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Noteworthy Medical Systems, Inc. Secures Capital from Top European eHealth Provider and Closes on Merger with Strategic Partner
Date:2/18/2009

CLEVELAND, Feb. 18 /PRNewswire/ -- Noteworthy Medical Systems, Inc., a leading provider of connected healthcare technology solutions for the ambulatory sector, and CompuGROUP Holding AG, the leading European eHealth service provider with headquarters in Koblenz, Germany, announced today that CompuGROUP has completed a substantial equity investment in privately-held Noteworthy.

"CompuGROUP's investment will allow Noteworthy to continue to grow its market share and build on its unique ability to provide connectivity to health systems throughout the U.S. It is a natural and very significant, exciting next step in our strategic plan and vision of our future in healthcare technology," said Lawrence Dolin, Noteworthy's chairman of the board and chief executive officer.

The announcement comes in conjunction with Noteworthy's merger with strategic partner ChartConnect, Inc., based in Yakima, Wash., a provider of turn-key health information exchange (HIE) and web-based electronic health record (EHR) applications. Noteworthy has experienced unprecedented sales growth amidst the integration of both ChartConnect and MARS Medical Systems, Inc., based in Phoenix, Arizona, a leader in practice management solutions. Such strategic moves have completed Noteworthy's software suite, which includes web-based practice management and EHR applications, hastening the company's market share expansion and presence within the ambulatory space.

Noteworthy has added nearly 500 new providers and 1800 NetPracticeEHR/PM users to a customer base that extends across 43 states. Sales in 2008 were 68% over 2007, with record-breaking sales quarters in 2008.

"We've enjoyed steady growth in both sales and revenue this past year and we're anticipating an even more robust 2009," said Paul Ruflin, Noteworthy's president and chief operating officer. "Given the Obama administration's priority on funding healthcare IT initiatives
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SOURCE Noteworthy Medical Systems, Inc.
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