Greenway Acquires Imaging Technology

Purchase Signals Focus on Expanding EHR Functionality and Company Growth

CARROLLTON, Ga., Oct. 21 /PRNewswire/ -- Greenway Medical Technologies, Inc. today announced that it has acquired imaging technology and certain other assets from VisualMED, a leading imaging conversion and communications firm serving the healthcare marketplace. The acquired technology forms a key component of Greenway's recently announced PrimeIMAGE™ solution for the Greenway® PrimeSUITE® 2011 electronic health record (EHR) solution.  

PrimeIMAGE is an integrated picture archiving and communications system (PACS) that provides unique image management capabilities for physician practices by enabling customers of PrimeSUITE to combine digital imagery and data capture for integration into PrimeSUITE patient charts. Terms of the transaction were not announced.

"We are excited to announce this technology acquisition, as it gives our customers a low-cost way to manage the multitude of images and reports they encounter on a daily basis," said Tee Green, Greenway president and CEO. "While we continue to pride ourselves on having built our award-winning PrimeSUITE EHR solution from the ground up, this acquisition sends a clear message that we intend to acquire industry-leading technology where strategically advantageous," Green said.

About Greenway Medical Technologies, Inc.

Greenway Medical Technologies provides innovative EHR, ambulatory healthcare and clinical research business solutions and services to more than 23,000 healthcare providers nationwide, in 31 specialties and subspecialties, by enhancing the delivery of patient care through advanced health IT software and on-demand services that allow physician practices to function at their highest level of efficiency. PrimeSUITE® 2011 is an ONC-ATCB 2011/2012 Complete EHR. The 2011/2012 criteria supports the Stage 1 meaningful use measures required to qualify eligible providers and hospitals for funding under the American Recovery and Reinvestment Act (ARRA). Established in 1998, Carrollton, Ga.-based Greenway is a privately held company with more than 400 employees.  

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Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental, and technological factors affecting the Company's operations, markets, services and related products, prices, and other factors.

SOURCE Greenway Medical Technologies, Inc.