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MediSolution and GFI Business Solutions Sign a Partnership Agreement to Deliver Integrated Human Capital Management Solution

2008-08-25 07:30:00

MONTREAL, QUEBEC–(EMWNews – Aug. 25, 2008) – MediSolution Ltd., (TSX:MSH) and GFI Business Solutions, today announced the signing of a partnership agreement to deliver a fully integrated Human Capital Management solution to the healthcare and service sector market. The modular Human Capital Management (HCM) product portfolio will combine the best of breed components from both companies existing platforms and will encompass payroll, human resources, electronic timesheets, employee self-service, time and attendance, and its unique staff scheduling and recall lists features.

Building upon an existing partnership agreement between the two companies, the new agreement will combine GFI Business Solutions’ leading Magistra® HR solution with MediSolution’s proven Virtuo® Payroll solution creating a unique application with specific features for the healthcare and service sectors. The companies will closely collaborate on a joint development plan and leverage a combined pool of dedicated developers to significantly accelerate time to market and the delivery of a fully integrated feature-rich solution for healthcare and service sector customers.

“The payroll and human resources market will benefit from the tight integration of new HR, scheduling and recall list capabilities”, said Paul Lepage, President and CEO at MediSolution.

Significant investments will be made by both companies to ensure healthcare and service sector organizations are provided with flexible solutions that are fully compliant with the evolving service oriented architecture development and latest legislative standards issued by Canada Health Infoway and the Ministere de la Sante et des Services Sociaux du Quebec.

The companies will share best practices and leverage the respective operations expertise within both companies to further improve implementation delivery, with a particular emphasis on process re-engineering and change management.

“GFI Business Solutions customers will benefit from the new solution which will include the full integration of the MediSolution payroll module, a solution that has been renowned for its reliability in healthcare and service sector markets for the past 30 years”, said Guy Lacoursiere, General manager, Public Sector, GFI Business Solutions.

Two new customers, Centre de sante et de services sociaux (CSSS) du Suroit and CSSS de Sorel-Tracy, recently signed long term contracts for the proven integrated HCM solution that is already used by more than 50 healthcare customers in Canada. The solution will provide both organizations with a highly effective and robust payroll service with advanced scheduling and recall list management functionality.

About MediSolution

MediSolution (TSX: MSH), a Brookfield Asset Management company, is a leading healthcare and public sector information technology company, providing software, solutions and services to customers across North America. More than 500 hospitals and other healthcare facilities and close to 200 public sector and related organizations rely on MediSolution’s systems to maximize their operational efficiencies, lower their costs, and improve the delivery of services. MediSolution has two operating segments. The Resource Management Systems segment is comprised of Financial Management software such as accounts receivable, budgeting and materials management as well as Human Capital Management tools including human resource management, staff scheduling and payroll processing. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, pharmacy, radiology and laboratory software for healthcare organizations.

About GFI Business Solutions

Based in Montreal, GFI Solutions Group Inc. is one of Canada’s leading IT consulting firms. Its services include management consulting, application development, integration of systems and applications, outsourcing, and technical writing. GFI Solutions Group also operates three business units in the areas of travel, banking and management consulting services.

Now backed by nearly 750 professionals, GFI is one of the largest IT consulting firms in Quebec, and is a member of GFI Informatique group, an international organization with more than 9,500 collaborators worldwide and revenues in excess of CAN$ 1 billion. For more information concerning GFI please visit www.gfisolutions.com.

This press release contains “forward-looking statements” regarding MediSolution’s partnership agreement to deliver integrated Human Capital Management Solution with GFI Business Solutions. The words “believe”, “expect”, “anticipate”, “intend”, “estimate” and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known an unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include failure to secure additional customer interest in the Human Capital Management Solution following the partnership agreement with GFI Business Solutions, the product’s failure to generate anticipated business efficiencies and value for the client and the cancellation of the agreement between MediSolution and GFI Business Solutions.

For more information, please contact

MediSolution Ltd.
Paul Lepage
President and CEO
514-850-5040
[email protected]
www.medisolution.com

or

GFI Business solutions
Guy Lacoursiere
General Manager, Public Sector
514 868-0333
www.gfisolutions.com

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