CLEVELAND, July 25 /PRNewswire/ -- Hyland Software Inc., developer of the OnBase enterprise content management (ECM) software suite, today announced a new partnership with Sapiens International Corporation N.V. (Nasdaq: SPNS; TASE), a member of the Formula Group (Nasdaq: FORTY; TASE: FORT). The partnership will provide insurance clients with tighter integration between Sapiens INSIGHT, a Web-based insurance administration suite, and Hyland Software's OnBase ECM software suite.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070110/CLW019LOGO )
Sapiens INSIGHT suite of insurance applications uses its powerful rules and tools capabilities to create robust yet agile applications designed to help insurers keep pace with changing economic and insurance market conditions, including increasing customer demands, and the growing effects of globalization and regulatory change. Sapiens INSIGHT provides policy, billing, claims and reinsurance management and can be used modularly or as an integrated suite. Sapiens INSIGHT is built on a rules-based system that is installed worldwide in more than 100 companies.
"Our insurance clients rely on Sapiens INSIGHT's rules based engine to streamline business processes throughout the organization," said Rami Doran, COO of Sapiens. "The ability of OnBase to seamlessly integrate documents and other electronic content across the enterprise enhances the overall functionality of the Sapiens INSIGHT suite. Insurance companies will benefit from a Web-based administration suite that improves workflow processes from one end to the other."
Hyland's OnBase ECM solution enables insurance companies to manage and distribute disparate information, documents and related data regardless of format within a single solution. By leveraging OnBase, insurers can reduce the time and cost of performing important business functions and achieve regulatory compliance through the management, control and sharing of digital content with employees, business units, remote offices, insurance agencies and customers.
"Hyland Software strives to deliver solutions that improve operational efficiencies and customer service for insurance organizations," said Ed McQuiston, director of Insurance Solutions for Hyland. "By partnering with Sapiens, we are continuing that dedication to our customers."
About Hyland Software Inc.
Established in 1991, Hyland Software Inc. is the developer of OnBase, a rapidly deployable suite of enterprise content management (ECM) software applications. OnBase is a leading solution for optimizing content-driven business processes throughout insurance enterprises. More than 200 insurance customers use OnBase's document imaging, process automation and content management capabilities to enhance process throughput, increase operating margins, improve customer service and minimize organizational risk. For more information about OnBase, please contact an Authorized OnBase Solution Provider or visit htttp://www.onbase.com/insurance.
About Sapiens International
Sapiens International Corporation N.V. (Nasdaq: SPNS; TASE), a member of Formula Group (Nasdaq: FORTY; TASE: FORT), which is a member of the Emblaze Group (London: BLZ.L) is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial Group, Prudential, ING, Menora and Occidental Fire & Casualty among others. For more information, please visit http://www.sapiens.com.
Thursday, August 2, 2007
Thursday, July 26, 2007
Aspen Announces Board Changes
Aspen Insurance Holdings Limited (the "Company") (NYSE:AHL - News) today announced that Prakash Melwani and Kamil Salame will be stepping down from the Board today. Mr. Melwani is a Senior Managing Director of Blackstone's Private Equity Group and Mr. Salame is a partner of DLJ Merchant Banking Partners. Blackstone and DLJ Merchant Banking Partners no longer own stakes in the Company after selling their remaining interests on July 3, 2007.
Richard Bucknall and Matthew B. Botein will be joining the Board today as Non-Executive Directors. Mr. Bucknall will chair the Company's Compensation Committee and will also sit on the Company's Audit Committee. Mr. Botein will be a member of the Company's Compensation Committee, Corporate Governance and Nominating Committee and Investment Committee.
Richard Bucknall brings an exceptional background in insurance broking to Aspen. Mr. Bucknall recently retired from the Willis Group where he was Vice Chairman and earlier held roles as Group Chief Operating Officer and Chairman/Chief Executive Officer of Willis Limited. He was responsible for leading the development of Willis' international network and played a crucial role in various strategic acquisitions. Mr. Bucknall is currently a Non-Executive Director of FIM Services Limited. He is a Fellow of the Chartered Insurance Institute.
Matthew B. Botein is a Managing Director and member of the Management Committee at Highfields Capital Management, a Boston-based investment management firm with in excess of $10 billion under management. At Highfields, he is responsible for the firm's investments in the financial services industry. Prior to joining Highfields, he was a Principal in the private equity department of The Blackstone Group. He currently serves on the boards of Cyrus Reinsurance Holdings Limited, a "sidecar" Highfields formed with XL Capital, and Integro Limited, an insurance broker, and previously was a member of the board of Aspen from its formation until 2003. He is a graduate of Harvard College and Harvard Business School.
