EX-99.1
5
v192465_ex99-1.htm
1245
"Q" Street
Lincoln,
NE 68508
Phone: 402-475-2525
Fax: 402-475-9061
Contact:
Patrick
E. Beans
Chief
Financial Officer
402-475-2525
NATIONAL
RESEARCH CORPORATION
ACQUIRES
OUTCOME CONCEPT SYSTEMS, INC.
LINCOLN,
Nebraska (August 3, 2010) - National Research Corporation (NASDAQ:NRCI) today
announced it has acquired, via stock purchase agreement, Outcome Concept
Systems, Inc. (OCS), a privately-held healthcare informatics firm, in
an all-cash transaction.
OCS is a
leading provider of clinical, financial and operational benchmarks and analytics
to home care and hospice providers. OCS works with over 2,000 care
providers throughout the United States and is based in Seattle,
Washington. OCS delivers what it believes to be, the most robust
benchmarking database available to the home care and hospice marketplace,
complete with web-based tools, analytics, and knowledge resources to support
improvement in organizational performance through evidence-based
practice.
Commenting
on the acquisition, Michael D. Hays, president and chief executive officer of
National Research Corporation, said, "OCS is the leader in the home care and
hospice markets which complements and expands NRC product offerings across the
continuum of care. Under health reform, where the silos of care
delivery will merge, having thought leadership in all care settings is a clear
competitive advantage for NRC".
Amanda
Twiss, president, chief executive officer and co-founder of OCS, said, "This
relationship offers OCS clients a tremendous opportunity to rapidly enhance our
products for home care and hospice clients. Our focus is on
leveraging proprietary data assets and best of breed technology to give clients
a clear strategic advantage in the evolving healthcare market. In
addition, the OCS product portfolio leveraged across NRC clients, most notably
the 7,000 long-term care providers, creates an exciting new market for OCS
benchmarking products".
Pat
Beans, chief financial officer of National Research Corporation, added, "We
expect this acquisition to be immediately accretive to NRC's 2010
earnings. The estimated 2010 total contract value at closing for OCS
is $7.4 million".
Founded
in 1992, OCS will remain in Seattle, Washington, and Amanda Twiss will remain
president of the organization.
NRCI
Announces OCS Acquisition
Page
2
August 3,
2010
National Research Corporation,
headquartered in Lincoln, Nebraska, is a leading provider of performance
measurement, improvement services and governance education to the healthcare
industry in the United States and Canada.
This press release includes
"forward-looking" statements related to National Research Corporation ("the
Company") that can generally be identified as describing the Company's future
plans, objectives or goals. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results or outcomes
to differ materially from those currently anticipated. These
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. For further
information about the factors that could affect the Company's future results,
please see the Company's filings with the Securities and Exchange
Commission.
-END-

EX - 99 . 1 5 v192465 _ ex99 - 1 . htm 1245 " Q " Street Lincoln , NE 68508 Phone : 402 - 475 - 2525 Fax : 402 - 475 - 9061 Contact : Patrick E . Beans Chief Financial Officer 402 - 475 - 2525 NATIONAL RESEARCH CORPORATION ACQUIRES OUTCOME CONCEPT SYSTEMS , INC . LINCOLN , Nebraska ( August 3 , 2010 ) - National Research Corporation ( NASDAQ : NRCI ) today announced it has acquired , via stock purchase agreement , Outcome Concept Systems , Inc . ( OCS ) , a privately - held healthcare informatics firm , in an all - cash transaction . OCS is a leading provider of clinical , financial and operational benchmarks and analytics to home care and hospice providers . OCS works with over 2,000 care providers throughout the United States and is based in Seattle , Washington . OCS delivers what it believes to be , the most robust benchmarking database available to the home care and hospice marketplace , complete with web - based tools , analytics , and knowledge resources to support improvement in organizational performance through evidence - based practice . Commenting on the acquisition , Michael D . Hays , president and chief executive officer of National Research Corporation , said , " OCS is the leader in the home care and hospice markets which complements and expands NRC product offerings across the continuum of care . Under health reform , where the silos of care delivery will merge , having thought leadership in all care settings is a clear competitive advantage for NRC " . Amanda Twiss , president , chief executive officer and co - founder of OCS , said , " This relationship offers OCS clients a tremendous opportunity to rapidly enhance our products for home care and hospice clients . Our focus is on leveraging proprietary data assets and best of breed technology to give clients a clear strategic advantage in the evolving healthcare market . In addition , the OCS product portfolio leveraged across NRC clients , most notably the 7,000 long - term care providers , creates an exciting new market for OCS benchmarking products " . Pat Beans , chief financial officer of National Research Corporation , added , " We expect this acquisition to be immediately accretive to NRC 's 2010 earnings . The estimated 2010 total contract value at closing for OCS is $ 7.4 million " . Founded in 1992 , OCS will remain in Seattle , Washington , and Amanda Twiss will remain president of the organization . NRCI Announces OCS Acquisition Page 2 August 3 , 2010 National Research Corporation , headquartered in Lincoln , Nebraska , is a leading provider of performance measurement , improvement services and governance education to the healthcare industry in the United States and Canada . This press release includes " forward - looking " statements related to National Research Corporation ( " the Company " ) that can generally be identified as describing the Company ' s future plans , objectives or goals . Such forward - looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated . These forward - looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . For further information about the factors that could affect the Company 's future results , please see the Company 's filings with the Securities and Exchange Commission . - END -
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