Emageon Announces Record Backlog of $158 Million
BIRMINGHAM, AL – (January 25, 2006) – Emageon Inc. (NASDAQ: EMAG), a leading provider of enterprise visual medical systems to hospitals and healthcare networks, announced today that its contracted backlog at December 31, 2005 was a record $158 million, an increase of 34% over the backlog of $118 million at December 31, 2004. Contracted backlog represents the aggregate total of fees for contracted future installations and support of existing installations.
“We have grown our backlog significantly both through the addition of new customers and by expanding our contracts with our current customer base,” said Chuck Jett, Chief Executive Officer of Emageon. “Our acquisition of Camtronics in November, 2005 has extended our relationships to a total of over 600 hospitals, which provides us with a larger and more diversified platform for future growth.”
Emageon expects to release its financial results for the fourth quarter and full year 2005 on February 27, 2006.
About Emageon Inc.
Emageon provides an enterprise-level advanced visualization and infrastructure solution for the clinical analysis and management of digital medical images within multi-hospital networks, community hospitals and diagnostic imaging centers. Emageon’s software, including its HeartSuite set of cardiology solutions from its Camtronics subsidiary, provides physicians in multiple medical specialties such as cardiology, radiology, and orthopedics, among others, with dynamic tools to manipulate and analyze images in two and three dimensions. With these tools physicians have the ability to better understand internal anatomic structure and pathology, which can improve clinical diagnoses, disease screening and therapy planning. Emageon’s open standards-based solution is designed to help customers improve staff productivity, automate complex medical imaging workflow, lower total cost of ownership and provide better service to physicians and patients. For more information, please visit www.emageon.com.
Contact: W. Randall Pittman, CFO, Emageon