Investment Group Sets Sights on Health Care
<p><strong>Oakland, Calif. — June 12</strong><br />Meditab Software Inc., a provider of intelligent, integrated, innovative and intuitive software solutions for the health care industry, has announced that Caltex Capital LLC, an investment firm in Los Angeles, has purchased a stake in and will take an active role in the operations of the company.<br /><br />Noah Davis, Caltex managing partner, joins Dr. Paul Rosenstock and Daniel Wisnicki as the leaders of the group investing in Meditab. </p><p>Davis will serve as CFO of Meditab, Wisnicki will serve as vice president of the company’s Senior Care Division and Rosenstock will serve as a board member. </p><p>A board-certified internist and geriatrician who has been in practice for over 29 years, Rosenstock will have an influential role in the continued growth of Meditab. </p><p>Wisnicki will help develop and sell the company’s new intelligent facility software (IFS), due in late 2007. <br /><br />"Caltex sees our stake in Meditab as a worthy investment and look forward to great success with the company,” Davis said. “The health care technology market is growing rapidly, especially in regards to electronic health record (EHR) solutions, and we expect Meditab to be a big part of that expanding market.”<br /><br />Meditab’s focused and integrated solutions address numerous challenges facing today’s health care environment and provide clients with increased revenue and decreased physician and office staff hours. </p><p>Each solution is designed by health care professionals to meet real-world priorities and solve real-world problems. </p><p>In addition, seamless integration ensures that data is entered only once at the primary source and used throughout an entire organization. <br /><br />“We are exited to have Noah, Paul and Daniel join the Meditab team,” Kevin Ryan, Meditab CEO, said. “They each bring unique skills and knowledge of the health care industry to Meditab, and we look forward to working with them to make our company a leader in the EHR market.” </p>
