December 23, 2019
TORONTO, ON (December 23, 2019) – Sunnybrook Health Sciences Centre and Evident, a member of the CPSI (NASDAQ: CPSI) family of companies and a leading provider of electronic health record (EHR) systems and services, today announced that Sunnybrook and CPSI have signed definitive agreements to create a first-of-its-kind, Canadian-made Hospital Information System (HIS) solution. This announcement follows the letter of intent signed by the parties this past May. The combination of Sunnycare, Sunnybrook’s clinical workflow solution, and the Evident EHR platform will deliver a cost-effective alternative for managing hospital information and improving patient outcomes.
“This partnership will finally bring to market an affordable, flexible, proven platform that meets the demands of enabling quality patient outcomes,” said Dr. Andy Smith, president and chief executive officer, Sunnybrook Health Sciences Centre. “The ability to improve the quality of healthcare should be available — and affordable — to Canadian health systems and providers. Making that happen is what motivates us and aligns our partnership with Evident.”
Development of the new solution will take place in their newly created Canadian Healthcare Innovation Centre, located in Toronto. The Innovation Centre will be a place for the companies to come together to plan, build, test, and develop on an ongoing basis, as well as share best practices and leverage other future partner organization’s collective strengths to enhance the delivery of healthcare in Canada.
“This partnership is a win-win for the companies, as well as the patients and their providers across Canada,” said Boyd Douglas, president and chief executive officer of CPSI. “Combining our deep experiences, leadership and talent is a great advantage as we work toward our shared goal of bringing this unique and competitive offering to the Canadian market in 2020 and beyond.”
###About Evident Evident, a member of the CPSI family of companies, recognizes the challenges hospitals and other healthcare providers face – the need for simplicity, cost containment and delivery of a quality healthcare experience for patients and physicians alike. Our integrated software solutions are backed by a proactive support approach making us the partner of choice for hundreds of healthcare organizations. For more information visit evidenthealth.ca or evident.com.
###About Sunnybrook Health Sciences Centre Based in Toronto, Ontario, Sunnybrook Health Sciences Centre is an academic health sciences centre and fully affiliated teaching hospital at the University of Toronto. With 1.3 million patient visits each year, Sunnybrook is one of Canada’s largest academic health sciences with 12,000 staff and 1,300 beds.
###Forward-Looking Statements Information in this release may involve plans, intentions, expectations, strategies, outlooks, beliefs or other statements regarding the future which are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, such as statements regarding the ability of Evident, in partnership with Sunnybrook, to successfully develop, implement and offer hospitals a HIS solution in Canada, are based upon management's present plans, intentions, hopes or strategies regarding the future and involve risks and uncertainties that could cause actual events or developments to be materially different from those indicated in such forward-looking statements. Such risks and uncertainties include, but are not limited to, the inability of the parties to successfully develop an HIS solution in Canada and challenges the parties may face in successfully implementing and offering any such solutions to hospitals in Canada, as well as the risks and uncertainties that are contained in CPSI’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and Current Reports on Form 8-K that are filed from time to time with the Securities and Exchange Commission. All information included in this release is based upon information available to Evident and CPSI as of the date of the release, and neither Evident nor CPSI assumes any obligation to update any such forward-looking statements.
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