Nightingale announces new cost-saving synergies from the VantageMed acquisition and re-alignment of its sales team

    MARKHAM, ON, Jan. 14 /CNW/ - Nightingale Informatix Corporation
("Nightingale") (TSX-V: NGH), one of North America's fastest growing
healthcare software and services providers, announces additional cost-saving
synergies resulting from the integration of the VantageMed acquisition, and
the creation of a new streamlined sales team structure. As a result of these
initiatives, the Company expects to realize annual cost savings of
approximately $1.6 million, some of which will be re-invested in upcoming
months to support growth throughout the organization. All dollar amounts in
Canadian dollars.
    "Since completing the VantageMed acquisition, we have focused on
integrating the two companies to capitalize on cost synergies and position the
business for growth," said Sam Chebib, President and CEO of Nightingale.
"Initially we identified $2.4 million in annualized cost synergies, and after
six months of operating as a combined company, new initiatives have created an
additional $1.6 million in annual savings, which we expect to begin realizing
in Q1 fiscal 2009."
    To generate these cost savings, Nightingale has rationalized its
workforce and eliminated redundancy in many operational areas. In addition, to
better address the unique needs of the U.S. and Canadian healthcare
industries, Nightingale has re-aligned its sales organization into two teams
to focus on those respective markets. With the implementation of the new sales
organizational structure, and after having played a key role in the
Nightingale-VantageMed integration, Steve Curd, CEO of Nightingale VantageMed
Corporation, has left the Company to pursue other interests.
    Mr. Chebib added: "I would like to thank Steve for his efforts and
valuable insight during the integration process, and I wish him the best in
his future endeavors."

    About Nightingale

    Nightingale is one of the fastest growing health care service and
software companies in North America with over 4.7 million patient records
under management in a hosted (ASP) environment. It is recognized as an
industry leader in Web-based clinician and community based electronic medical
records (EMR) serving the needs of small primary care practices,
multi-physician outpatient clinics, and large scale regional health
organizations and networks. Coupled with integrated practice management,
transcription and revenue cycle management, Nightingale's comprehensive
service offering allows customers to enhance patient care, increase revenue
opportunities and optimize operations. Nightingale is continuously innovating
and enhancing its services to meet the needs of its growing and diverse
customer base.

    Nightingale - Healthcare connected.

    Forward Looking Statement

    This press release contains "forward-looking statements" 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", "is expected",
"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" or "will be taken", "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
speculative nature of the medical software industry, which is affected by
numerous factors beyond Nightingale's control; the existence of present and
possible future government regulation; the significant and increasing
competition that exists in the medical software industry; the early stage of
Nightingale's business; and therefore it is subject to the risks associated
with early stage companies, including uncertainty of revenues, markets and
profitability and the need to raise additional funding.
    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

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Dave Mason, Investor Relations, The Equicom
Group, Tel: (416) 815-0700 x237, Email:; John Elias,
Media Relations, The Equicom Group, Tel: (416) 815-0700 x239, Email:

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