Netsmart Shareholders Approve Merger
April 05 2007 - 1:25PM
PR Newswire (US)
GREAT RIVER, N.Y., April 5 /PRNewswire-FirstCall/ -- Netsmart
Technologies, Inc. (NASDAQ:NTST), a leading provider of
enterprise-wide software and services for health and human services
organizations, announced today that its shareholders have approved
the merger with NT Merger Sub., Inc. a corporation affiliated with
Insight Venture Partners and Bessemer Venture Partners. "We are
gratified that Netsmart's shareholders have recognized the value
they will receive in the merger transaction," said James Conway,
chairman and chief executive officer, Netsmart Technologies. The
merger is expected to close shortly. About Netsmart Technologies,
Inc. Netsmart Technologies, Inc., based in Great River, N.Y., is an
established, leading supplier of enterprise-wide software solutions
for health and human services providers, with more than 1,300
clients, including more than 30 systems with state agencies.
Netsmart's clients include health and human services organizations,
public health agencies, mental health and substance abuse clinics,
psychiatric hospitals, and managed care organizations. Netsmart's
products are full-featured information systems that operate on a
variety of operating systems, hardware platforms, and mobile
devices, and offer unlimited scalability. Forward-Looking
Statements Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they
relate to the company or its management, identify forward-looking
statements. These statements are based on current expectations,
estimates and projections about the company's business based, in
part, on assumptions made by management. These statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in the
forward-looking statements. These factors include, but are not
limited to, the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger
agreement and other risks that are set forth in Netsmart's filings
with the Securities and Exchange Commission at http://www.sec.gov/.
Many of the factors that will determine the outcome of the subject
matter of this press release are beyond Netsmart's ability to
control or predict. DATASOURCE: Netsmart Technologies, Inc.
CONTACT: Anthony Grisanti, Executive Vice President and CFO of
Netsmart Technologies, +1-631-968-2000 Web site:
http://www.ntst.com/
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