MARKHAM, ON, Nov. 26, 2015 /CNW/ - Nightingale Informatix
Corporation (TSX-V: NGH) ("Nightingale" or the "Company"), a
cloud-based provider of electronic health record (EHR) software and
related services, announced today it has filed its financial
results for its fiscal second quarter ended September 30, 2015. Additional information
concerning the Company, including its condensed consolidated
financial statements and its Management's Discussion and Analysis
of Financial Condition and Results of Operations ("MD&A") for
the quarter and six months ended September
30, 2015 can be found at www.sedar.com.
"We recently completed the sale of our US-based Practice
Management and EHR assets, which has improved our balance sheet and
allows us to focus on our Canadian customers, while bringing our
V10 solution to market," said Sam
Chebib, CEO of Nightingale. "We continue to focus our
efforts on launching our next generation platform both in
Canada and outside North America to drive growth. This
increased focus will help us bring to conclusion our opportunities
in Canada and in the international
markets."
The Company announced on October 13,
2015 that it had sold substantially all of its US based
Practice Management assets. The Company continues to evaluate
its strategic options as it refocuses on driving growth from the
Canadian and international markets.
About Nightingale
For more than a decade, Nightingale
(TSX-V: NGH) has been delivering innovative cloud-based Electronic
Health Record (EHR) and Practice Management solutions to healthcare
organizations across the United
States and Canada. Our goal
is to uncomplicate the day-to-day challenges of healthcare
providers. We achieve this by creating software that is truly
intuitive—minimizing training and maximizing adoption. We believe
so strongly in building easy-to-use software that we structured our
entire product team around user-centric design. Our clients are
benefiting from this focus through a well-supported and robust
solution that presents a holistic view of a person's well-being in
a simple, clean interface, so that the best health decisions can be
made. Nightingale – One Patient.
One Record.
www.nightingalemd.com
Forward Looking Statement
This press release contains "forward-looking statements"
respecting the Company's financial statements and the issuance and
cancellation of securities of the Corporation within the meaning of
applicable Canadian securities legislation. Generally,
forward-looking statements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not
expect", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may" ,"could", "would", "might",
"occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Nightingale to be
materially different from those expressed or implied by such
forward- looking statements, including but not limited to: the
ability of Nightingale to service the interest on its debt and to
repay the principal on its debt; risks associated with obtaining
the required approval of the Exchange and other approvals related
to its debt; the ability of Nightingale to successfully complete
the strategic or financial alternatives being considered; risks
related to the speculative nature of the medical software industry,
which is affected by numerous factors beyond Nightingale's control;
the ability of Nightingale to successfully secure customer
contracts and the timing of securing such contracts; the ability of
Nightingale to successfully develop and market the V10 platform;
the ability of Nightingale to complete and successfully integrate
its acquisitions on an accretive basis, Nightingale's access to
debt and capital facilities, including compliance with
current debt arrangements; the existence of present and possible
future government regulation; the significant competition that
exists in the medical software industry; the early stage of
Nightingale's business, and risks associated with early stage
companies, including uncertainty of revenues, markets and
profitability and the need to raise additional funding. All
material assumptions used in making forward-looking statements are
based on management's knowledge of current business conditions and
expectations of future business conditions and trends. Certain
material factors or assumptions applied by management in making
forward-looking statements, include without limitation, factors and
assumptions regarding future trends in healthcare spending,
economic conditions affecting Nightingale and North American
economies; Nightingale's ability to continue to fund its business,
rates of customer defaults, relationships with, and payments
to lenders, as well as Nightingale's operating cost
structure.
Although Nightingale has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Nightingale does not undertake to update any
forward-looking statements that are incorporated by reference
herein, except in accordance with applicable securities laws.
Further information on Nightingale Informatix Corporation is
available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Nightingale Informatix Corporation