Chris O'Kane, Chief Executive Officer of Aspen commented: "Both Prakash Melwani and Kamil Salame are excellent examples of how private equity can contribute to a company's vision and maturity, and I want to thank them for their time and personal commitment during their tenure on the Board. I am also delighted that Matt Botein is rejoining the Board. He knows Aspen well and I welcome the opportunity to work with him again. The addition of Richard Bucknall, an experienced and knowledgeable insurance broker provides a fresh perspective as we continue to develop and evolve."
Glyn Jones, Chairman of Aspen commented, "Prakash Melwani and Kamil Salame have been instrumental in helping to shape and position Aspen since our formation five years ago and I would like to thank them both for their contribution. It has been a pleasure to work with them. Both Matt Botein and Richard Bucknall bring a wealth of business experience in the insurance industry to our Board which I believe will be invaluable as we continue to grow our business globally. "
About Aspen Insurance Holdings Limited
Aspen is a Bermudian holding company providing property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and the United States and specialty insurance and reinsurance consisting mainly of marine and energy and aviation worldwide. Aspen's operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen has four operating segments: property reinsurance, casualty reinsurance, specialty insurance and reinsurance and property and casualty insurance. For more information about Aspen, please visit the Company's website at www.aspen.bm.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995
This press release contains written, and Aspen's officers may make related oral, "forward-looking statements" within the meaning of the U.S. federal securities laws regarding the appointment of Board members and changes in the Board. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," "estimate," "may," "continue," and similar expressions of a future or forward-looking nature.
All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen's control that could cause actual results to differ materially from such statements. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this release, please see the "Risk Factors" section in Aspen's Annual Report on Form 10-K for the year ended December 31, 2006, filed with the U.S. Securities and Exchange Commission on February 22, 2007.
Richard Bucknall and Matthew B. Botein will be joining the Board today as Non-Executive Directors. Mr. Bucknall will chair the Company's Compensation Committee and will also sit on the Company's Audit Committee. Mr. Botein will be a member of the Company's Compensation Committee, Corporate Governance and Nominating Committee and Investment Committee.
Richard Bucknall brings an exceptional background in insurance broking to Aspen. Mr. Bucknall recently retired from the Willis Group where he was Vice Chairman and earlier held roles as Group Chief Operating Officer and Chairman/Chief Executive Officer of Willis Limited. He was responsible for leading the development of Willis' international network and played a crucial role in various strategic acquisitions. Mr. Bucknall is currently a Non-Executive Director of FIM Services Limited. He is a Fellow of the Chartered Insurance Institute.
Matthew B. Botein is a Managing Director and member of the Management Committee at Highfields Capital Management, a Boston-based investment management firm with in excess of $10 billion under management. At Highfields, he is responsible for the firm's investments in the financial services industry. Prior to joining Highfields, he was a Principal in the private equity department of The Blackstone Group. He currently serves on the boards of Cyrus Reinsurance Holdings Limited, a "sidecar" Highfields formed with XL Capital, and Integro Limited, an insurance broker, and previously was a member of the board of Aspen from its formation until 2003. He is a graduate of Harvard College and Harvard Business School.
Chris O'Kane, Chief Executive Officer of Aspen commented: "Both Prakash Melwani and Kamil Salame are excellent examples of how private equity can contribute to a company's vision and maturity, and I want to thank them for their time and personal commitment during their tenure on the Board. I am also delighted that Matt Botein is rejoining the Board. He knows Aspen well and I welcome the opportunity to work with him again. The addition of Richard Bucknall, an experienced and knowledgeable insurance broker provides a fresh perspective as we continue to develop and evolve."
Glyn Jones, Chairman of Aspen commented, "Prakash Melwani and Kamil Salame have been instrumental in helping to shape and position Aspen since our formation five years ago and I would like to thank them both for their contribution. It has been a pleasure to work with them. Both Matt Botein and Richard Bucknall bring a wealth of business experience in the insurance industry to our Board which I believe will be invaluable as we continue to grow our business globally. "
About Aspen Insurance Holdings Limited
Aspen is a Bermudian holding company providing property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and the United States and specialty insurance and reinsurance consisting mainly of marine and energy and aviation worldwide. Aspen's operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited, Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen has four operating segments: property reinsurance, casualty reinsurance, specialty insurance and reinsurance and property and casualty insurance. For more information about Aspen, please visit the Company's website at www.aspen.bm.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995
This press release contains written, and Aspen's officers may make related oral, "forward-looking statements" within the meaning of the U.S. federal securities laws regarding the appointment of Board members and changes in the Board. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," "estimate," "may," "continue," and similar expressions of a future or forward-looking nature.
