TALL - - Press ReleaseSource: IVP Technology Corporation
IVP Technology Corporation Announces Seven Contracts For MDI Solutions Group
Thursday March 20, 4:01 pm ET
MDI Receives Signed Contracts for Mount Sinai Hospital, St. Joseph's Health Centre, York Central Hospital and Rouge Valley Health System,
TORONTO, March 20 /PRNewswire-FirstCall/ -- IVP Technology Corporation (OTC Bulletin Board: TALL - News) announced today that its MDI Solutions group, which provides medical data integration services in Canada and the United States, through IVP's wholly owned subsidiary Springboard Technology Solutions Inc., has received multiple contracts with four of the Toronto area's largest hospitals. These contracts are for a combination of time, material and retained consulting services and have an initial term ranging from six to twelve months with four automatically renewing for additional periods.
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The key health centres which are serviced by MDI under these contracts are Mount Sinai, a 462 bed hospital and critical care facility, located in downtown Toronto; St. Joseph's Health Centre, a 350 bed community service facility located in West Toronto; York Central Hospital, a 430 bed community hospital located in Toronto's North West region; and The Rouge Valley Health System, a two site 411 bed hospital health center, located in Toronto's Eastern region. The four health centers are amongst the ten largest hospitals in the Toronto area.
Kevin Birch, President of MDI Solutions and a Senior Vice President with IVP commented that " ... signing Mount Sinai, Rouge Valley, York Central and St. Joseph's to multiple contracts is a real vote of confidence in our MDI Solutions Group and in IVP's enterprise division as a whole. We estimate being able to provide services to these clients well into the future and to expand our role by offering additional products and services as their experience with us grows."
Brian MacDonald, President and CEO of IVP Technology reinforced the importance of the enterprise division's contributions to IVP by commenting that " ... the anticipated growth of the MDI Solutions Group and the enterprise division is expected to provide a rising level of recurring revenue to IVP and its shareholders. We anticipate that there will be continuing and substantial growth in the enterprise division in the future."
About MDI Solutions
MDI Solutions is a technology services and product group within Springboard Technology Solutions Inc. specializing in data integration and systems for the healthcare industry. Based in Toronto, MDI Solutions markets its own proprietary products and provides high quality, comprehensive, reliable, and cost effective integration services to various enterprises. MDI Solutions was founded in 1999 and in 2002 was established as an operating division of Springboard Technology Solutions Inc., a wholly owned subsidiary of IVP Technology Corporation (OTC Bulletin Board: TALL - News). Additional information about MDI Solutions is available at www.mdisolutions.com.
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