Printer Friendly

ADAC Laboratories and Cedara Software Form Strategic Alliance for Integrated Radiology Information and Image Management Systems.

MILPITAS, Calif.--(BW HealthWire)--Oct. 26, 1999--

Two Technology Leaders Well-Positioned

In Rapidly Growing $700 Million PACS Market

ADAC Laboratories (Nasdaq: ADAC) and Cedara Software, formerly known as I.S.G. Technologies, Inc., (TSE:ISO, Nasdaq: ISGTF), today announced the formation of a strategic alliance to develop and market integrated radiology information and Picture Archiving Communications Systems (PACS) for health care institutions.

"This strategic alliance represents a major milestone for ADAC HealthCare Information Systems (HCIS)," said Jay Deady, HCIS senior vice president and general manager. "After a thorough evaluation of potential technology partners, ADAC firmly believes Cedara's image management technology is 'Best-of-Class'. The integration of Cedara's products with our Radiology Information Systems and workflow solutions will allow ADAC to provide a clearly differentiated full-scale PACS offering to our customers. According to industry data and our information, the PACS market is expected to grow to $1.2 billion by 2002," Mr. Deady added.

"This alliance enables our companies to change the landscape of healthcare information management with RIS-centric PACS solutions. Integrating our Cedara workstation and archive software products with ADAC's radiology information solutions opens up a significant new channel for our software technology," said Alyn Ford, vice president and general manager, Cedara Software Image Management Division.

Working together, the two companies will provide a unique solution to purchasers of PACS technology. This is a new approach to providing comprehensive patient data and diagnostic image information to physicians in both radiology and the enterprise-wide delivery network. PACS delivered this way has benefits to healthcare providers in the form of: physician and staff productivity, reduced diagnostic image film cost, and a higher quality of service to referring physicians. ADAC will immediately begin to offer the Cedara Viewing and Reading (VR) archives and workstations as a part of its ENVOI image management solution and plans to demonstrate this new offering at the Radiological Society of North America (RSNA) annual meeting in Chicago this November.

ENVOI is ADAC's integrated Image and Information Management Solution, which includes QuadRIS(TM), Physician's Desktop(TM), Intranet Image Server, Dicom Acquisition, Diagnostic & Clinical review workstations, and the recently introduced integrated Workflow Manager. ENVOI's open clinical architecture combines Oracle's(TM) relational database technology with Microsoft Windows(TM) client/server software to deliver radiology information not just within the radiology department, but throughout the healthcare delivery network. Physician Desktop, with integrated voice recognition and digital dictation, enables radiologists to review patient examination history and previous reports, as well as verify and sign-off on reports.

Building on the power of the Web, the ENVOI Intranet Image Server delivers an integrated image and information management solution that provides real-time access to images and reports for radiologists, referring physicians, and emergency room, intensive care and cardiac care unit technologists. Industry standards such as DICOM and Internet protocols are used to cost-effectively manage the need to view images and reports on an Intranet or Internet connection throughout the enterprise.

Cedara's Viewing and Reading (VR) software line is a suite of innovative products designed to meet the image management needs throughout the healthcare-enterprise. These products include VR SoftView, applications used to review, analyze and report medical images, and VR SoftStore and VR HardStore applications that allow system integrators to build robust, flexible and scalable image storage management solutions.

Cedara Software is the world's leading independent provider of medical visualization software. The Company has served major healthcare solution providers since 1987 as I.S.G Technologies. In October, 1999, I.S.G. announced the adoption of the trade name Cedara Software. The official transition to the name Cedara Software Corp., and the adoption of new ticker symbols, are pursuant to approval at the Company's annual general meeting in December, 1999. Cedara software is incorporated into medical solutions for diagnostic imaging, image management and image-guided therapy from world leaders in the healthcare sector, including Aesculap, Access/EMED, Agfa Medical Systems, GE Medical Imaging, Hitachi Medical Corporation, McKesson-HBOC, Picker, Philips, Siemens, and Toshiba, among others.

ADAC Laboratories is the world market share leader in nuclear medicine and radiation therapy planning systems and a technology leader in providing hospital information systems, Picture Archiving Communications Systems (PACS) and clinical workflow solutions in North America. ADAC is headquartered in Milpitas, California with its HealthCare Information Systems Division based in Houston, Texas.

This news release contains forward-looking statements, including statements concerning the future market for image management systems and the Company's product leadership. Factors that could cause actual results to differ materially from those in such forward-looking statements include, but are not limited to, the existence of competition in the PACS market; the ability to develop and market an integrated radiology information and PACS system, the ability of ADAC to provide a clearly differentiated full-scale PACS offering to its customers and risks related to the growth prospects of the PACS market. Further information on these and other factors is provided in the "Business Considerations" section of the Company's most recent Form 10-Q for the fiscal quarter ended July 4, 1999, including the subsections headed "Competition" and "Dependence on New Products and Product Enhancements". All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 26, 1999
Words:864
Previous Article:Players International Announces Second Quarter Financial Results.
Next Article:Net Illusions Selected by Valadeo Technologies as Premier Partner for Launch of LiveSite Self-Serve Web Publishing System.
Topics:


Related Articles
ADAC HealthCare Information Systems to Provide Envoi Image Management Solution to the University of Chicago Hospitals.
ADAC Healthcare Information Systems Appoints William W. Nye to Image Management Team.
ADAC Laboratories to Invest $10 Million in Information Technology Systems.
ADAC Laboratories Signs Exclusive Group Purchasing Agreement With Shared Services Healthcare.
ADAC Laboratories Names Three to Key Management Positions.
ADAC Laboratories and Agfa Corp. Sign OEM Agreement for Computed Radiography and Hardcopy Printer Products.
ADAC HealthCare Information Systems Signs Contract With Ascension Health for Envoi; ADAC To Provide Image and Information Management Solutions.
ADAC Laboratories Reports Financial Results for the First Quarter of Fiscal 2000.
ADAC HealthCare Information Systems Announces Significant New Customer Orders.
SURGEONS USE ORTHOPAEDIC KNOWLEDGE MANAGEMENT SYSTEM.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters