Healthscreen Solutions Inc.
TSX VENTURE : MDU

Healthscreen Solutions Inc.

May 20, 2009 16:00 ET

Healthscreen Secures Extension of Existing Loan Facilities

TORONTO, ONTARIO--(Marketwire - May 20, 2009) - Healthscreen Solutions Inc. (TSX VENTURE:MDU), the leading Canadian provider of physician practice enhancement services and electronic medical record software, announced today that it has amended its existing debt financing agreements with Wellington Financial LP to extend the maturity to May 14, 2011 and to amend certain financial covenants.

About Healthscreen Solutions

Healthscreen Solutions (www.healthscreen.com) provides a comprehensive suite of practice enhancement products and services to increase physician productivity and revenue while reducing costs and improving patient care. The Company's portfolio includes billing and scheduling software, electronic medical records software, CallerMD which assists physicians in managing a range of uninsured medical services, PrevCareMD which helps physicians earn supplemental income by achieving government-set preventive care targets, and HealthAlert which allows physicians to help their patients in managing complex healthcare issues. Healthscreen's and its partners' services and software are used by over 8,000 full-time physicians who are responsible for the health care of more seven million Canadian patients. For more information, visit www.healthscreen.com.

About Wellington Financial LP

Wellington Financial LP is a privately held specialty finance firm providing operating lines of credit, term, venture and amortizing loans up to $40 million. Wellington Financial LP is currently deploying a $450 million investment program via its third fund. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (TSX:CVG), who jointly have contributed a large financial stake to Fund III. Limited partners include several of Canada's largest institutional investors, crown corporations, financial institutions and pension funds. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.

Disclaimer:

Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The company assumes no obligation to update any forward-looking statements contained in this release. Trading in the securities of Healthscreen should be considered highly speculative.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Healthscreen Solutions Inc.
    Amir Nayeri
    Director Corporate Development
    1-866-534-DOCS ext. 7107
    nayeri@healthscreen.com