Carilion Health System Purchases Park City Solutions' Laboratory Services Group.

ATLANTA & ROANOKE, Va. -- Carilion Health System has purchased the Laboratory Services Group from Park City Solutions, a healthcare information technology and consulting company headquartered in Atlanta, Georgia.

The Laboratory Services Group, formerly known as Chi Laboratory Systems, Inc., is a laboratory consulting group that is dedicated to assisting clinical laboratories achieve best-in-class performer status in all facets of their operations. The Laboratory Services Group offers industry-leading consulting and management services, state-of-the-art analytical tools, access to physician office information technology via web- based applications, and expertise in regulatory compliance and billing consultation. Comprised of 34 employees, Lab Services works with hospitals and laboratories in 17 states.

"This is an excellent opportunity for Carilion to grow as a healthcare company," said Carilion Executive Vice President Bud Thompson. "It also fits well with our economic development strategy, bringing high-tech or knowledge companies with strong growth potential into the region."

The name of the company will change to CHI Solutions, Inc., reflecting its rich origin and history. Its key leadership, products, and services will remain the same.

Ken Rardin, President and CEO for Park City Solutions states, "We are very excited about this transaction and see tremendous opportunity between our two organizations. Carilion's purchase of the Laboratory Services Group aligns with the long-term strategies for both Carilion and Park City and strengthens the strategic partnership between our two companies."

Carilion Health System, a regional, not-for-profit integrated delivery system, is headquartered in Roanoke, Virginia and is comprised of 7 hospitals and 65 medical practices. Annual revenues exceed $1.5 billion with annual admissions topping 48,000. For more information, please visit the Carilion web site at www.carilion.com.

Park City Solutions is a leading provider of healthcare information technology software and consulting solutions, serving the U.S. commercial and government provider markets. The company's emPOWERnet(TM) product provides a unified platform for building provider, patient or community portals, as well as standard or customized web-based applications. By integrating with existing clinical or administrative systems, PCS provides a consistent and comprehensive view of patient information across the healthcare community. For more information, please visit the Park City Solutions' web site at www.parkcitysolutions.com.