Sunquest Corporation Reemerges as Vista Equity Partners Completes Acquisition of Diagnostics Systems from Misys

Recognized Healthcare Industry Leader Gets Fresh Start with Award-Winning Products and Seasoned Management Team

TUCSON, Ariz.--()--Sunquest Information Systems, Inc. today announced its formation and status as a privately-held corporation. The company was established when Vista Equity Partners, a leading private equity firm, completed its acquisition of the Diagnostics Systems from Misys Healthcare. Sunquest now owns all business assets, technology, and products associated with the hospital systems diagnostic portfolio, including the Laboratory, Commercial Laboratory, and Clinical Financial products, as well as stand-alone systems for Radiology and Pharmacy departments. Richard Atkin, former president of the Hospital Systems Business Unit for Misys, has been named president and CEO of Sunquest. The company anticipates minimal impact on day-to-day operations as it has been run largely as a stand-alone operation of Misys.

We have trust in their current products that we use and the reasons why we picked the lab system over 25 years ago, and we look forward to continuing this relationship, said Bill Sabol, current president of the client user group (MHSUG, Inc.) and Director of Clinical Applications at Health Network Laboratories located in Allentown, Pa. Although the name is now changed back to Sunquest, its been their great products, service, and friendly people that create and deliver these products to us that have kept us as a satisfied customer over the years.

"We have been a Sunquest, then Misys, customer for a long time and I think the acquisition by Vista will be a good move, said Patrick J. O'Sullivan MS, MT(ASCP)SBB, Administrative Laboratory Director - Florida Hospital Orlando. Ive already noticed a great deal of internal enthusiasm at the company and this change should allow them to concentrate even more than before on keeping their products world class and ready for the future. And, as always with Sunquest, we know the customer always comes first.

The Sunquest name has a long history and strong reputation in the healthcare industry. It has always been associated with award-winning products and a commitment to providing world-class customer service, stated Richard Atkin, president and CEO of Sunquest Information Systems, Inc. The new Sunquest embraces those same attributes and values, but is now an even more experienced and mature organization. Were extremely excited about the opportunities and future of our company.

About Misys Healthcare Systems, LLC

Misys Healthcare Systems develops and supports reliable, easy-to-use software and services of exceptional quality that enable physicians and caregivers to more easily manage the complexities of healthcare. Misys' family of leading clinical products and Web-based technologies are designed to share patient data across medical care settings. Misys makes Community EHR a reality by connecting community-based physicians and caregivers to the acute care enterprise, enabling increased efficiencies, better decision-making and improved hospital-physician relations. For more information, visit www.misyshealthcare.com.

About Vista Equity Partners

Vista Equity Partners (www.vistaequitypartners.com) is a San Francisco-based private equity firm focused on investing in dynamic, successful software and technology-enabled businesses. Vista seeks to partner with world-class management teams who have a long-term perspective and are committed to maintaining leadership in their markets. Vista is a value-added investor, contributing professional expertise and multi-level support enabling companies to realize their full potential. Vistas investment approach is anchored by its long-term perspective, as well as its experience in structuring software and technology-oriented transactions and in providing proven management techniques to its portfolio companies.

About Sunquest Information Systems, Inc.

Sunquest Information Systems, Inc., is a market leader in clinical data management with more than 1,200 U.S. hospitals and commercial laboratories, and over 60 customers in Canada, UK, Western Europe, and the Middle-East. The company designs, develops, and supports a comprehensive suite of information products for hospitals and laboratories that include laboratory, radiology, and pharmacy systems. Sunquest uses open systems that are scalable to any size hospital or healthcare network.

Sunquests professional services division provides a wide array of management and technical tools, including lab redesign and optimization, outreach and lab network program development, and operational business and implementation plans in addition to HIPAA compliance assessment and implementation services. For more information, call 800-748-0692 or visit: www.sunquestinfo.com.

Sunquest is a Trademark of Sunquest Information Systems, Inc. All other product or service names are the property of their respective owners.

Contacts

TopSpin Communications, Inc.
Joe Waldygo, 480-632-5050
joe@topspinpr.com

Contacts

TopSpin Communications, Inc.
Joe Waldygo, 480-632-5050
joe@topspinpr.com