FOR IMMEDIATE RELEASE
Medsphere Legal Dispute Settled
ALISO VIEJO, California, Oct. 19, 2007 - Medsphere Systems Corporation today announced that all legal disputes involving the company and Steve and Scott Shreeve have been settled and resolved by mutual agreement of the parties.
Medsphere looks forward to continuing the recent growth and development of the company. In recent months, Medsphere has signed four new contracts for the implementation of OpenVista, the company's comprehensive open source electronic health record (EHR) based on the U.S. Department of Veterans Affairs (VA) VistA solution. The company recently also announced the appointment of Michael J. Doyle to the position of President and Chief Executive Officer.
About Medsphere Systems Corporation
As the Open Source source for healthcare, Medsphere is revolutionizing the industry by delivering commercially supported software based on the U.S. Department of Veterans Affairs' proven VistA electronic health record (EHR). Medsphere offers healthcare a comprehensive solution in OpenVista®, a portfolio of products and professional services for hospitals, clinics, and integrated delivery networks. The company addresses the capital constraints of the healthcare industry through an innovative subscription-based pricing model. Medsphere's experienced team of healthcare technology professionals and unique suite of implementation tools deliver a fluid transition to a comprehensive healthcare information technology solution. Founded in 2002, Medsphere is backed financially by Azure Capital Partners, Thomas Weisel Venture Partners, and the Wasatch Venture Fund. For more information, visit http://www.medsphere.com.Contacts
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Corporate: Michael J. Doyle President and CEO Medsphere Systems Corporation (949) 297-4050 mike.doyle@medsphere.com |
Media: Marisa Borgasano Schwartz Communications (415) 512-0770 (office) medsphere@schwartz-pr.com |