Standard Register Enhances Healthcare Market Leadership with Informed Consent Process Transaction
25 Maio 2011 - 12:00PM
Business Wire
The Standard Register Company (NYSE: SR) announced today that it
has entered into a definitive agreement under which Standard
Register will acquire 100% of the ownership interest in Dialog
Medical, the leader in solutions for managing the patient informed
consent process. Dialog Medical, which has approximately $5 million
in annual revenue, will be operated as a wholly owned subsidiary of
Standard Register and will report through Standard Register
Healthcare. Terms of the transaction, which is expected to close by
June 30, were not disclosed.
Standard Register Healthcare, a business unit of Standard
Register, provides services and technology for patient
identification verification, patient safety and streamlining
workflow, serving more than 3,000 clients including 62 percent of
U.S. hospitals. Dialog Medical, a privately held company
headquartered in Atlanta, Ga., is the recognized leader in
standardizing, automating and documenting the informed consent
process. Its iMedConsent™ solution is used by 200 hospitals and
approximately 15,000 physicians. iMedConsent™ is an application
that physicians use to assist with educating and informing patients
about conditions, diagnoses and treatments. It streamlines internal
practices, standardizes communication across the enterprise and
better documents informed consent encounters.
“This transaction is a good strategic fit; it strengthens and
broadens our leadership in the healthcare market, and helps our
customers advance their reputations by improving patient safety,
compliance, critical patient communications and operational
performance,” said Joseph P. Morgan, Jr., president and chief
executive officer of Standard Register.
“Standard Register’s acquisition of Dialog Medical brings
together two organizations with shared values and complementary
lines of business. By leveraging the combined strength of both
companies, we are building an even stronger healthcare business
unit with scale, density and world-class products and services,”
said Brad Cates, president of Standard Register Healthcare. “We are
very excited to leverage the combined power of the new business to
better serve our customers and innovate for the healthcare
market.”
Standard Register Healthcare and Dialog Medical will continue to
serve their respective customers as well as go to market with a
combined portfolio of products and services. Dialog Medical, which
employs 30 people, will continue to operate from its office in
Atlanta, and will report to Brad Cates, president of Standard
Register Healthcare.
“Together, Dialog Medical and Standard Register bring unmatched
value to hospitals, physicians and other healthcare providers,”
said Michael Burke, president of Dialog Medical. “Each has built a
trusted leadership position, and we will capitalize upon each
other’s distinct capabilities to positively impact patient safety
and organizational efficiency.”
About Standard Register
Standard Register (NYSE: SR) is trusted by the world’s leading
companies to advance their reputations by aligning their
communications with corporate standards and priorities. Providing
market-specific insights and a compelling portfolio of solutions to
address the changing business landscape in commercial, healthcare
and industrial markets, Standard Register is the recognized leader
in the management and execution of mission-critical communications.
More information is available at www.standardregister.com.
About Standard Register Healthcare
Standard Register Healthcare serves more than 3,100 hospitals
and 100 of the nation's top integrated delivery networks (IDNs). It
helps healthcare providers advance their reputations by
accelerating performance, attracting and educating patients,
enhancing patient safety, and improving the quality of care
with document management and workflow
automation solutions for patient identification and
documentation, secure
prescriptions, training, patient and marketing
communications, as well as professional services and print
supply chain services. More information is available at
www.standardregister.com/healthcare.
About Dialog Medical
Dialog Medical is a leading provider of informed consent ant
patient education systems for physician practices and hospitals.
The company’s iMedConsent™ application is currently used by more
than 15,000 physicians and in 200 hospitals and physician practices
nationwide. For more information on Dialog Medical and its
products, visit www.dialogmedical.com.
Safe Harbor statement
This report includes forward-looking statements covered by the
Private Securities Litigation Reform Act of 1995. Because such
statements deal with future events, they are subject to various
risks and uncertainties and actual results for fiscal year 2011 and
beyond could differ materially from the Company’s current
expectations. Forward-looking statements are identified by words
such as “anticipates,” “projects,” “expects,” “plans,” “intends,”
“believes,” “estimates,” “targets,” and other similar expressions
that indicate trends and future events.
Factors that could cause the Company’s results to differ
materially from those expressed in forward-looking statements
include, without limitation, variation in demand and acceptance of
the Company’s products and services, the frequency, magnitude and
timing of paper and other raw-material-price changes, general
business and economic conditions beyond the Company’s control,
timing of the completion and integration of acquisitions, the
consequences of competitive factors in the marketplace including
the ability to attract and retain customers, results of continuous
improvement and other cost-containment strategies, and the
Company’s success in attracting and retaining key personnel. The
Company undertakes no obligation to revise or update
forward-looking statements as a result of new information since
these statements may no longer be accurate or timely.
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