CPSI
6600 Wall St.
Mobile, AL 36695
(800) 711-CPSI
Fax: (251) 639-8214

 
 
10/03/2002

Computer Programs and Systems, Inc. Signs 11 New Contracts

MOBILE, Ala., Oct 3, 2002 (Business Wire) – Computer Programs and Systems, Inc. (Nasdaq/NM:CPSI), a leading provider of healthcare information solutions, today announced  that it has added the following 11 new healthcare facilities to its growing client base:

ATEC Hospital  131 Beds    Dallas, Texas
Lagniappe Hospital Corporation 102 Beds   Shreveport, Louisiana
Lifecare Hospitals of Plano 66 Beds   Plano, Texas
Professional Rehabilitation Hospital 40 Beds   Ferriday, Louisiana
Stonewall Jackson Memorial Hospital  70 Beds   Weston, West Virginia 
Tahlequah City Hospital  87 Beds    Tahlequah, Oklahoma
The Long Term Hospital at Jackson  30 Beds   Montgomery, Alabama
The Salt Lake Specialty Medical Center 22 Beds   West Valley City, Utah
Vermilion Hospital 60 Beds   Lafayette, Louisiana
Wayne Hospital 92 Beds   Greenville, Ohio
York General Hospital  40 Beds   York, Nebraska

“We are pleased that these hospitals have chosen CPSI to be their information technology provider,” said Scott Schneider, CPSI’s vice president of sales and marketing.  "We continue to believe that the decision by these and other healthcare facilities to install the CPSI system is driven by the value and return on investment which our system generates for their enterprise."

The hospitals are a diverse group of facilities including specialty hospitals and community-based acute care providers.  Ownership structure of the hospitals is varied as well with private for‑profit, corporate for-profit chains, and public not-for-profit organizations all represented.  Mr. Schneider continued, “Several of these facilities have elected to implement the clinical applications concurrently with the financial modules, continuing a recent trend we have seen among our hospital installations.  Our unique implementation approach allows them to proceed with these applications up-front so they can immediately realize the benefits gained by automating their clinical departments in an integrated environment.”

About Computer Programs and Systems, Inc.

CPSI is a leading provider of healthcare information solutions for community hospitals with more than 430 client hospitals in 45 states.  Founded in 1979, the Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support.  Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital.  CPSI's staff of over 600 technical, healthcare, and medical professionals provide system implementation and continuing support services as part of a comprehensive program designed to respond to clients' information needs in a constantly changing healthcare environment.  For more information, visit www.cpsinet.com.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified generally by the use of forward-looking terminology and words such as "expects," "anticipates," "estimates," "believes," "predicts," "intends," "plans," "potential," "may," "continue," "should," "will" and words of comparable meaning. Without limiting the generality of the preceding statement, all statements in this press release relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and future financial results are forward-looking statements. We caution investors that any such forward-looking statements are only predictions and are not guarantees of future performance. Certain risks, uncertainties and other factors may cause actual results to differ materially from those projected in the forward-looking statements. Such factors may include: overall business and economic conditions affecting the healthcare industry; saturation of our target market and hospital consolidations; changes in customer purchasing priorities and demand for information technology systems; competition with companies that have greater financial, technical and marketing resources than we have; failure to develop new technology and products in response to market demands; fluctuations in quarterly financial performance due to, among other factors, timing of customer installations; failure of our products to function properly resulting in claims for medical losses; government regulation of our products and customers; interruptions in our power supply and/or telecommunications capabilities and other risk factors described from time to time in our public releases and reports filed with the Securities and Exchange Commission, including, but not limited to, our recent Registration Statement on Form S-1. We also caution investors that the forward-looking information described herein represents our outlook only as of this date, and we undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this press release.

CONTACT:
Computer Programs and Systems Inc., Mobile
M. Stephen Walker
Vice President-Finance and Chief Financial Officer
251/639-8100

Copyright (C) 2002 Business Wire. All rights reserved.

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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Computer Programs and Systems, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

 

 
 

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