CareTech Solutions To Acquire IGCN

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Mon Nov 2, 2009 11:39am EST

Healthcare web products and services companies combine, expanding product
portfolio and client base




TROY, Mich., Nov. 2 /PRNewswire/ -- CareTech Solutions, Inc.
(www.caretechsolutions.com) announced today the firm has reached agreement in
principle to acquire IGCN (www.IGCN.com). CareTech Solutions is an information
technology and web products and services provider for hospitals and health
systems and IGCN provides solutions for hospitals to build and manage robust
websites. With the acquisition of IGCN, CareTech Solutions increases its
client base while adding intellectual and technical capabilities to its
portfolio. Terms of the agreement were not disclosed.

"We are very pleased to welcome IGCN clients and employees to the CareTech
family. We look forward to servicing the clientele and truly believe the
collective client bases will share in exciting benefits and opportunities
moving forward," said Chris Catallo, CareTech's executive director of web
products and services. "At the same time, combining forces with IGCN
strengthened our eHealth platform. The combination of products and
technologies we will offer to the market will continue to be industry
changing!" 

CareTech Solutions began offering its CareWorks CMS(TM) content management
system for hospitals and healthcare systems in 2005. CareWorks is an
integrated information exchange that provides hospitals and healthcare systems
with a web solution to support physicians, patients, hospital staff, board
members and the community. CareTech clients are primarily community-based
hospitals and health systems that are comprehensive providers of acute care
and outpatient services. With the addition of IGCN's product offering,
CareTech Solutions will further expand their portfolio for the healthcare
industry.

Interactive Global Communications Network (IGCN), a privately held company,
was founded in 1997 in Easton, PA and is currently providing content
management systems for many clients including dozens of healthcare providers.
IGCN advanced the use content management systems in the healthcare industry
through focus on the user experience.  IGCN's unique approach to content
management and web design has enabled the company to attract and retain a
client base nation wide.

"CareTech Solutions operates with the same focus on integrity and quality that
have been the hallmark of IGCN while offering enterprise solutions and more
services. It's clear both companies hold a similar vision and this combination
will benefit our customers and the market," said Christopher E. Smith,
President and CEO of IGCN. "CareTech's strong foundation in healthcare web and
information technologies will benefit both our current customers and
transitioning employees."

About CareTech Solutions, Inc.
CareTech Solutions, Inc., an information technology and Web products and
services provider for hospitals and health systems, creates value for clients
through customized solutions that contribute to improving patient care while
lowering healthcare costs. From implementing emerging technologies to
supporting day-to-day operations, CareTech offers clients expert services
across the entire patient data lifecycle. 

CareTech Solutions won a coveted 2008 Best in KLAS award for the IT
Outsourcing (Extensive) segment, as ranked by healthcare executives and
professionals in the 2008 Top 20 Best in KLAS Awards report.  CareTech's Best
in KLAS distinction follows the company's achievement of leading overall
performance scores in KLAS' 2008 Extensive IT Outsourcing Study.  CareTech's
overall performance score was 94.6 on a 100-point scale - the top score among
six competing extensive IT outsourcing firms cited in the report, and the
highest score KLAS has measured since first measuring extensive IT outsourcing
performance in 2005. CareTech earned 100-percent scores in each of the
"business indicator" categories of Would You Buy it Again, Avoids
Nickel-and-Diming, Keeps all Promises, Services Delivered within Budget/Cost
and Would You Recommend to a Friend/Peer.

Information Technology services - Web Services - Document Imaging and
Management  - CableCare(TM) structured cabling and wiring

For more information, please visit www.caretechsolutions.com. 

SOURCE  CareTech Solutions, Inc.

Jody Meehan, Director, Marketing and Communications, CareTech Solutions,
+1-248-823-0900, jody.meehan@caretechsolutions.com, or Anne Santori, Public
Relations Manager, CareTech Solutions, +1-248-823-0908,
anne.santori@caretechsolutions.com
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