TROY, Mich., Nov. 2 CareTech Solutions, Inc. (www.caretechsolutions.com) announced today the firm has reached agreement in principle to acquire IGCN (www.IGCN.com). CareTech Solutions is an information technology and web products and services provider for hospitals and health systems and IGCN provides solutions for hospitals to build and manage robust websites. With the acquisition of IGCN, CareTech Solutions increases its client base while adding intellectual and technical capabilities to its portfolio. Terms of the agreement were not disclosed.
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"We are very pleased to welcome IGCN clients and employees to the CareTech family. We look forward to servicing the clientele and truly believe the collective client bases will share in exciting benefits and opportunities moving forward," said Chris Catallo, CareTech's executive director of web products and services. "At the same time, combining forces with IGCN strengthened our eHealth platform. The combination of products and technologies we will offer to the market will continue to be industry changing!"
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CareTech Solutions began offering its CareWorks CMS(TM) content management system for hospitals and healthcare systems in 2005. CareWorks is an integrated information exchange that provides hospitals and healthcare systems with a web solution to support physicians, patients, hospital staff, board members and the community. CareTech clients are primarily community-based hospitals and health systems that are comprehensive providers of acute care and outpatient services. With the addition of IGCN's product offering, CareTech Solutions will further expand their portfolio for the healthcare industry.
Interactive Global Communications Network (IGCN), a privately held company, was founded in 1997 in Easton, PA and is currently providing content management systems for many clients including dozens of healthcare providers. IGCN advanced the use content management systems in the healthcare industry through focus on the user experience. IGCN's unique approach to content management and web design has enabled the company to attract and retain a client base nation wide.
"CareTech Solutions operates with the same focus on integrity and quality that have been the hallmark of IGCN while offering enterprise solutions and more services. It's clear both companies hold a similar vision and this combination will benefit our customers and the market," said Christopher E. Smith, President and CEO of IGCN. "CareTech's strong foundation in healthcare web and information technologies will benefit both our current customers and transitioning employees."
About CareTech Solutions, Inc.
CareTech Solutions, Inc., an information technology and Web products and services provider for hospitals and health systems, creates value for clients through customized solutions that contribute to improving patient care while lowering healthcare costs. From implementing emerging technologies to supporting day-to-day operations, CareTech offers clients expert services across the entire patient data lifecycle.
CareTech Solutions won a coveted 2008 Best in KLAS award for the IT Outsourcing (Extensive) segment, as ranked by healthcare executives and professionals in the 2008 Top 20 Best in KLAS Awards report. CareTech's Best in KLAS distinction follows the company's achievement of leading overall performance scores in KLAS' 2008 Extensive IT Outsourcing Study. CareTech's overall performance score was 94.6 on a 100-point scale - the top score among six competing extensive IT outsourcing firms cited in the report, and the highest score KLAS has measured since first measuring extensive IT outsourcing performance in 2005. CareTech earned 100-percent scores in each of the "business indicator" categories of Would You Buy it Again, Avoids Nickel-and-Diming, Keeps all Promises, Services Delivered within Budget/Cost and Would You Recommend to a Friend/Peer.
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For more information, please visit www.caretechsolutions.com.
SOURCE CareTech Solutions, Inc.
