DAOU Systems Inc. Announces Daniel Daou Leaves Board of Directors.SAN DIEGO--(BW HealthWire)--Aug. 18, 1999-- DAOU Systems Inc. announced today that Daniel Daou, vice chairman of the Board of Directors, and co-founder of DAOU Systems Inc. has resigned his position on the DAOU Board, effective immediately. Daniel Daou stated, "It has been greatly satisfying to have provided strategic vision and leadership to DAOU since my brother Georges and I founded the company in 1987. Georges still serves as chairman of the board and Larry Grandia is chief executive officer and president. DAOU is in very capable hands and I am confident in the company's continued success. I am resigning my seat on the DAOU Board, for the remaining one year of my two-year term, to pursue other opportunities." A search for a replacement Board member is underway, and should be announced at the next Board meeting, currently scheduled for late October. Larry Grandia, chief executive officer and president of DAOU stated, "I want to take this opportunity to thank Daniel Daou for his leadership and dedication to growing and shaping what DAOU is today. It was Daniel who had the strategic vision to grow DAOU into a company dedicated to providing the healthcare marketplace with leading edge, value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. Information Technology (IT) solutions. He led the charge on our Acquisition and Financing strategies and has been instrumental in creating the New DAOU. We wish Daniel great success in his new endeavors." DAOU Systems Inc. is a provider of integrated Information Technology (company) Integrated Information Technology - (IIT) A Santa Clara based company producing a programmable, single chip H.261 and MPEG system. The chip contains a RISC processor, originally based on the MIPS architecture but now called RISCit, and a "Pixel Processor". (IT) solutions and services to the U.S. healthcare U.S. Healthcare is a now-defunct healthcare company. The logo had an apple. The merger with Aetna In 1996, the company merged with Aetna, calling it Aetna U.S. Healthcare. The U.S. Healthcare apple logo was next to the Aetna name, and U.S. Healthcare under it. U.S. industry. DAOU's capabilities range from up-front strategic consulting to IT system design, implementation and long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. tactical support. DAOU's IT offerings include data, voice and video networking, applications consulting and implementation, as well as operational and Internet solutions. DAOU has nearly 800 employees, and has provided services to more than 1,300 healthcare organizations, including many of the nation's top 100 integrated delivery systems integrated delivery system Integrated provider Medical practice A coordinated health care system formed by physician groups and hospitals which ↑ efficiency and ↓ redundancy in providing health care; IDSs coordinate delivery of a broad range of health . DAOU's clients include organizations such as the Cleveland Clinic Cleveland Clinic (formally known as the Cleveland Clinic Foundation) is a multispecialty academic medical center located in Cleveland, Ohio, USA. Cleveland Clinic was established in 1921 by four physicians for the purpose of providing patient care, research, and medical , Catholic Healthcare West Catholic Healthcare West (CHW) is a California not-for-profit public benefit corporation that operates hospitals in California, Arizona, and Nevada[1]. As such, it is exempt from federal and state income taxes. , University of Chicago and Saint Barnabas Health Care. More information about DAOU Systems can be found at www.daou.com on the World Wide Web. Except for the historical information contained herein, the matters discussed in this press release 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. that involve numerous risks and uncertainties. The company's actual results could differ materially from those projected in such forward-looking statements and will depend upon a number of factors, including those discussed in the company's filings with the Securities Exchange Commission and other press releases of the company. |
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