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MedLink Announces Acquisition of LabTestPortal.com

^{Published on 2010-07-08 10:20:46 - Market Wire}
 

NEW YORK, NY--(Marketwire - July 8, 2010) - MedLink (OTCBB: [ MLKNA ]), a leading provider of Electronic Health Records and practice management solutions, is pleased to announce the acquisition of LabTestPortal, a direct-to-consumer laboratory testing platform. The acquisition provides MedLink with an entry into the direct-to-consumer laboratory testing market which has gained significant traction in the more than $50 billion U.S. laboratory testing market.

LabTestPortal is a service provider that delivers direct-to-consumer secure and confidential laboratory testing to consumers, that eliminates the need to see a primary care physician and receive insurance approval for maintenance and advanced lab tests. Through a Personal Health Record portal, consumers are able to track their lab testing results as well as store vital healthcare documents and information and receive results in most cases in less than 48 hours.

Ray Vuono, President of MedLink, stated, "The market for DTC lab testing has experienced an annual growth rate of 15-20 %, due to Consumers continuing to take charge of their own health through disease prevention and early detection. With managed care companies, as well as Medicare and Medicaid refusing to pay in most cases for tests without 'symptoms of disease,' DTC laboratory testing presents the only avenue for disease prevention for most consumers." Mr. Vuono continued, "MedLink's entry into the DTC lab test market, establishes a differentiator for MedLink in the EHR and Healthcare IT marketplace, providing services and synergies that enhance MedLink's overall offering not only to the end user patient but as an added benefit to the MedLink Lab outreach program and RHIO Financial Sustainability model."

About LabTestPortal.com

LabTestPortal.com (LTP) is a service provider that delivers direct-to-consumer secure and confidential laboratory testing, alleviating the need to spend precious time waiting to see a primary care physician for consumers. LTP provides a Personal Health Record portal where consumers are able to track their lab testing results as well as store vital healthcare documents and information. LTP is a necessary tool for all consumers to better manage their health through monitoring and education. The Personal HealthCare revolution is in its early stages and LTP is a bold and fresh part of this new and innovative methodology of personal healthcare. We are dedicated in providing the most comprehensive customer service with an affordable and secure product offering available to consumers in all 50 states.

About MedLink

MedLink is a healthcare IT company that provides the medical community with products and services designed to help create, manage, and share medical information. The company's flagship product, MedLink TotalOffice EHR 3.1, a CCHIT Certified® 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink's products and services, please visit [ www.medlinkus.com ].

Safe Harbor Statement

This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, outlined in our 2009 Annual Report on Form 10-K available through [ www.sec.gov ]. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.