MENTOR, Ohio and LOS ANGELES, Nov. 16 /PRNewswire/ -- SourceOne Healthcare
Technologies, Inc., the nation's leading distributor of medical imaging
systems, equipment, radiographic consumable supplies, and service to
healthcare providers, and CompuMed, Inc., (OTC Bulletin Board: CMPD), a
leading developer of computer-aided telemedicine and diagnostics technology in
the cardiology and musculoskeletal fields, today announced the companies have
signed a new nationwide distribution agreement.
Under the terms of the agreement, SourceOne will market and distribute
CompuMed's innovative DICOM OsteoGram(R) software that may be added to
existing computed radiography (CR) and digital radiography (DR) systems
enabling them to perform bone mineral density screening for early detection
and treatment of osteoporosis. This new capability will be introduced at the
90th Scientific Assembly and Annual Meeting of the Radiological Society of
North America (RSNA) in Chicago (November 29 - December 3). The DICOM
OsteoGram(R) will be on display at the SourceOne exhibit (McCormick Place
South Building, booth # 1919).
This breakthrough second-generation technology will give SourceOne's
customers the ability to use a simple hand x-ray to precisely determine bone
mineral density (BMD) as an indicator of osteoporosis and future fracture
risk. The hand x-ray film is scanned at the healthcare provider's office with
a standard desktop scanner, and the Automated OsteoGram(R) software analysis
program instantly produces a BMD report comparable to tests performed on the
expensive, dedicated BMD testing equipment generally found in hospitals and
specialty practices.
By enabling physicians everywhere to detect bone loss before fractures
actually occur, and intervene early in the disease stage with available
effective treatments, the Automated OsteoGram can play a major role in
reducing the incidence of osteoporosis, one of the world's most prevalent and
yet preventable diseases.
"One out of every two women over the age of 50 will experience an
osteoporosis-related fracture in her lifetime," said Jerry McLaughlin,
CompuMed president and CEO. "Yet many women do not realize that they are at
risk for osteoporosis until they suffer a fracture. Recognizing SourceOne's
excellent national distribution capabilities, and because the company is truly
dedicated to help improving women's health, we are excited about the
opportunity to provide cutting-edge women's health imaging solutions with a
new partner that understands our technology and complements our organization."
McLaughlin added, "With an investment that quickly pays for itself, the
DICOM OsteoGram(R) unique add-on solution, transforms an existing CR or DR
system into a bone density measurement system. This is a perfect fit for
SourceOne's large customer base of women's imaging centers, orthopedic offices
and hundreds of CR installations."
"We are committed to improving women's health," said Jerry C. Cirino,
SourceOne president and CEO. "CompuMed's DICOM OsteoGram(R) DICOM enables our
customers to provide convenient in-office osteoporosis testing whereby the
patient can be easily and quickly tested anywhere that there is an installed
CR or DR unit. Our national sales and service capabilities, coupled with a
dedicated team of women's health sales specialists, will enable us to bring
the benefits of CompuMed's technology to aid in the early detection and
treatment of osteoporosis."
About SourceOne Healthcare Technologies:
Headquartered in Mentor, Ohio, SourceOne Healthcare Technologies is a
leading provider of imaging equipment and radiographic supplies and services
tailored to healthcare facilities, including those transitioning to a digital
imaging environment. SourceOne offers broad lines of equipment and
consumables as well as e-logistics, sales professionals and field-service
engineers. Our wide offering enables customers to turn to SourceOne as the
best in class source for effective supply chain and medical imaging
management. SourceOne is a privately held company of Platinum Equity, a
global acquisitions firm specializing in the strategic operation of
mission-critical companies. Visit SourceOne at
http://www.sourceonehealth.com/.
About CompuMed:
Founded in 1973, CompuMed, Inc. (CMPD.OB) is a leading provider of
computer-aided telemedicine and diagnostics technology. The company's core
products are the OsteoGram(R) and CardioGram(R) systems. The OsteoGram(R),
which is cleared by the FDA for commercial use, is an accurate and precise
technology for low-cost osteoporosis testing. The CardioGram(R) system
remotely interprets electrocardiograms and is used by private practice,
government and corporate healthcare providers nationwide. The CardioGram(R)
has the additional capability to automatically provide an over-read (i.e.,
follow-up review) by a cardiologist. CompuMed is headquartered in Los
Angeles. Visit CompuMed at http://www.compumed.net. OsteoGram(R) is a registered
trademark of CompuMed, Inc.
CompuMed Safe Harbor Forward-Looking Statements
This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future
events or performance and underlying assumptions and other statements that are
other than statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and service
demand and acceptance, changes in technology, ability to raise capital,
availability of appropriate acquisition candidates and/or business
partnerships, economic conditions, impact of competition and pricing, capacity
and supply constraints or difficulties, government regulation and other risks
defined in this document. All such forward-looking statements whether written
or oral, and whether made by or on behalf of the Companies are expressly
qualified by these cautionary statements and any other cautionary statements
which may accompany the forward-looking statements. In addition, the Company
disclaims any obligation to update any forward-looking statements to reflect
events or circumstances after the date hereof.
SOURCE SourceOne Healthcare Technologies, Inc.
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Related links:
http://www.sourceonehealth.com
http://www.compumed.net
CONTACT:
Jennifer Barnwell, Marketing Communications
Manager of SourceOne Healthcare Technologies, +1-440-701-1200,
jennifer.barnwell@sourceonehealth.com; or Todd E. Appleman of The
Appleman Group, +1-323-850-7664,
tappleman@the-appleman-group.com, for SourceOne Healthcare
Technologies, Inc.; or Erik Deutsch, Media Relations of CompuMed,
Inc., +1-310-258-5000, invest@compumed.net
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