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Press Releases
Delphi Medical Systems Acquires Caretools
Release Date: June 29, 2005
TROY, Mich. -- Delphi Medical Systems, a subsidiary of Delphi Corp. (NYSE: DPH), acquired the principal assets of Caretools, a provider of technologically advanced electronics medical record, EMR, systems. "Delphi Medical's new software package will make Delphi Medical Systems the only provider of easy-to-use handheld devices that can monitor and provide 2-way communication with a variety of medical devices," said Christophe Sevrain, Delphi Medical Systems managing director. "The combination of Delphi Medical's devices and this software application can reduce costs and save time for health care providers, helping them optimize resources and provide care where and when patients need it most." This acquisition enables Delphi Medical Systems to immediately offer this complete electronic medical record system to healthcare providers on both personal computers and Personal Digital Assistants or PDAs. "This strategic acquisition is expected to strengthen our presence in the medical device market and more importantly, help reduce healthcare costs. By allowing more frequent patient virtual visits through remote patient monitoring, these products help enhance patients' quality of life," Sevrain said. "Additionally, by helping health care providers become more efficient and facilitating more frequent remote medical data exchanges, we also help reduce overall costs for both patients and care providers." The software will soon be enhanced to provide short- and long-range digital communication between the care provider and I.V. pumps, vital signs monitors, respiratory devices, and dialysis equipment, all of which are supplied by Delphi Medical. Medical devices made by other companies can also be connected to the software. These medical devices are used in alternate sites such as long-term care facilities, nursing homes, doctors' offices, specialized clinics, and ambulatory care vehicles. This product was developed for GE Medical Information Technologies, which still owns the licensing rights. The software can be used with any Windows-based PC, or Windows CE-based PDA, enabling doctors and nurses to continuously update, view, exchange and print patients' information. The system complies with the Health Insurance Portability and Accountability Act, HIPAA, by protecting patients' health information. About Delphi Medical Systems For more information on Delphi Medical Systems, please visit their website at: www.delphimedical.com. FORWARD-LOOKING STATEMENT |