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CompuGroup Medical AG

EANS-News: CompuGroup Medical AG - Third Quarter Results 2010

Koblenz (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report
November 17, 2010: CompuGroup Medical AG today
presented the financial report for the third quarter of 2010. The 
company, one of the leading global providers of eHealth solutions, 
achieved revenue of EUR 75.6 million, up from EUR 70.1 million in the
third quarter 2009. Operating profit (EBITDA) came in at EUR 18.0 
million, an increase of 12 percent compared to the same period of 
2009. Cash net income increased 8 percent from EUR 11.4 million in 
the third quarter 2009 to EUR 12.3 million in the third quarter 2010.
With this result, CompuGroup Medical AG continues its strategy and 
growth based on the greatest coverage among healthcare providers 
(physicians, dentists, hospitals etc.) worldwide. Again, it is the 
strong performance of the HPS (Health Provider Services) business 
segment that drives the business forward. In this segment, revenue 
was EUR 59.8 million compared to EUR 53.2 million in the third 
quarter of 2009. The high margin Ambulatory Information Systems (AIS)
business continues to grow strongly at 19 percent of which 14 percent
is organic growth at constant exchange rates.
CompuGroup Medical made further progress during the reporting period 
to develop its business in the US. In August, CompuGroup Medical 
entered into an agreement for the purchase of 100% of the shares in 
Visionary Healthware Group. Visionary Healthware serves an impressive
customer base that spans the United States, covering healthcare 
organizations, physicians´ offices and laboratories. The company was 
ranked #71 in the 2009 Healthcare Informatics Top 100 Healthcare 
Information Technology Companies list and has 200 employees.
This acquisition comes at a particularly exciting time in USA with 
the Healthcare Information Technology Economic and Clinical Health 
Act (HITECH) providing almost $20 billion to healthcare information 
technology aimed at Visionary´s customer group. With 10,000 closely 
served doctors and a total network of doctors estimated at up to 
60,000 (including the LIS, managed care consulting and RCM business),
there are significant and untapped cross-selling opportunities in 
Visionary Healthware Group based on the HITECH stimulus.
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, 
stated: "With Visionary and Noteworthy combined, we now serve 15,000 
doctors in the US, and we are excited about the prospects of helping 
these doctors achieve meaningful use under the HITECH act and also to
be part of the transformation of US healthcare based on electronic 
health records. With this infrastructure in place, the introduction 
of CompuGroup Medical´s solutions for Software Assisted Medicine can 
begin also in the largest healthcare economy in the world, namely the
United States."
While forcefully moving into the US market, CompuGroup Medical 
continues to develop its business relationship with the health 
insurance funds in Germany. With the contracts signed during the 
third quarter CompuGroup Medical now covers a population of almost 10
million with the product "smart-Xchange", a system to safely and 
systematically improve measures to drive higher levels of drug 
substitution to save care costs without sacrificing care quality.
CompuGroup Medical adjusts the revenue outlook for the full year 2010
to be in the range of EUR 315 million to EUR 330 million, including 
revenue from Visionary Healthware. Operating income (EBITDA) is 
expected to be in the range of EUR 67 million to EUR 73 million which
represents no change from previous guidance.
About CompuGroup Medical AG CompuGroup Medical is one of the leading 
e-health companies worldwide. Its software products, designed to 
support all medical and organizational activities in doctors´ offices
and hospitals, its information services for all parties involved in 
the healthcare system and its web-based personal health records 
contribute towards safer and more efficient healthcare. The services 
of CompuGroup Medical are based on its unique customer base of around
370,000 doctors, dentists, hospitals and networks as well as other 
service providers. CompuGroup Medical is the e-Health company with 
the biggest coverage among e- health service providers worldwide. The
company operates in 14 European countries, Malaysia, Saudi Arabia, 
South Africa and in the USA and currently employs around 3,000 
people.
Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical AG will go through the Q3 
results at a conference for analysts and investors today at 12:00 
hours CET. The conference will be broadcast live via telephone (see 
the following list of telephone numbers). Its recording can be 
replayed later.
You can participate in this conference call by dialing one of the 
following phone numbers: +49 69 210869703 (Germany) +44 16 16018902 
(UK) +1 2153054495 (USA) Participant code: 18561270
At the beginning of the conference call, a presentation will be made 
available for download on the CompuGroup Medical website at 
www.cgm.com. The presentation can be viewed live at 
https://compugroup.webex.com.
end of announcement                               euro adhoc

Further inquiry note:

CompuGroup Medical AG
Barbara Müller
Consultant Press & Media
P +49 (0) 261 8000-1293
F +49 (0) 261 8000-3284
E-Mail: press@cgm.com

Branche: Software
ISIN: DE0005437305
WKN: 543730
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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