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Sunquest acquires Antrim Corp.

TUCSON, Ariz.--(BUSINESS WIRE)--Nov. 26, 1996--Sunquest Information Systems, Inc., (NASD-SUNQ) today announced it has acquired Antrim Corporation, a leading provider of laboratory information systems for commercial and reference laboratories for $5.0 million in cash.

Antrim, formerly a subsidiary of Compucare, is a leading reference laboratory system provider, with 65% of the U.S. market, including Smith-Kline Beecham, Corning/Metpath and Roche/LabCorp commercial laboratories. These commercial laboratories service over 200,000 participating physicians. Antrim is based in Plano, Texas.

"Today's announcement demonstrates a continued commitment to growth through strategic acquisitions," said Dr. Sidney Goldblatt, Sunquest's CEO and President. "The acquisition is strategic for its products, its people and its client base. Antrim is known for excellence in commercial reference laboratory informatics, just as Sunquest is known for excellence in the hospital enterprises and Integrated Delivery Network."

"The successful interoperability of Antrim's commercial lab product and Sunquest's multi-hospital product is proven in seven IDNs, each with a large commercial reference laboratory business," said Rich Wesson, Chief Operating Officer of Sunquest. "The functionality of our combined systems strengthens our position as a leader serving the changing needs of the healthcare industry."

Sunquest Information Systems, Inc., a leader in laboratory healthcare automation since 1979, now focuses on the design, development, sales and support of the most comprehensive clinical and managed care information systems, from departmental to enterprise-wide information repositories.

With more than 675 installed sites worldwide, Sunquest systems include software for the laboratory, radiology, managed care administration, systems integration and the CPR (computerized patient record). Headquartered in Tucson, Arizona, the company also operates from offices in Johnstown, Pennsylvania; Salt Lake City, Utah; Winnipeg, Canada and the United Kingdom.

CONTACT: Sunquest Information Systems, Inc., Tucson

T. Paul Thomas, 520/570-2425
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Publication:Business Wire
Date:Nov 26, 1996
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