Recent News: MEDITECH to Acquire Patient Care Technologies, Inc. (PtCT)

April 18, 2007 -- MEDITECH, the leading vendor of health care information systems, announced today it will be acquiring its long-time partner PtCT, a leading provider of home care, hospice, tele-health, private duty, and benchmarking software. Upon completion of the acquisition, PtCT will become an independent subsidiary of MEDITECH. Lawrence A. Polimeno, Vice Chairman of MEDITECH, will assume the additional role of President and CEO of PtCT.

"We've enjoyed a long relationship, including a partial ownership stake, with PtCT since the very beginning of their founding," said Polimeno. "Both companies write software using the same technologies, and two members of our Board of Directors are long-time members of PtCT's Board of Directors. This acquisition was spurred by the long relationship between the two companies and PtCT's development of exciting, innovative solutions for the home care industry."

More info: http://www.ptct.com/04_18_2007.html