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Cybear and PacifiCare Subsidiary Form Cross-Marketing Alliance.


Business Editors & Health/Medical/Technology Writers

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.--(BUSINESS WIRE)--Oct. 29, 2001

Cybear Inc., a member of Andrx Corporation - Cybear Group (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
), and PacifiCare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. , Inc. (Nasdaq:PHSY PHSY PacifiCare Health Systems, Inc ), through its subsidiary, RxConnect Acquisition Corporation, today announced that they have entered into a cross-marketing alliance agreement to promote their respective technology tools and services.

The agreement reflects each organization's desire to promote increased quality and lower costs in health care through the use of technology. Cybear provides a suite of physician-oriented Internet products and services that complement PacifiCare's point-of care technology and other proprietary tools under development. PacifiCare, one of the nation's largest health care services companies, has been recently recognized as a leading high-tech innovator by InformationWeek magazine in its InformationWeek 500 List for 2001.

The marketing alliance further enhances the parties' relationship initiated by Cybear's agreement to amend and consent to the transfer of its existing patent license agreement (for Cybear's electronic prescription patents, Nos. 5,737,539 and 5,845,255) with ParkStone Medical Information Systems Inc. to PacifiCare's subsidiary, RxConnect. The patent license amendment, which includes the payment of additional consideration of $150,000 to Cybear, was negotiated in conjunction with the bankruptcy sale of ParkStone's assets to RxConnect, which was concluded last week.

Cybear's 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.
, Timothy Nolan, said, "We believe that Cybear's extensive suite of physician-oriented Internet products and services, paired with PacifiCare's technology and relationships with physicians through RxConnect, will be a very compelling combination."

"PacifiCare has always recognized that doctors are the critical link in providing affordable quality health care and are critical in ensuring appropriate utilization of pharmaceuticals," said David Grant David Grant may refer to:
  • David Grant (radio presenter), UK radio presenter & voice-over artist
  • David Grant (academic), Vice Chancellor of Cardiff University in Wales
, president of RxConnect. "By providing technology leveraging Cybear's and our proprietary tools, we believe we can help in more effectively managing the rising cost of pharmaceuticals as well as reducing medication errors."

About Cybear Group

The Cybear Group includes Cybear Inc., Cybear Acquisition Corporation, formerly certain assets of AHT AHT Animal Health Trust (Suffolk, England)
AHT American Hairless Terrier (dog breed)
AHT After Hours Trading
AHT Animal Health Technician
AHT Anchor Handling Tug
 Corporation, and Mediconsult.com, Inc. and its subsidiaries. Headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , the Cybear Group's products and technology are designed to allow the Internet to be used to improve the efficiency of clinical, administrative and communications tasks in the healthcare industry. The Cybear Group uses multiple networks, including its own secure private network, to provide access to the Internet, email, and productivity applications that are available on a transaction or subscription basis to physicians, physician organizations and hospitals. Product offerings also include a variety of healthcare products available to physicians through the Internet, online applications such as the Physicians' Online Web portal See portal. , business tools for hospital messaging, lab orders and results, streamlined purchasing, prescription writing, claims processing, eligibility verification, formulary-compliance, credentialing, and physician-patient communications via the Internet. Through Cybearclub LC, Cybear Group's joint venture with Andrx, Cybear Group sells and distributes healthcare products to physicians through the Internet.

About PacifiCare Health Systems

Dedicated to making people's lives better, PacifiCare Health Systems is one of the nation's largest health care services companies. Primary operations include managed care products for employer groups and Medicare beneficiaries in eight states and Guam. Other specialty products and operations include pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , behavioral health services, life and health insurance, and dental and vision services. More information on PacifiCare Health Systems can be obtained at http://www.pacificare.com.

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 "to," "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or 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. Cybear Group Common Stock is a class of common stock of Andrx Corporation, therefore Cybear Group shareholders are subject to the risks and uncertainties described in Andrx Corporation's filings with the Securities and Exchange Commission, including Andrx Corporation's Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
, for the year ended December 31, 2000.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 29, 2001
Words:699
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