SOURCE: I-trax

September 20, 2007 10:39 ET

I-trax/CHD Meridian Healthcare Continues Strong Growth

Now Operating Health Centers in 35 States

CHADDS FORD, PA--(Marketwire - September 20, 2007) - I-trax, Inc. (AMEX: DMX), a health and productivity management company and the holding company of CHD Meridian Healthcare, LLC, announced that it has opened six new workplace-based health care centers since the end of the second quarter.

With the addition of the new locations, CHD Meridian operates 231 on-site healthcare centers and pharmacies for 105 clients and is now managing workplace health services in 35 states after opening a free-standing pharmacy in Rhode Island earlier this month.

"We have seen a considerable increase in our pipeline metrics during 2007 -- in both the number of opportunities and in the potential dollar volume per opportunity," said Frank A. Martin, chairman of I-trax. "We are also experiencing significant growth in the workplace primary care and pharmacy model."

In addition to the new sites that have opened, CHD Meridian Healthcare is actively engaged with new and existing clients to finalize contracts that will result in 32 new centers to be opened in the next 12 to 24 months. The company has recently had a number of new business "wins" including: a large multi-site engagement in the Midwest; new primary care and pharmacy centers for two existing clients in the Southeast; and a lift out for a company in the western United States. In its most recent win, the company was awarded a new primary care and pharmacy location that will be the largest to date for CHD Meridian Healthcare.

"Many of these recent wins are for integrated workplace primary care centers and pharmacies," Martin said. "Although the sales and implementation cycles for these transactions are longer, they typically provide higher revenue and margin per site," he added. "We believe that the investments that we have made in demonstrating the clinical effectiveness and the potential cost savings of integrating primary care and pharmacy at the workplace are fueling acceptance and growth of this model."

About I-trax

I-trax is a leading provider of integrated workplace health and productivity management solutions. Serving 105 clients in 35 states, I-trax offers on-site health centers through its CHD Meridian Healthcare, LLC subsidiary, which delivers primary care, acute care corporate health, occupational health and pharmacy care management services as well as integrated disease management, wellness and lifestyle management programs. I-trax provides a comprehensive solution utilizing telephonic and e-health tools to enhance the trusted relationship established by our clinicians at the worksite. CHD Meridian is focused on making the workplace safe, helping companies achieve employer of choice status, reducing costs while improving the quality of care received and the productivity of the workforce. Managing employer-sponsored health centers for over 40 years, some of CHD Meridian Healthcare's clients include: BMW, Blue Ridge Paper, Coors Brewing Company, Coushatta Casino Resort, Fieldale Farms, Horizon Blue Cross Blue Shield of New Jersey, Lowes, Toyota and UnumProvident. For more information, visit www.chdmeridian.com.

Safe Harbor Statement: This news release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated; including those risks detailed in I-trax's filings with the Securities and Exchange Commission, and should be read in light of these risks.

Contact Information

  • Company Contact:
    Michele Hart-Henry
    I-trax, Inc.
    (610) 459-2405 x109
    Email Contact

    Public Relations Contact:
    Lindsay Rubin
    Edelman
    (212) 704-8227
    Email Contact

    Investor Relations Contact:
    Howard Gostfrand
    American Capital Ventures, Inc.
    (305) 918-7000
    Email Contact

    4 Hillman Drive, Suite 130
    Chadds Ford, PA 19317
    (610) 459-2405
    www.i-trax.com