Companion Technologies makes announcement.COLUMBIA, S.C.--(BUSINESS WIRE)--Oct. 28, 1996--Companion Technologies Corp. has acquired Medical Solutions Inc., a physician computer software dealer. Medical Solutions was founded in November 1995 as the result of a merger between 21st Technologies of Omaha, Neb. and Entre' Information Systems of Cedar Rapids Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa. Medical Solutions is expected to bring in revenue of over $1 million in 1996. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Sessions, executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Companion Technologies, Medical Solutions is poised for growth in its marketplace and will add to Companion's ever-growing scope of business. Medical Solutions will benefit from the close proximity of Management Solutions Unlimited of Arlington, Texas, which Companion acquired in July 1996. Created in 1986, Companion Technologies is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . The company provides computer hardware and specialized software for the medical industry. Products and services range from electronic claims filing and accounting systems for physician practices to systems for hospitals and other medical institutions. Companion Technologies operates in all 50 states. Headquartered in Columbia, Companion employs over 750 people across the country and expects 1996 revenues of over $60 million. CONTACT: Blue Cross and Blue Shield of South Carolina, Columbia Donna Thorne, 803/788-0222, ext. 42437 |
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