MedCom USA to Acquire Two Medical Transaction Companies

SCOTTSDALE, Ariz. — MedCom USA, Inc. (BULLETIN BOARD: EMED) , a leading provider of HIPAA-compliant healthcare and financial transaction solutions for the healthcare industry, has signed letters of intent acquiring PayMed USA, LLC and Absolute Medical Software Systems, LLC (AMSS). PayMed USA and Absolute Medical are leading providers of practice management, electronic medical records and revenue cycle management software to hospitals, surgery centers and physician practices.

Bill Williams, president and CEO of MedCom USA stated, "We have been looking for products and services which would complement our core business and give our customers the additional functionality that PayMed USA and Absolute Medical provide. Since MedCom, PayMed and Absolute Medical are all Web-based software platforms, we believe that by combining our customer base, we will lower our operating costs, while offering services to our current customer base. PayMed and Absolute Medical's current customer average revenue is approximately five times that of MedCom. We believe that this will add significant revenue to MedCom's current base of customers. And, since we will be introducing our new combined products and services to new and current customer bases, we will have a significant selling advantage over other healthcare software vendors."

According to Michael DeLaGarza, president and CEO of AMSS and PayMed, "By using advanced technology and innovations based on established 'best business practices,' AMSS has successfully crafted a solution that offers healthcare providers a way to streamline the usual difficult and time-consuming tasks of a medical business into one easy to use, fully integrated platform resulting in improved cash-flow and profitability with less work. The AMSS suite of products consists of three integrated components:

• revenue management
• practice management
• electronic medical records

All components share the same relational database (No cumbersome, inaccurate and trouble prone HL7 connections) and when combined, offer 'a single version of the truth' so essential in making timely and correct business decisions."

DeLaGarza will assume the position of president of MedCom USA Inc. once the acquisition is finalized.

Source: MedCom USA, Inc.