MediSolution Ltd.

MediSolution Ltd.

July 02, 2008 17:00 ET

Eastern Health Selects MediSolution's Virtuo HR Solution for Regional Deployment

MONTREAL, QUEBEC--(Marketwire - July 2, 2008) - MediSolution Ltd. (TSX:MSH), today announced that Eastern Health, the largest integrated health organization in Newfoundland and Labrador, will expand the deployment of MediSolution's comprehensive Virtuo Human Resource (HR) solution throughout its organization. The contract which includes Virtuo HR's, Recruitment, Personnel and Training modules will be implemented over the next 12 months.

Formed in 2005 from the merger of seven health organizations, Eastern Health provides a full continuum of health care services to a regional population of more than 290,000 throughout Newfoundland and Labrador. The region employs more than 12,000 health care and support services professionals at more than 80 hospitals, health care centres, long-term care facilities and community health offices.

Virtuo HR is a modular, fully integrated strategic Human Resources management solution specifically designed to streamline and simplify the complex administration of a healthcare facility's most important resource - its people. The user friendly solution provides HR professionals with the tools they need to manage employee information across the entire organization, while ensuring smooth integration with third party payroll, scheduling and financial systems. Eastern Health will be implementing the following modules:

- Personnel Module - stores and provides instant access to all critical healthcare employee information and also facilitates appraisals and job evaluations with links to mandated training data.

- Recruitment Module - manages and facilitates the administration of all aspects of the healthcare recruitment process, including tracking recruitment costs and candidate competencies.

- Training Module - manages all aspects of the healthcare employee's training, including tracking of training needs, courses taken, competencies achieved, course and booking management, and identifying costs by cost center.

"One of our legacy boards, the Health Care Corporation of St. John's, implemented Virtuo HR in 2003 and found the product to be highly flexible," said Valerie Butler, Director of Human Resources Client Services at Eastern Health. "We have been able to easily customize the system to suit our unique needs and we look forward to deploying the system throughout the entire Organization."

Virtuo HR provides the critical information needed for healthcare organizations to manage and track the details and costs behind recruitment and retention. The system also provides the ability to share this critical data, which includes employee demographics, absences, career and salary information, and benefit and banking details, between departments, ensuring the integrity and accuracy of employee data.

"We are excited to see our Virtuo HR solution expanding throughout the Eastern Health region, said Paul Lepage, president and chief executive officer, MediSolution Ltd. "Our comprehensive and proven Virtuo HR system will provide Eastern Health with a common regional HR database which will be integrated with the region's MEDITECH clinical system."

About MediSolution

MediSolution (TSX:MSH), a Brookfield Asset Management company, is a leading healthcare and public sector information technology company, providing software, solutions and services to customers across North America. More than 500 hospitals and other healthcare facilities and close to 200 public sector and related organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs, and improve the delivery of services. MediSolution has two operating segments. The Resource Management Systems segment is comprised of Financial Management software such as accounts receivable, budgeting and materials management as well as Human Capital Management tools including human resource management, staff scheduling and payroll processing. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, pharmacy, radiology and laboratory software for healthcare organizations.

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This press release contains "forward-looking statements" regarding MediSolution's Virtuo HR solution and the contract with Eastern Health. The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known an unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include failure to secure additional customer interest in the Virtuo HR, the product's'failure to generate anticipated business efficiencies and value for the client and the cancellation of the contract with Eastern Health.

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