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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
February 12, 1998
(January 28, 1998)
Date of Report
(Date of Earliest Event Reported)
SHARED MEDICAL SYSTEMS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-7416 23-1704148
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
51 Valley Stream Parkway, Malvern, Pennsylvania 19355
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(Address of Principal Executive Offices) (Zip Code)
(610) 219-6300
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
The Registrant announced on January 28, 1998 that it has acquired Data-Plan
Software GmbH ("Data-Plan") in a transaction to be accounted for as a pooling of
interests. In the transaction, Data-Plan shareholders received approximately
1,100,000 shares of the Registrant's Common Stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Press Release dated January 28, 1998 announcing the acquisition.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SHARED MEDICAL SYSTEMS CORPORATION
(Registrant)
Date: February 12, 1998 By: /s/ Terrence W. Kyle
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Terrence W. Kyle,
Senior Vice President
Chief Financial Officer
Treasurer and Assistant Secretary
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Exhibit 99
SMS ANNOUNCES ACQUISITION OF
DATA-PLAN SOFTWARE GmbH
Two of the Largest Health Information Companies in Germany Merge
MALVERN, PA (January 28, 1998)--Shared Medical Systems Corporation (SMS),
(NYSE: SMS) the leading supplier of information systems and services for health
providers worldwide announced today that it has acquired Data-Plan Software GmbH
(Data-Plan), a major provider of client/server clinical, financial, and
administrative health information systems in Germany. This acquisition expands
SMS' already strong market share and enhances the products and services
available to hospitals and health providers in Germany.
Data-Plan, based in St. Wolfgang, Germany, markets the most successful
integrated client/server health information system in Germany. The company has
over 200 employees and currently serves over 300 hospitals. In 1997, Data-Plan
had revenues in excess of 25 million dollars (US).
"This acquisition, which will be accretive in 1998, provides SMS with increased
market share and strengthens our leadership position in the European health
information market," commented Marvin S. Cadwell, President and Chief Executive
Officer, SMS. "We continue to see opportunities for growth as we expand the
information systems and services available to our customers worldwide."
"Data-Plan's development and technology directions complement SMS' strategy for
providing a full range of information systems and services to meet the needs of
health providers in Europe," added Guillermo Ramas, Senior Vice President, SMS
and President SMS International. "Combining the resources and expertise of SMS
and Data-Plan positions us to continue the process of delivering advanced
client/server information systems on an accelerated basis that benefit our
customers throughout Europe while achieving clear leadership in the important
German market."
"We are very excited about the opportunities presented by this merger," added
Werner Unterhaslberger, Geschaftsfuher (CEO), Data-Plan. "Joining with SMS
increases the development resources and distribution channels available to Data-
Plan and enhances the services available to our customers. Data-Plan customers
will benefit from both the continued support and enhancement of their current
system and the availability of additional SMS systems and services."
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The acquisition will be accounted for as a pooling of interests. Data-Plan
shareholders received approximately 1.1 million shares of SMS stock in the
transaction.
SMS is the leading supplier of information systems and services for health
providers worldwide. The company, based in Malvern, Pennsylvania, serves over
3,000 health organizations in 20 countries. Information about SMS' systems and
services is available on the World Wide Web at http://www.smed.com.
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SMS is a registered trademark of Shared Medical Systems Corporation. All other
referenced company and product names are trademarks of their respective
companies.
INVESTOR INQUIRIES, CONTACT: MaryBeth Alvin 610-219-6528
PRESS INQUIRIES, CONTACT: Julie McDowell 610-219-8827
