Inclusion will result in increased visibility within the investment community
BOSTON, June 17 /PRNewswire-FirstCall/ -- AMICAS, Inc. (Nasdaq: AMCS), a leader in image and information management solutions, today announced that it expects to join the broad-market Russell 3000 Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 26, according to a preliminary list of additions posted June 12 on www.russell.com.
"AMICAS is a leading independent provider of image and information management solutions for healthcare. As such, we're pleased that AMICAS will become part of the Russell 3000 Index," said Stephen Kahane MD, president, chief executive officer, and chairman of AMICAS. "The Russell indexes have a solid history and reputation as tools for investors to track the market and its various movements and trends. We believe that inclusion in the Russell 3000 Index will result in increased visibility within the investment community and we look forward to executing on our recent combination with Emageon to increase shareholder value."
Annual reconstitution of Russell's U.S. indexes captures the largest U.S. stocks as of the end of May, determined by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4 trillion in assets currently are benchmarked to the Russell indexes. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
Total returns data for the Russell 3000 and other Russell indexes is available at www.russell.com/Indexes/performance/default.asp.
AMICAS, Inc. (www.amicas.com) is a leading independent provider of imaging IT solutions. AMICAS offers the industry's most comprehensive suite of image and information management solutions -- from radiology PACS to cardiology PACS, from radiology information systems to cardiovascular information systems, from revenue cycle management solutions to enterprise content management tools designed to power the imaging component of the electronic medical record (EMR). AMICAS provides a complete, end-to-end solution for radiology practices, imaging centers, and ambulatory care facilities. Hospitals and integrated delivery networks are provided with a comprehensive image management solution for cardiology and radiology that supports EMR strategies to enhance clinical, operational, and administrative functions.
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. Russell has $136 billion in assets under management as of March 31, 2009, and serves individual, institutional, and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
Note: AMICAS has no ability to predict or control and gives no assurances as to whether inclusion in the Russell 3000 or other Russell indexes will have any effect on the volume, liquidity, price, or other trading characteristics of the Company's common stock, or whether AMICAS will continue to be included within the Russell indexes for any period of time. The standards for inclusion in any of the Russell indexes are determined by Russell Investments, are outside of the Company's control, and are subject to change.
CONTACT: Aine Cryts, Marketing Communications Manager 617.779.7802 firstname.lastname@example.org
|SOURCE AMICAS, Inc.|
Copyright©2009 PR Newswire.
All rights reserved