Rx Remedy Acquires Utah Health Informatics to Create Highly Personalized Healthcare SolutionsWESTPORT, Conn., and SALT LAKE CITY, June 15 Rx Remedy, Inc. said today it has completed the acquisition of Utah Health Informatics (UHI) to create a new division called HealthSCOUT Informatics. The two companies have worked together over the past year to provide highly personalized health information and connectivity services to consumers. This new division will provide both Rx Remedys and UHIs client base with a valuable combination of content and technology.
HealthSCOUT Informatics enables the company to personalize health information based on a consumers needs and preferences. And, in general, it brings each consumer the best medical knowledge to interactively, simply and conveniently support his or her health- and disease-management efforts.
"We are excited to become a part of Rx Remedy and see tremendous opportunities to accelerate the development of our existing portfolio of informatics tools," said Omar Bouhaddou, President of Utah Health Informatics. "The art and science of informatics, combined with Rx Remedys technology and vast distribution network, means that we can leverage our strengths for the benefit of a much larger number of clients and consumers."
UHI has developed a proprietary web-based survey engine that can work interactively to facilitate the use of a variety of health-management tools, including general and disease-specific health assessments (e.g., womens health, mens health, mental health, nutrition, and pets health), quizzes (e.g., heart health risk factors), calculators (e.g., ideal body weight, calories burned), polls, and surveys.
Rx Remedy plans to integrate these products and capabilities into its current offerings to other consumer web sites through HealthSCOUT and to health-plan and employer clients through DoHealth. The company also plans to offer its Health-Life Services to UHIs current clients.
"HealthSCOUT Informatics will enhance the breadth and depth of our health and wellness management tools, thus making them more personalized and useful," said Karamjeet Paul, Chairman & CEO of Rx Remedy, Inc. "We will now be able to offer our clients and consumers a broader menu of e-health tools to support health and disease management and to facilitate the exchange of important information among healthcare partners."
UHIs current customers include Bristol-Myers Squibb, American Home Products, A.D.A.M., Rexall, PlanetRx, Vitamins.com, Staywell, Cigna, Wampole.ca (Canada) and Health Care Net (Japan).
About Rx Remedy, Inc.
Rx Remedy, Inc is a leading Internet provider of consumer health information and tools (Health-Life Services) for consumers. The company recently announced that, later this year, it will consolidate its communications and eHealth businesses under the name of The HealthSCOUT Network. Through partners and affiliates, nearly 6 million people at over 3,000 Web sites will have access each month to the companys products, including personalized health news and information from HealthSCOUT, and wellness tools and health-management resources provided through its DoHealth unit. HealthSCOUT Informatics provides personalized disease-specific tools and assessments. The company also publishes REMEDY, an award-winning consumer health magazine with a circulation of 2.2 million households.
Leading affiliates and clients include most major pharmaceutical companies, such as Johnson & Johnson, Pfizer, Merck, Novartis, Searle, and Bristol-Myers Squibb; several large consumer websites and ISPs, such as Yahoo!, InfoSpace, USA Today and iVillage; other Internet companies and retailers, such as A.D.A.M., Staywell PlanetRx,Rexall and vitamins.com; and large employers and health plans, such as First Choice of Washington, Cigna, Harvard Pilgrim Healthcare, John Deere Company and the Federal Government. Through its proprietary syndication engine and user agent technology, the companys goal is to add value to virtually every health transaction on the Internet.This press release contains forward looking statements, as defined under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and information as of this date and may be identified, without limitation, by use of the words "plans," "predicts," "expects," "anticipates," "believes," "estimates," "intends" and similar expressions. Rx Remedy, Inc. assumes no obligation to update any forward-looking statement. Forward-looking statements involve a number of risks and uncertainties that may affect future results, including without limitation Rx Remedy, Inc.'s ability to fund its operations and develop and launch planned and new products and services, the success of relationships with affiliates and the rate of adoption of Health-Life Services via the Internet. Readers are cautioned not to place undue reliance on any such forward-looking statements.
Other Selected HealthSCOUT News Releases
May 16, 2000: Rx Remedy And InfoSpace Announce a
Broad eHealth Initiative In a Multi-Million Dollar Multi-Year Marketing Agreement
June 7, 2000: Rx Remedy Inc. to Launch A New Internet Business -- The HealthSCOUT Network
June 15, 2000: Rx Remedy Acquires Utah Health Informatics to Create Highly Personalized Healthcare Solutions
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