All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen's control that could cause actual results to differ materially from such statements. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this release, please see the "Risk Factors" section in Aspen's Annual Report on Form 10-K for the year ended December 31, 2006, filed with the U.S. Securities and Exchange Commission on February 22, 2007.
Sunday, July 22, 2007
American Physicians Capital, Inc. Announces Change in Dates to Release Second Quarter 2007 Results and Host Teleconference
American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP - News) will release its second quarter 2007 earnings on Friday, July 20, 2007. The news release will also be available on APCapital's website at http://www.apcapital.com within the For Investors section under Press Releases.
A conference call to discuss second quarter 2007 financial results will be held at 10:00 a.m. Eastern Time on Monday, July 23, 2007. The call will be hosted by APCapital President and Chief Executive Officer R. Kevin Clinton and Chief Financial Officer Frank H. Freund.
The call will be available through a live Webcast in a listen-only format at APCapital's website. A telephone replay will be available approximately one hour after the call and will be archived through Thursday, July 26, 2007. To access the replay dial 1-888-286-8010, for international callers dial 617- 801-6888, and enter the conference passcode: 68625176. The Webcast will also be archived and can be accessed by going to APCapital's website and selecting For Investors.
American Physicians Capital, Inc. is a regional provider of medical professional liability insurance focused primarily in the Midwest markets through American Physicians Assurance Corporation and its other subsidiaries. Further information about the companies is available on the Internet at http://www.apcapital.com.
A conference call to discuss second quarter 2007 financial results will be held at 10:00 a.m. Eastern Time on Monday, July 23, 2007. The call will be hosted by APCapital President and Chief Executive Officer R. Kevin Clinton and Chief Financial Officer Frank H. Freund.
The call will be available through a live Webcast in a listen-only format at APCapital's website. A telephone replay will be available approximately one hour after the call and will be archived through Thursday, July 26, 2007. To access the replay dial 1-888-286-8010, for international callers dial 617- 801-6888, and enter the conference passcode: 68625176. The Webcast will also be archived and can be accessed by going to APCapital's website and selecting For Investors.
American Physicians Capital, Inc. is a regional provider of medical professional liability insurance focused primarily in the Midwest markets through American Physicians Assurance Corporation and its other subsidiaries. Further information about the companies is available on the Internet at http://www.apcapital.com.
Tuesday, July 10, 2007
RemedyMD Acquires EZHealthcare, a Leading Provider of Revenue Cycle Management Software and Services
Integration of Clinical Information and Practice Management Data Delivers Benefit to Practices
the market leader in the use of predictive informatics to recognize patterns, personalize treatment and measurably improve healthcare outcomes, today announced it has signed a definitive agreement to acquire privately held EZHealthcare, Inc.®, a leading provider of automated revenue cycle management solutions. EZHealthcare, also headquartered in Salt Lake City, UT, was founded in 1988 and provides an award-winning practice management solution to over 1900 medical practices nationwide. The terms of the acquisition were not disclosed.
Customers of RemedyMD and EZHealthcare will both benefit as the companies merge to create a comprehensive and fully integrated clinical and revenue cycle solution. EZHealthcare's products will be web-enabled and utilize the RemedyMD Mosaic(TM) platform, providing the latest internet-based technology to EZHealthcare customers. EZ Office(TM), EZHealthcare's practice management suite, will be available to RemedyMD customers and to practices seeking to realize the ROI benefits available from an integrated clinical and revenue-cycle management system. EZ EHR(TM), a new Web-based EHR designed for primary care practices, will be offered to EZ Office customers. Practices that use EZ Office or EZ EHR, and their patients, will benefit from RemedyMD's industry-leading patient portal, myHealthManager(TM).
"Previously, we were able to assist our customers by capturing and leveraging detailed clinical data," said Gary Kennedy, president and CEO of RemedyMD. "Now, we can offer the best of both worlds: the best data to facilitate the best decisions that lead to optimal outcomes, and a revenue cycle management system that enables clinical documentation to drive correct coding levels as well as provides support for outcomes-oriented initiatives such as P4P and PQRI."
"We joined the RemedyMD family in order to provide a complete healthcare solution for practices and clinics," said Derek Cordon, President of EZHealthcare. "We have always known that there would be a major advantage to practices that use integrated clinical and financial systems from the same vendor. We began to build the additional products we needed, but when we saw RemedyMD's platform it became obvious that we could better meet the needs of our customers by combining efforts."
"We've spent the last five years assembling a team of specialized product development talent and building one of the most advanced platforms available," said Roberto Rocha, RemedyMD's Chief Medical Officer and Lead Informaticist. "We can take the expertise and content developed by EZHealthcare over all these years and immediately put it to work on our platform. This will help us provide one more element in our quest to provide a 360 degree view of all patients."
