Acquisition Builds on Perot Systems Strength as The Leading Provider of Healthcare IT Solutions
PLANO, Texas, Nov. 14 /PRNewswire-FirstCall/ -- Perot Systems Corporation
(NYSE: PER) (http://www.perotsystems.com) today announced that it has acquired
substantially all of the assets of Tellurian Networks, Inc., a leading managed
services hosting provider of Electronic Medical Records (EMR) and Practice
Management (PM) applications to physician groups. Tellurian is based in
Newton, NJ and has operations in New Jersey and California. Financial terms
were not disclosed.
Tellurian serves physician practice groups with an innovative managed
services hosting model that provides physicians with world-class technology,
such as EMR and PM applications on a per-doctor and per-user basis. This model
enables physician groups to lower and control costs while improving patient
care. Perot Systems, which provides comprehensive healthcare solutions to
primarily large provider-owned practices and academic medical centers,
acquired Tellurian to broaden its reach into a greater component of the
physician practice group market.
"We are pleased to welcome Tellurian's associates to the Perot Systems
global team," said Peter Altabef, president and CEO of Perot Systems
Corporation. "With its demonstrated expertise and commitment to operational
excellence, Tellurian will enhance our expanding worldwide healthcare IT
services capabilities."
"We are excited to be joining Perot Systems," said Robert Boyle, CEO of
Tellurian Networks Inc. "Perot Systems' global delivery model, its outstanding
people, and healthcare experience will enable us to strengthen the already
high level of service we provide for our existing clients. These same
capabilities will also provide new opportunities to leverage the combined
organizations' relationships and increase adoption of our hosting solutions
for both the acute and ambulatory healthcare segments."
"The managed services hosting model for medical applications is an
attractive fit to our existing healthcare IT implementation and consulting
business. Our Physician Solutions and Revenue Cycles Solutions groups can now
offer small physician practices lower cost alternatives to traditional
integrated solutions," stated Chuck Lyles, President of the Perot Systems
healthcare group.
Following the acquisition, all of the Tellurian associates, working from
locations in Newton, N.J. and Los Angeles, CA. will join Perot Systems.
Currently, Tellurian's hosting serves 94 physician clients, 565 practice
locations, representing 13,000 physicians.
About Tellurian Networks
Tellurian Networks is a nationwide provider of electronic practice
management and medical records hosting solutions. Tellurian was founded in
1995 and has over 94 physician clients at 565 practice locations, representing
13,000 physicians. With clients around the world, Tellurian provides managed
hosting services along with Internet connectivity, email and web hosting, spam
and anti-virus protection, and co-location services. For more information,
visit http://www.tellurian.com, or phone 1-888-TELLURIAN.
About Perot Systems
Perot Systems is a worldwide provider of information technology services
and business solutions. Through its flexible and collaborative approach, Perot
Systems integrates expertise from across the company to deliver custom
solutions that enable clients to accelerate growth, streamline operations and
create new levels of customer value. Headquartered in Plano, Texas, Perot
Systems reported 2007 revenue of $2.6 billion. The company has more than
23,000 associates located in the Americas, Europe, Middle East and Asia
Pacific. Additional information on Perot Systems is available at
http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to
known and unknown risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by such statements. For
factors that could affect our business and cause actual results to differ
materially, please refer to our Annual Report on Form 10-K for the fiscal year
ended December 31, 2007, as filed with the U.S. Securities and Exchange
Commission and available at http://www.sec.gov/, as updated in our Quarterly
Reports on Form 10-Q filed after such Form 10-K, for additional information
regarding risk factors. We disclaim any intention or obligation to revise any
forward-looking statements whether as a result of new information, future
developments, or otherwise.
