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AccentHealth and Axolotl Merger Creates Emerging E-health Player; Powerful Combination to Connect Physicians, Hospitals, Labs and Patients and Deliver Trusted Health Information.


TAMPA, Fla. and MOUNTAIN VIEW, Calif.--(BW Healthwire)--Oct. 26, 1999--

AccentHealth, Inc., a premier branded provider of integrated, multi-media health care information, and Axolotl axolotl (ăk`səlŏt'əl), a salamander, Siredon mexicanum, found in certain lakes in the region of Mexico City, which reaches reproductive maturity without losing its larval characteristics.  Corporation, the leader in Web-based clinical messaging solutions for health care professionals, today announced the completion of a merger between the two privately-held companies through an exchange of shares.

The merger creates the first integrated, multimedia e-health E-health Informatics A philosophy that empowers–E = electronic–health care consumers by bringing information, products and services online  company to serve the entire health care continuum Continuum (pl. -tinua or -tinuums) can refer to:
  • Continuum (theory), anything that goes through a gradual transition from one condition, to a different condition, without any abrupt changes or "discontinuities"
 of institutions, providers, patients, and consumers. Together, the two companies will create more efficient delivery of health care information through advanced technology, value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , and secure, reliable connectivity. Financial terms of the transaction were not disclosed.

The merger combines the comprehensive products and marketing channels of two key emerging players in the rapidly expanding e-health market. AccentHealth's acclaimed ac·claim  
v. ac·claimed, ac·claim·ing, ac·claims

v.tr.
1. To praise enthusiastically and often publicly; applaud. See Synonyms at praise.

2.
 consumer Web-site (www.accenthealth.com), broadband broadband

Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies).
 satellite ISP (1) See in-system programmable.

(2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines.
 capabilities and award-winning Waiting Room Television Network, has established a large and growing base of loyal physicians and patients. Axolotl's Web-based clinical messaging products, known as Elysium, provide secure clinical communication between physicians, hospitals, laboratories, pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia
Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major
, radiology radiology, branch of medicine specializing in the use of X rays, gamma rays, radioactive isotopes, and other forms of radiation in the diagnosis and treatment of disease.  centers and medical groups, and have been similarly successful. Together the companies can deliver an unprecedented array of health, wellness and clinical information to their combined user base of more than 52,000 physicians, their associated patients and the general public.

Under the agreement, Axolotl's operations will be merged into AccentHealth and will operate as a subsidiary. Ray Scott Ray Scott may refer to:
  • Ray Scott (sportscaster) (1920–1998), American
  • Ray Scott (basketball) (born 1938), player and coach
  • Ray Scott (singer), American country music
  • Ray Scott (umpire), in Australian rules football
See also:
, Axolotl's President and Chief Executive Officer, will remain as Axolotl's President and become AccentHealth's Chief Technology Officer and a member of the Executive Management Team. Grover Wrenn, AccentHealth's Chairman and Jerry Morrison AccentHealth's President and Chief Executive Officer, will continue their respective positions at the combined company.

"This is a powerful and winning combination," stated Ray Scott, President of Axolotl, "Successful product offerings from both companies combine to provide comprehensive communication to healthcare institutions, to physicians, to patients, and to consumers. With our proven e-health products and solid installed base, we can meet most Internet health care needs - today." Jerry Morrison, AccentHealth President and Chief Executive Officer, added, "This transaction is consistent with our respective strategies and instantly creates a strong leader in the health care information and connectivity market."

Grover Wrenn, Chairman of AccentHealth, commented, "The combination of AccentHealth and Axolotl significantly strengthens our market position and expands our value-added communication services for physicians, patients and consumers. Axolotl's Elysium products are rapidly emerging as an effective, high-quality clinical messaging solution for connecting physicians with hospitals, clinical laboratories, transcription transcription /trans·crip·tion/ (-krip´shun) the synthesis of RNA using a DNA template catalyzed by RNA polymerase; the base sequences of the RNA and DNA are complementary.

tran·scrip·tion
n.
 services, radiologists, pharmacies, and patients. Acceptance of Axolotl's products has been very strong, and by combining, we will accelerate market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women"
. Together we will pursue additional strategic initiatives to take full advantage of the growth potential in the e-health marketplace."

About Axolotl

Axolotl Corp. (www.axolotl.com) provides clinical messaging solutions for independent physicians and their healthcare partners. Axolotl's Elysium product suite harnesses Internet, e-mail, and powerful automation technology to link physicians and bring improved patient care and efficiency to physician offices. Elysium is an open architecture standard with interfaces to existing hospital and laboratory data systems, workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle.  support, and other clinical automation components. Axolotl's clinical messaging standard is already connecting thousands of physicians and providers nationwide.

About AccentHealth, Inc.

AccentHealth, Inc., the complete Health Information Delivery System, uses advanced technology to deliver branded healthcare information directly to consumers and health professionals, and provides contract services to facilitate the flow of information and commerce throughout the healthcare industry. As a trusted source of reliable health information, via its Web site www.accenthealth.com and its exclusive Waiting Room Television Network, AccentHealth helps millions of individuals and their families become informed, active participants in their own health, and enables physicians, healthcare professionals and their staffs to enrich and strengthen patient relationships.

AccentHealth's Waiting Room Television Network provides health-related programming to 20 million medical waiting room visitors each month, and reaches more than 10,000 installations. AccentHealth's in-office two-way satellite communication system enables fast Internet connection with interactive multi-media capabilities for doctors and their staffs.

Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and service offering growth, together with other statements that are not historical facts, are "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgement of the party making such statements based upon currently available information and involve a number of risks, uncertainties and other factors which could cause actual results to differ materially from those stated in such statements.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Date:Oct 26, 1999
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