Agreement Provides Advanced Health IT solutions to Florida, the Caribbean and opportunity to expand into the Central and South American markets
HORSHAM, Pa.--(BUSINESS WIRE)--Jun 13, 2012-- NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions, and Dell announced today an agreement with Puerto Rico Hospital Supply, Inc. to jointly market and deliver advanced technology solutions and services to medical practices of all sizes and physician networks throughout Florida, the Caribbean, and opportunity to expand into the Central and South American markets.
Under the agreement, Puerto Rico Hospital Supply, Inc. will market, sell and support NextGen(R) Ambulatory EHR, NextGen(R) Practice Management, and other NextGen(R) solutions as components of Dell's Electronic Medical Records (EMR) platform for hospitals and physicians. Using the latest cloud technology platform, Dell will provide hosting services for the NextGen(R) applications to simplify access and data management for Puerto Rico Hospital Supply, Inc.
"Puerto Rico Hospital Supply Inc.'s presence in the Caribbean and Latin America, coupled with Dell's global market reach, allows NextGen Healthcare to introduce our solutions and expand our market reach into these new markets. This opportunity presents a new revenue stream for our market-leading advanced technological solutions, allowing us to capture additional market share beyond the U.S.," explained Scott Decker, president of NextGen Healthcare. "Puerto Rico Hospital Supply, Inc., Dell and NextGen Healthcare are committed to delivering leading-edge solutions that will assist healthcare providers in the delivery of higher quality, better coordinated patient care." "Dell is committed to simplifying access and use of EMR for providers of all sizes, and we are pleased to work with NextGen to expand the availability of this solution," said James Coffin, Ph.D., vice president and general manager of Dell Healthcare and Life Sciences.
"With secure healthcare cloud solutions, we can help providers adopt important technology upgrades - such as EMR systems - that otherwise would be resource and cost prohibitive." Puerto Rico Hospital Supply, Inc. looks forward to offering our customers advanced, top-tier healthcare IT solutions," said Felix Santos, president of Puerto Rico Hospital Supply, Inc. "We believe our partnership with Dell and NextGen Healthcare will empower Puerto Rico and the many other markets we serve to deliver higher quality coordinated patient care." About NextGen Healthcare NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc., provides integrated clinical, financial and connectivity solutions for ambulatory, inpatient and dental provider organizations. For more information, please visit www.nextgen.com and www.qsii.com. Follow NextGen Healthcare on Twitter at www.twitter.com/nextgen or Facebook at http://www.facebook.com/NextGenHealthcare.
About Puerto Rico Hospital Supply, Inc.
Puerto Rico Hospital Supply Inc. has remained for more than 65 years the oldest, most dominant and respected medical supplies distributor in Puerto Rico. Puerto Rico Hospital Supply, Inc. and its related companies Customed, Inc. and Customed USA provide the most comprehensive medical solutions for the healthcare providers at private and public hospitals, surgery centers, diagnostic, and treatment centers, clinics, home care agencies and physician offices based settings in the Caribbean, Central and South America, and Southeast region of the United States. For more information, visit www.prhospital.com and www.customedhealing.com This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future (including, without limitation, statements concerning revenue and net income), are forward-looking statements within the meaning of these laws and involve a number of risks and uncertainties. Management believes that these forward-looking statements are reasonable and are based on reasonable assumptions and forecasts, however, undue reliance should not be placed on such statements that speak only as of the date hereof.
Moreover, these forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: volume and timing of systems sales and installations; length of sales cycles and installation process; the possibility that the products will not achieve market acceptance; seasonal patterns of sales and customer buying behavior; the development by competitors of new or superior technologies; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; undetected errors or bugs in software; product liability; changing economic, political or regulatory influences in the health-care industry; changes in product-pricing policies; availability of third-party products and components; competitive pressures including product offerings, pricing and promotional activities; the Company's ability or inability to attract and retain qualified personnel; possible regulation of the Company's software by the U.S. Food and Drug Administration; uncertainties concerning threatened, pending and new litigation against the Company including related professional services fees; uncertainties concerning the amount and timing of professional fees incurred by the Company generally; changes of accounting estimates and assumptions used to prepare the prior periods' financial statements; general economic conditions; and the risk factors detailed from time to time in Quality Systems' periodic reports and registration statements filed with the Securities and Exchange Commission. A significant portion of the Company's quarterly sales of software product licenses and computer hardware is concluded in the last month of the fiscal quarter, generally with a concentration of such revenues earned in the final ten business days of that month. Due to these and other factors, the Company's revenues and operating results are very difficult to forecast. A major portion of the Company's costs and expenses, such as personnel and facilities, are of a fixed nature and, accordingly, a shortfall or decline in quarterly and/or annual revenues typically results in lower profitability or losses. As a result, comparison of the Company's period-to-period financial performance is not necessarily meaningful and should not be relied upon as an indicator of future performance. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright 5/8 2012 NextGen Healthcare Information Systems, LLC. All rights reserved.
NextGen and NextPen are either registered trademarks or trademarks of NextGen Healthcare Information Systems, Inc. in the United States and/or other countries. All other names and marks are property of their respective owners.
CONTACT: NextGen Healthcare Michelle Rovner, 215-657-7010 firstname.lastname@example.org KEYWORD: UNITED STATES NORTH AMERICA CARIBBEAN PUERTO RICO PENNSYLVANIA INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE SOFTWARE PRACTICE MANAGEMENT HEALTH DENTAL HOSPITALS RADIOLOGY OTHER HEALTH NURSING MANAGED CARE SOURCE: NextGen Healthcare Copyright Business Wire 2012 PUB: 06/13/2012 01:27 PM/DISC: 06/13/2012 01:27 PM http://www.businesswire.com/news/home/20120613006354/