MONTREAL, August 28, 2014 — TECSYS Inc. (TSX: TCS), the leading provider of supply chain management solutions for health systems, today announced the addition of three major health systems to its customer base, reinforcing the Company’s market-leading position in this industry. These three major health systems selected TECSYS to transform their supply chains to reach new levels of efficiency, remove risks associated with product accuracy and improve service delivery to their patients.
"The rapid rate of change healthcare organizations are facing has driven the adoption rate of our health system solutions to a record high," said Berty Ho-Wo-Cheong, CFO of TECSYS. "The three significant wins we announced today have all come since the beginning of fiscal 2015 as we continue to expand our penetration of the health systems’ market. The growing acceptance of our solutions reflects our success in helping organizations take control of their supply chain from source to patient, in the process saving their organizations millions of dollars."
The three new health systems are:
The largest rural, not-for-profit health system in the United States with 39 hospitals, 140 clinics and 36 long-term care facilities. Located in the north-central part of the U.S., it employs more than 26,000 professionals and over 1,300 physicians across more than 80 speciality areas of medicine. The organization is experiencing dynamic growth through its dedication to exceptional care and improving the human condition through research and innovation.
An award-winning integrated health system that employs over 25,000 professionals at four hospitals and a number of clinics in the western part of the United Sates. Each year this health system accepts over 65,000 admissions and performs more than 48,000 surgical procedures. Their mission is to improve the health of the public by advancing medical knowledge and providing outstanding primary and specialty care to people with the latest in medical discovery, treatments and technology.
A world-class healthcare organization awarded the American Nurses Credentialing Center Magnet designation for quality patient care. With more than one million patient visits per year, this health system has more than 15,000 employees and 2,200 physicians at eight hospitals and a large number of clinics in the southern part of the United States. The organization recognizes the importance of innovation and technology and embraces them to improve the quality and safety of patient care. It invests in leading-edge technology and continually strives to improve efficiency and cost control by implementing innovative best practices.
TECSYS equips health systems to transform their operations into a transparent, efficient and optimized supply chain network through to point of care. Clinicians can dedicate their time to patient care, while behind the scenes TECSYS’ health system-specific software solutions ensure on-time delivery of supplies for patient-centric care.
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include over 600 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2013. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR.