MediSolution Ltd.

MediSolution Ltd.


May 20, 2005 11:56 ET

Microserv Signs Contract To Acquire MediSolution's Site Management Division

MONTREAL, QUEBEC--(CCNMatthews - May 20, 2005) - MediSolution (TSX:MSH) announced today that Microserv has signed a contract to purchase MediSolution's site management division. The Site Management business provides outsourced personnel to five healthcare facilities in the Montreal region to operate the IT and network environments for these facilities. The business generates revenue of approximately $1.2 million per year. This transaction will result in the transfer of five contracts and reassignment of 16 MediSolution employees to Microserv effective May 1, 2005. MediSolution has also chosen Microserv as a preferred supplier of information technology hardware to service its base of customers in Canada.

This acquisition is in line with the strategic orientation of both companies. MediSolution's strategy is to develop, market and implement software solutions for the healthcare and public sector markets while Microserv is focused on the resale of information technology products and the supply of technical and professional services.

"The addition of MediSolution's customers and our partnership will strengthen our position in the healthcare market and accelerate the delivery of services in Quebec", said Christian Desrochers, Vice President, Technical and Professional Services at Microserv. "Our company is renowned for its efficiency and the quality of its staff and delivery of its services."

Customers affected by this transaction will continue to get the best service currently available as their software needs will continue to be met by MediSolution's product suite and, in addition, will be able to take advantage of the following services offered by Microserv:

- Equipment and Software Purchasing

- Technical Services

- Network Infrastructure Solutions (Access, Security, Storage)

- Staffing (Site Management)

"The divestiture of the Site Management business to Microserv is in line with MediSolution's continued focus on its core software products and systems integration services," said Allan Lin, President and Chief Executive Officer, MediSolution. "This agreement will also ensure that both organizations continue to maintain strong customer relationships in the Quebec healthcare market and that our customers receive the same high standard of service."

About Microserv

Microserv has been involved in the Quebec computer market since 1982 and is now the largest reseller of computer products in Quebec and a renowned supplier of professional services and technological solutions. Microserv is part of the Hartco distribution network, having access to a network of more than 120 franchisees and resellers in Canada.

With more than 160 IT professionals in Quebec and sales exceeding $130 M, Microserv is one of the fastest growing computer company in the province, operating in several business sectors, including healthcare, government and commercial markets.

About MediSolution

MediSolution is a leading healthcare information technology company, providing software, solutions and services to healthcare customers across North America. More than 500 hospitals, home care facilities and other healthcare providers rely on MediSolution's systems to maximize their operational efficiencies, lower their costs, and improve the delivery of healthcare services. MediSolution has two operating segments. The Resource Management Systems segment is comprised of administrative software solutions such as human resource management, staff scheduling, payroll processing and financial software. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, radiology and laboratory software for hospitals.

MediSolution is publicly traded (TSX:MSH), and has a staff of approximately 330 employees who operate from the Company's Montreal, Quebec headquarters and offices in Canada and the United States. For more information, visit

Contact Information