Streamline Health Relocates Corporate Headquarters To Atlanta, Georgia
Move Will Help Facilitate the Company's Strategy of Growth and Expansion
ATLANTA, Dec. 4, 2012 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of enterprise content management, business analytics, computer assisted coding (CAC), and clinical documentation improvement (CDI) solutions for healthcare providers, today announced the relocation of its corporate headquarters from Cincinnati, Ohio to Atlanta, Georgia.
In addition to Atlanta, Streamline Health will continue to maintain offices in Cincinnati and New York City. Currently the growing company has approximately 115 associates with plans to add nearly 25 more in the coming year to help support its expanded client base and solutions development organization.
"The selection of Atlanta as our corporate headquarters will help strengthen our ability to drive future growth, hire talented associates and deliver value to our clients and shareholders," said Robert E. Watson, President and Chief Executive Officer of Streamline Health. "Since our acquisition of Atlanta-based Interpoint Partners, LLC last December, we have found that our ability to attract and retain experienced healthcare information technology associates has been greatly enhanced."
The move strategically positions the company in a location that will provide greater ease of access to its clients and investors throughout the world. Additionally, Atlanta is recognized by the Metro Atlanta Chamber of Commerce as the 'Nation's Health IT Capital.' This designation is supported in part due to the city's prominence in the HCI 100—the annual ranking of the top healthcare IT firms by the industry publication Healthcare Informatics.
"With more than 250 health IT companies,and growing, metro Atlanta is a hub for health IT activity," said David Hartnett, Vice President of Health IT Industry Development, Metro Atlanta Chamber and co-founder of the Institute for Healthcare Information Technology (iHIT). "The city is home to some of the country's leading universities which offer a continuum of education and career development programs specifically focused on health IT, helping to ensure that Streamline Health has access to top talent. On behalf of the Metro Atlanta Chamber, I am pleased to welcome the company to our community."
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a leading provider of SaaS-based healthcare information technology (HCIT) solutions for hospitals and physician groups with offices in Atlanta, Cincinnati, and New York. The company's comprehensive suite of solutions includes: enterprise content management (ECM), business analytics, integrated workflow systems, clinical documentation improvement (CDI), and computer assisted coding (CAC). Across the revenue cycle, these solutions offer healthcare enterprises a flexible, customizable way to communicate between disparate departments and information systems to improve processes, boost productivity, and optimize clinical, administrative and financial performance. For more information, please visit our website at http://www.streamlinehealth.net.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995
Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties and are no guarantee of future performance. The forward looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company's products, the ability of the Company to control costs, availability of products obtained from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accountings Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry, the markets in which the Company operates and nationally, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Streamline Health Solutions, Inc.
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