Cybear and Genesis Health Ventures Announce a Strategic Partnership.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla., and KENNETT SQUARE, Pa.--(BUSINESS WIRE)--June 21, 1999-- Genesis to begin using Cybear's product Solutions MDSM MDSM Mass Digital Storage Management to facilitate connectivity between its healthcare providers. Cybear and Genesis will work together to provide connectivity applications to approximately 500 Genesis-affiliated physicians. Genesis and Cybear will work together to develop information and connectivity products for the long term care industry. Cybear, Inc, (Nasdaq: CYBA CYBA Charter Yacht Broker Association CYBA Conejo Youth Basketball Association (Conejo Valley, California) CYBA California Yacht Brokers Association CYBA Cybertron Army CYBA Columbia Yacht Brokers Association ), the Internet-based healthcare communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry company, and Genesis Health Ventures, INC. (NYSE NYSE See: New York Stock Exchange : GHV GHV Genesis Health Ventures, Inc. GHV Gross Heating Value (relationship between volume and corresponding amount of energy for gas) ), a provider of long term care, home health, pharmaceutical and other healthcare services, announced today a strategic partnership. Cybear and Genesis will work to electronically link the healthcare providers that provide care to Genesis patients in a manner that improves care and efficiency. Under the agreement, Genesis and its affiliate providers will receive Cybear's powerful Internet package Solutions MDSM on a free trial subscription basis. The Solutions MD package includes online tools, a physician's home page, e-mail, and applications. Solutions MD will provide a communications base for future introduction of a Genesis specific Intranet. Cybear will use the knowledge base provided by Genesis to develop Internet-based applications and systems designed to improve the management of care for the long term care industry. Genesis will also become the preferred provider of eldercare eld·er·care n. Social and medical programs and facilities intended for the care and maintenance of the aged. content for Cybear's consumer sites in exchange for payment of a consulting fee by Cybear. Genesis and Cybear believe that Cybear's technologies will benefit patient care and operating efficiencies. Cybear, Inc. (http://www.cybear.com) is an information technology company using the Internet and Internet-based applications to improve the efficiency of day-to-day administrative and communications tasks of healthcare providers that interact to manage patient care. Cybear is developing its Solutions product line, an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. system designed to provide information and Internet-based productivity applications to physicians, physician organizations, pharmacies and hospitals. Cybear's SolutionsMD subscriptions are available online at its web site http://www.solutionsmd.com or by calling (877) 999-3001. Genesis is a leading provider of healthcare and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the elderly. The company has developed the Genesis ElderCareSM delivery model of integrated healthcare to provide cost-effective, outcome-oriented services to the elderly. Through these integrated healthcare networks, Genesis provides basic healthcare and specialty medical services to more than 175,000 daily customers, including approximately 40,000 customers who are residents in eldercare facilities. Genesis operates primarily in five regional markets. The networks include 326 eldercare centers with approximately 42,200 beds; nine primary care physician clinics; 500 physicians; 11 medical supply distribution centers serving over 1,000 eldercare centers; and an integrated NeighborCareSM pharmacy operation with close to $1 billion in revenues. Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including those risks and uncertainties detailed in the Cybear's filings with the Securities and Exchange Commission. |
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