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EXECUTIVE HEALTH EXAMS INTERNATIONAL AGREES TO ACQUIRE PERSONALMD, INC.
New York, New York, 12 November 2001,
, Executive Health Exams International announced today that it has reached an agreement to acquire PersonalMD, Inc. of Pleasanton, California. Founded in 1913 and with its world headquarters located at 10 Rockefeller Plaza, New York, Executive Health Exams is the leading provider of physical exams to Fortune 500 companies. PersonalMD is the premier provider of patient/user online access to medical records stored in their original form.
For almost two years, Executive Health Exams has included PersonalMD membership as part of its comprehensive physical exam program to all of its
patients, as well as to corporations with employee populations in excess of 5,000 as a stand-alone product. It is the only online medical record
storage system that enables its users to store copies of original medical documents and other personal information retrievable via both Internet and
fax 24 hours a days, seven days a week, worldwide.
"Developed at an approximate cost of $6M, PersonalMD's initial focus was on healthcare information technology where it acted as system architects for
major information systems' projects. Demand by consumers for easy, instant access to personal medical data in emergency situations, as well as a
growing need to manage one's own medical information, provided new opportunities for PersonalMD resulting in an Internet medical resource data
base complementing its record storage capabilities.
"The relationship between the parties has been mutually beneficial," said John Aglialoro the President of Executive Health Exams. "PersonalMD has
created a product that delivers what's promised and is unmatched in the consumer market. It meets the high standards of EHE and the high
expectations of our customers. The number of Executive Health Exams patients enrolling in PersonalMD as a component of their physical exam has
tripled since March of this year, and inquiries from companies looking to provide this service as an employee benefit remains strong.
Sanjeev Vipani, a co-founder of PersonalMD stated, "PersonalMD is a natural extension of Executive Health Exams International. Their client base
represents companies that are proactive in offering preventive health programs to their employees through the early detection of life-threatening
diseases and through education. Bringing together medical resources and health education with the added feature of online medical record storage is
an impressive employee benefit. Being a leader in its industry, EHE will provide PersonalMD with growth and opportunity more rapidly." Mr. Vipani will
remain with Executive Health Exams in charge of the PersonalMD unit operations and product enhancements.
Executive Health Exams International has medical centers in New York City; Chicago; Houston; Stamford, Connecticut; and Morristown, New Jersey.
Its Platinum Program, endorsed by its 12 member Medical Advisory Board, is the first physical exam program to include specialized procedures based on
age, gender, and medical history for a fixed fee. Additional services included in the program, at no cost, are post-exam follow up care, flu shots,
travel consultations and inoculations, and e-health by PersonalMD. For more information call 1 800 DOCTOR 1 or go to
www.ExecutiveHealthExams.com
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