ADAC laboratories to acquire Cortet, Inc.

MILPITAS, Calif.--(BW HealthWire)--March 18, 1997--ADAC Laboratories announced today that it has entered into an agreement in principle to acquire Cortet, Inc., of Winter Park, Fla., a developer of integrated computer systems for use in cardiac catheterization laboratories. The transaction is valued at approximately $3.5 million.

Cortet's CorCAAT(TM) system is installed at 13 sites, including the prestigious St. Luke's Episcopal Hospital in Houston. The CorCAAT system performs functions that previously required equipment and systems from multiple vendors, as well as expensive and inflexible computer interfaces. CorCAAT eliminates the need for redundant data entry and gives users a single point of access to all cath lab information. The system is based on client server technology and standard components, including Microsoft Windows NT(TM), Microsoft SQL Server(TM) and Intel-based computers.

David L. Lowe, Chairman and CEO of the Company, stated, "We believe this acquisition will bring to ADAC the best-in-class cardiac cath lab information system, and will enable us to accelerate our overall cardiovascular information management strategy. Cardiac cath labs represent the largest source of costs in a cardiology department, and Cortet has the proven ability to positively impact both cost and quality measures."

J.P. Patten, co-founder of Cortet, commented, "We are very excited about our partnership with ADAC, which will bring additional management, marketing and sales expertise to our company, and serve as a strong foundation on which to expand our cardiovascular business."

ADAC Laboratories is the world market share leader in nuclear medicine and a leading supplier of radiation therapy planning systems and radiology and laboratory information systems in North America. In 1996, ADAC became the first healthcare manufacturer to receive a Malcolm Baldrige National Quality Award. ADAC is headquartered in Milpitas, with its Healthcare Information Systems division in Houston.

This press release contains forward looking statements. Factors that could cause actual results to differ materially from those contained in such forward looking statements include those factors set forth under "Business Considerations" in the Company's most recent Annual Report on Form 10-K. All forward looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.

CONTACT: ADAC Laboratories, Inc.

Heidi Magner, 408/321-9100