7 Medical Acquires Brazilian Company

Health IT service provider enters new market and takes its cloud-based service delivery model to Brazil

MINNEAPOLIS—January 13 , 2012—7 Medical Systems™, LLC, a leader in on‐demand digital imaging, electronic medical records (EMR) and revenue cycle management (RCM) solutions for healthcare, today announced the closing of its acquisition of Manager Consultoria em Informatica LTDA EPP. (“Manager Systems®”), a health informatics company providing practice management, EMR, radiology information systems (RIS) and picture archiving and communication systems (PACS) to hospitals and clinics in Brazil.

Based in Florianopolis, Brazil, Manager Systems (http://www.managersystems.com.br) is a health informatics company that develops and markets practice management, EMR, RIS and PACS primarily to imaging centers and clinics throughout Brazil. The company has 21 employees and has acquired 450 customers in its 20 year operating history.

7 Medical has acquired all of the assets of Manager Systems for an undisclosed amount. Manager Systems will retain all employees and continue to operate as a wholly-owned subsidiary of 7 Medical. The acquisition is 7 Medical’s first entrance into the Brazil and international markets. The companies share similar customer profiles and core competencies in their respective markets: hospitals, imaging centers, radiology groups and clinics in the small and medium marketplace.

“With a population of nearly 200 million people, Brazil is one of the world’s fastest growing major economies,” said Jason Studsrud, chief executive officer of 7 Medical Systems, LLC. “Manager Systems was a great match for us because of the alignment in strategy, market focus and similar product and service offerings. Besides opening up new markets, Manager Systems will enable us to expand our clinical and technical workforce in a more cost-effective and productive way.”

“We are pleased to cement the relationship with 7 Medical because of the synergies and shared vision for healthcare,” said Luiz Dantas, chief executive officer of Manager Systems. “We are looking forward to leveraging 7 Medical’s proven cloud-based service delivery model in the Brazilian market. Hospitals and clinics in Brazil will have access to our practice management, EMR, RIS and PACS solutions as a cloud-based service for an affordable monthly subscription fee. It’s the natural evolution of our business and product strategy.”

About 7 MEDICAL SYSTEMS, LLC

7 Medical Systems™, LLC (www.7medical.com) is a leading provider of cloud-based digital imaging, electronic medical records and revenue cycle management solutions for healthcare. The company delivers reliable, affordable cloud computing-based solutions to critical access hospitals, imaging centers, radiology groups and ambulatory clinics. Rather than investing capital to own and manage hardware and software in-house, healthcare facilities outsource these critical functions to 7 Medical. They trade in hefty capital expenses for more affordable monthly usage fees—paying only for what they use. 7 Medical’s clinical project managers enable facilities to efficiently automate workflows and integrate disparate systems to ensure successful integration, implementation and training. On-demand services are available anytime, anywhere, with 24/7 service and support and built-in disaster recovery, from a Type II SAS 70 certified and HIPAA-compliant data center. 7 Medical is headquartered in Minneapolis, Minnesota, and has a wholly-owned subsidiary in Florianopolis, Brazil.

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Media Contact

Loan D. Gordon
7 Medical Systems, LLC
612.230.7720
lgordon@7medical.com

Brazil
Luiz Dantas
Manager Consultoria em Informatica Ltda.
+55 48 2108-4000
luiz@managersystems.com.br