Healthscreen Solutions Inc.
TSX VENTURE : MDU

Healthscreen Solutions Inc.

December 14, 2010 08:30 ET

Healthscreen Signs First Pharmaceutical Partnership Agreement

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2010) - Healthscreen Solutions Inc. ("Healthscreen") (TSX VENTURE:MDU), Canada's premier provider of physician practice enhancement services and electronic medical record ("EMR") software, is pleased to announce its first pharmaceutical partnership with sanofi-aventis Canada Inc. Sanofi-aventis is a leader in Canada's pharmaceutical/biotech industry focusing on research and development as well as cardiology, thrombosis, oncology, metabolic disorders, central nervous system, internal medicine and vaccines. The partnership will assist Healthscreen in expanding its Chronic Condition Management ("CCM") offering while providing sanofi-aventis with a range of important clinical measurements to assist in research activities. 

"We are very excited to partner with sanofi-aventis as we continue to enhance our CCM offering which focuses on assisting diabetic patients in managing their condition. Sanofi-aventis is not only one of the largest, most reputable pharmaceutical companies in the world, but is a clear leader in diabetes research," said Justin Belobaba, Heathscreen's President and CEO. "With over 2 million Canadians living with diabetes, Healthscreen's CCM service will assist patients in managing their care, improving their health and therefore their quality of life. Healthscreen's goal is to be the most trusted healthcare partner to Canadian physicians and their patients and our CCM program is one step in the process of reaching this goal," added Mr. Belobaba.

"At sanofi-aventis, the health of Canadians is our top priority. We are pleased to partner with an innovative, entrepreneurial company such as Healthscreen. Their relationship with thousands of doctors is unmatched in the EMR industry and their innovative CCM service is an important step in the path towards improving patient health outcomes. We look forward to forming a long-term relationship with Healthscreen that will benefit not only our two companies, but much more importantly, all Canadians living with diabetes," noted Martha Smart, Regional Business Director, sanofi-aventis Canada Inc.

About Healthscreen Solutions Inc.:

Healthscreen Solutions Inc. (www.healthscreen.com) provides a comprehensive suite of practice enhancing 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 services and software are used by over 5,000 full-time physicians who are responsible for the health care of more than five million Canadians.

About sanofi-aventis:

Sanofi-aventis, a leading global pharmaceutical company, discovers, develops and distributes therapeutic solutions to improve the lives of everyone.

Sanofi-aventis is represented in Canada by the pharmaceutical company sanofi-aventis Canada Inc., based in Laval, Quebec, and by the vaccines company Sanofi Pasteur Limited, based in Toronto, Ontario. Together they employ more than 2,000 people across the country. With combined R&D investments of $181.6 million in 2009, they are leaders in Canada's biopharmaceutical sector, a critical knowledge-based industry that generates jobs, business and opportunity throughout the country.

© 2010 Healthscreen Solutions Inc. All Rights Reserved.

Disclaimer: Forward Looking Statements

This press release contains information that is forward looking information with respect to Healthscreen within the meaning of Section 138.4(9) of the Ontario Securities Act and other applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of theses terms or other similar expressions concerning matters that are not historical facts. In particular, statements about future revenues or profitability, including the estimated timing of profitability, and any other statements regarding Healthscreen's future expectations, beliefs, goals or prospects are or involve forward-looking information.

Forward-looking information is based on certain factors and assumptions. While the company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information, by its nature necessarily involves risks and uncertainties, including risks and uncertainties relating to government regulation and funding in the healthcare industry, financial and capital market risks, technology development and adoption, Healthscreen's ability to maintain its competitive position and effectively implement it's acquisition strategy, liability for software malfunction, management of growth, and length of sales cycles. Additional risks and uncertainties affecting Healthscreen can be found in Healthscreen's 2009 Annual Report and Management's Discussion and Analysis for the Fiscal Year ended September 30, 2009 filed on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Trading in the securities of Healthscreen should be considered highly speculative.

The TSX Venture Exchange has in no way approved nor disapproved the contents of this news release.

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