Agreement will Establish New Sales Channel; Expand Company's Footprint
Throughout Dental Group Practice Market
IRVINE, Calif.--(BUSINESS WIRE)--
Quality Systems, Inc. (NASDAQ: QSII) announced today that its dental
division has entered into an agreement with Patterson
Dental Supply, Inc., a leading distributor of dental products,
equipment and technology in the U.S. and Canada, and the largest
business in the progressive, global Patterson Companies (NASDAQ: PDCO)
family of businesses.
Under the partnership agreement, the company will leverage Patterson
Dental's special market division sales force to establish a new line of
business with their dental group practice customers thereby increasing
QSI's footprint within the market segment.
As a value-added distributor of dental products, equipment and services
for dentists, dental laboratories, institutions and other healthcare
providers, Patterson Dental Supply has the largest direct sales force in
the industry, totaling more than 1,400 sales representatives and
equipment software specialists serving the United States and Canada.
"Patterson Special Markets is excited about partnering with QSI in the
large group dental practice space. This strategic alliance allows us to
offer our clients a best in class experience with a leading cloud based
software solution," said Neal McFadden, president, Special Markets
Division at Patterson Dental.
"Patterson Dental Supply, Inc.'s presence in North America and Canada,
coupled with its reputation as a highly regarded dental service
provider, presents a new revenue stream for our market-leading advanced
technological solutions which enable us to capture additional market
share within the Dental Group Provider segment," explained Donn
Neufeld, executive vice president and general manager of the
QSIDental Division. "We are committed to delivering leading-edge
solutions that will assist providers in the delivery of higher quality,
better coordinated patient care."
About Patterson Dental Supply, Inc.
Patterson Dental, a leading distributor of dental products, equipment
and technology in the U.S. and Canada, serves as the largest business in
the progressive, global Patterson Companies (Nasdaq: PDCO) family of
businesses. For more information, visit www.pattersondental.com.
Quality Systems, Inc.
Irvine, Calif.-based Quality
Systems, Inc. and its NextGen
Healthcare subsidiary develop and market computer-based practice
management, electronic health records and revenue cycle management
applications as well as connectivity products and services for medical
and dental group practices and small hospitals. Visit www.qsii.com
for additional information.
Certain statements in this news release are forward-looking
statements within the meaning of the federal securities laws, including
but not limited to those statements related to future use of the
company's products and statements made by Donn Neufeld related to the
Company's future products and offerings. These statements are based on
current expectations of future events. If underlying assumptions prove
inaccurate or unknown risks or uncertainties materialize, actual results
could vary materially from the Company's expectations and projections.
Factors that could cause the anticipated results to differ from those
described in the forward-looking statements include the possibility that
products will not achieve or sustain market acceptance; the impact of
incentive payments under The American Recovery and Reinvestment Act on
sales and the ability of the Company to meet continued certification
requirements; the development by competitors of new or superior
technologies; the timing, cost and success or failure of new product and
service introductions, development and product upgrade releases;
undetected errors or bugs in our software; changing economic, political
or regulatory influences in the healthcare industry; availability of
third-party products and components; competitive pressures including
product offerings, pricing and promotional activities; the Company's
ability or inability to attract and retain qualified personnel; possible
regulation of the Company's software by the U.S. Food and Drug
Administration; and general economic conditions. Additional risks
and uncertainties are set forth in the Company's public filings with the
U.S. Securities and Exchange Commission, including the discussion under
the heading "Risk Factors" in the Company's most recent Annual Report on
Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The
Company expressly disclaims any intent or obligation to update these
forward-looking statements except as required by law.
© 2014 Quality Systems, Inc., Irvine, CA 92612
® marks owned by Quality Systems, Inc.
For Media and Public Relations Inquiries Contact:
Michelle Rovner, 215-657-7010
Investor Relations Inquiries Contact:
Quality Systems, Inc.
J. Lewis, 954-389-3700
Source: Quality Systems
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