Physiomed Announces Acquisition of Healthscreen’s Physician Services Business

Oct. 14, 2011 - PRLog -- Through this acquisition Physiomed takes ownership of the core programs from Healthscreen's Physician Services business including its HealthAlert program (a service which allows patients to more easily manage their long-term healthcare needs), its PrevCareMD program (a service which helps physicians maximize government funded preventive care bonuses), and its CallerMD program (a simple and effective billing system for uninsured medical services). Physiomed also acquires all related assets, including proprietary software, systems, intellectual property, and nearly 1,000 physician relationships.

"This acquisition is about improving overall efficiency and patient care for all parties involved – including our over 40 Physiomed clinics and the nearly 1,000 medical doctor practices who continue to engage in these valuable Physician Services", says Dr. Scott Wilson, Chairman & CEO of Physiomed Group Inc. “Physicians can rest assured they are now working with a well-capitalized, well-established healthcare company dedicated to supporting their practices via a growing list of value-add services.  We look forward to working with all of Healthscreen’s Physician Services customers for many years to come.”

Dr. Wilson continued. "Physiomed is a well established company, with a skilled management team, a solid balance sheet and stable infrastructure. We are dedicated to making this transition a positive experience for everyone involved, and on behalf of our 500 employees, we are very much looking forward to working with our physician customers to help improve the overall quality of patient care in Canada."

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About Physiomed Group Inc.
Physiomed is one of the fastest growing networks of healthcare clinics in Canada. With over 40 locations across Ontario, Western Canada and its new Walmart clinic locations, Physiomed provides hundreds of thousands of Canadians with interdisciplinary, whole health services designed to help them live longer, happier and healthier lives. For more information about Physiomed, please visit www.physiomed.ca