EMERGIS INC.

March 17, 2005 09:00 ET

Emergis Acquires NDCHealth's Canadian Claims Processing and Pharmacy Systems Businesses


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EMERGIS INC.

TSX SYMBOL: EME

MARCH 17, 2005 - 09:00 ET

Emergis Acquires NDCHealth's Canadian Claims
Processing and Pharmacy Systems Businesses

MONTREAL, QUEBEC--(CCNMatthews - March 17, 2005) - Emergis Inc.
(TSX:EME) today announced that it has acquired the Canadian claims
processing business of NDCHealth Corporation of Atlanta, Georgia
(NYSE:NDC) and that it has reached agreement with NDCHealth to acquire
its Canadian pharmacy systems business. The claims processing business
offers drug and dental insurance claims transport and switching to
insurance carriers and adjudicators, and the pharmacy systems business
offers technology solutions to pharmacies. Total consideration for the
two businesses is C$17.5 million in cash. The pharmacy systems
transaction is scheduled to close before the end of March, subject to
certain closing conditions.

"The acquisition of these NDCHealth businesses is clearly in line with
our strategy to strengthen our position in the Canadian health
technology sector and complement our existing operations," said Francois
Cote, President and Chief Executive Officer of Emergis. "The claims
processing business is a significant addition to our drug and dental
specialized network operations, bringing in important new clients to us.
The pharmacy systems business brings in major pharmacy chains as
clients, and expands our presence in pharmacy solutions across Canada."

NDCHealth's Canadian claims processing business, based in Toronto,
provides specialized network and claims processing services that support
the electronic exchange of more than 70 million drug and dental
insurance claims annually between health providers and insurance or
adjudication companies. Its Canadian pharmacy systems business, based in
Vancouver, provides pharmacy solutions that automate the prescription
fulfillment process as well as an integrated point-of-service solution
for in-store operations. With the pharmacy systems acquisition, Emergis
estimates that the number of pharmacies, for which it provides
technology solutions, will increase by about 500 to approximately 2,400.

The two transactions are expected to generate approximately $10 million
in additional revenue annually for Emergis.

About Emergis

Emergis powers business interactions, developing and managing solutions
that automate transactions and the secure exchange of information. With
expertise in electronic health-related claims processing and management
systems, payment enablement, and loan processing, Emergis delivers
solutions in Canada to the leading health insurance companies, the top
financial institutions, government agencies and about 1,900 pharmacies,
and to large enterprises in North America. The Company's shares (TSX:
EME) are included in the S&P/TSX Composite Index.

Certain statements made in this news release are forward-looking and are
subject to important risks, uncertainties and assumptions. The results
or events predicted in these forward-looking statements may differ
materially from actual results or events. These statements do not
reflect the potential impact of any non-recurring items or of any
dispositions, monetizations, mergers, acquisitions, other business
combinations or other transactions that may be announced or that may
occur after the date hereof. Other factors that could cause results or
events to differ materially from current expectations include, among
other things: general economic factors, adoption of eBusiness, adoption
rate of our solutions by clients, signing government contracts, response
to industry's rapid rate of change, competition, pricing, operating
results, the change of control following the sale by BCE Inc. of its
holdings in Emergis, acquisitions, failure or material change in our
strategic relationships including our relationship with Bell Canada,
exposure under contract indemnities, defects in software or failures in
the processing of transactions, security and privacy breaches, loss of
key personnel, our ability to protect intellectual property,
infringement claims on our intellectual property, and industry and
government regulation. For additional information with respect to
certain of these and other factors, refer to Emergis Inc.'s annual
report (management discussion and analysis) and the Emergis Inc. annual
information form (risks and uncertainties) filed with the Canadian
securities commissions.

THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE REPRESENT
THE EXPECTATIONS OF EMERGIS AND ITS SUBSIDIARIES AS AT MARCH 17, 2005
AND, ACCORDINGLY, ARE SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER,
EMERGIS AND ITS SUBSIDIARIES DISCLAIM ANY INTENTION OR OBLIGATION TO
UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF
NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Emergis Inc.
    Ann-Marie Gagne
    Media
    (450) 928-6361
    or
    Emergis Inc.
    John Gutpell
    Investors
    (450) 928-6856