This strategic product and technology acquisition expands the breadth of the RemedyMD Mosaic(TM) platform. The acquisition is expected to give RemedyMD expanded market opportunities by providing new product entry-points as well as cross-sell opportunities. In addition, RemedyMD will use existing EZHealthcare staff to augment its team in management, client services, and sales. The new support team will be based in Burley, ID which will become RemedyMD's nationwide support center. For more information, please visit www.RemedyMD.com
ABOUT REMEDYMD
RemedyMD® is the market leader in the use of predictive informatics to recognize patterns, personalize treatment, and measurably improve healthcare outcomes. Better outcomes become possible by using the RemedyMD Mosaic platform to collect, aggregate, and analyze the data necessary to obtain a 360 degree view of patients. Access to an integrated view of all data enables physicians, hospitals, researchers, patients, and payers to make better healthcare decisions and track results to determine the appropriateness of the decision. RemedyMD's internet-based products generate an immediate and tangible ROI, and deliver a seamless transition from legacy systems to today's new pay-for-performance, outcome-oriented world.
Better Data. Better Decisions. Better Outcomes.
RemedyMD and EZHealthcare are registered trademarks of RemedyMD. EZ EHR, Mosaic and myHealthManager are trademarks of RemedyMD.
the market leader in the use of predictive informatics to recognize patterns, personalize treatment and measurably improve healthcare outcomes, today announced it has signed a definitive agreement to acquire privately held EZHealthcare, Inc.®, a leading provider of automated revenue cycle management solutions. EZHealthcare, also headquartered in Salt Lake City, UT, was founded in 1988 and provides an award-winning practice management solution to over 1900 medical practices nationwide. The terms of the acquisition were not disclosed.
Customers of RemedyMD and EZHealthcare will both benefit as the companies merge to create a comprehensive and fully integrated clinical and revenue cycle solution. EZHealthcare's products will be web-enabled and utilize the RemedyMD Mosaic(TM) platform, providing the latest internet-based technology to EZHealthcare customers. EZ Office(TM), EZHealthcare's practice management suite, will be available to RemedyMD customers and to practices seeking to realize the ROI benefits available from an integrated clinical and revenue-cycle management system. EZ EHR(TM), a new Web-based EHR designed for primary care practices, will be offered to EZ Office customers. Practices that use EZ Office or EZ EHR, and their patients, will benefit from RemedyMD's industry-leading patient portal, myHealthManager(TM).
"Previously, we were able to assist our customers by capturing and leveraging detailed clinical data," said Gary Kennedy, president and CEO of RemedyMD. "Now, we can offer the best of both worlds: the best data to facilitate the best decisions that lead to optimal outcomes, and a revenue cycle management system that enables clinical documentation to drive correct coding levels as well as provides support for outcomes-oriented initiatives such as P4P and PQRI."
"We joined the RemedyMD family in order to provide a complete healthcare solution for practices and clinics," said Derek Cordon, President of EZHealthcare. "We have always known that there would be a major advantage to practices that use integrated clinical and financial systems from the same vendor. We began to build the additional products we needed, but when we saw RemedyMD's platform it became obvious that we could better meet the needs of our customers by combining efforts."
"We've spent the last five years assembling a team of specialized product development talent and building one of the most advanced platforms available," said Roberto Rocha, RemedyMD's Chief Medical Officer and Lead Informaticist. "We can take the expertise and content developed by EZHealthcare over all these years and immediately put it to work on our platform. This will help us provide one more element in our quest to provide a 360 degree view of all patients."
This strategic product and technology acquisition expands the breadth of the RemedyMD Mosaic(TM) platform. The acquisition is expected to give RemedyMD expanded market opportunities by providing new product entry-points as well as cross-sell opportunities. In addition, RemedyMD will use existing EZHealthcare staff to augment its team in management, client services, and sales. The new support team will be based in Burley, ID which will become RemedyMD's nationwide support center. For more information, please visit www.RemedyMD.com
ABOUT REMEDYMD
RemedyMD® is the market leader in the use of predictive informatics to recognize patterns, personalize treatment, and measurably improve healthcare outcomes. Better outcomes become possible by using the RemedyMD Mosaic platform to collect, aggregate, and analyze the data necessary to obtain a 360 degree view of patients. Access to an integrated view of all data enables physicians, hospitals, researchers, patients, and payers to make better healthcare decisions and track results to determine the appropriateness of the decision. RemedyMD's internet-based products generate an immediate and tangible ROI, and deliver a seamless transition from legacy systems to today's new pay-for-performance, outcome-oriented world.
Better Data. Better Decisions. Better Outcomes.
RemedyMD and EZHealthcare are registered trademarks of RemedyMD. EZ EHR, Mosaic and myHealthManager are trademarks of RemedyMD.
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