<PAGE>
Exhibit 99.1
Thursday June 15, 9:12 am Eastern Time
Company Press Release
SOURCE: Data Critical Corporation
Data Critical Corporation Adopts Stockholder Rights Plan; Declares Dividend
Distribution of Preferred Share Purchase Rights
BOTHELL, Wash., June 15 /PRNewswire/ -- news
Data Critical announced that its Board of Directors has adopted a
Stockholder Rights Plan and declared a dividend distribution of one Preferred
Share Purchase Right on each outstanding share of Data Critical Common Stock
today.
According to Jeff Brown, president and CEO of Data Critical, "Given general
market conditions and the recent depression in our stock price, the Board felt
it appropriate to take steps to ensure that all of Data Critical's stockholders
receive fair and equal treatment in the event of a proposed takeover of Data
Critical, and to guard against any abusive tactics to gain control of Data
Critical without paying all stockholders a control premium. Management and the
Board feel that the Company's stock has been undervalued lately and we want to
do what we can to protect our shareholders' value." The Company indicated that
the Rights will initially trade with shares of the Company's Common Stock and
have no impact on the way in which its shares are traded. The distribution of
the Rights will be payable to stockholders of record on July 21, 2000. The
Rights will expire on July 21, 2010. The Rights will not become exercisable
until ten days after a person or group announces acquisition of 20% or more of
Data Critical's outstanding Common Stock or the commencement of a tender offer
for 20% or more of the outstanding Common Stock. Each Right will entitle
stockholders to buy one one-thousandth of a share of the Company's Series A
Participating Preferred Stock at an exercise price of $75.
In addition, the Rights will entitle stockholders other than the potential
acquirer to purchase, at the then current exercise price, that number of shares
of the Company's Common Stock having a market value of twice the exercise price.
If the Company then sells more than 50% of its assets or earning power or is
acquired in a merger or other business combination transaction, the Rights would
further permit the holder to purchase the common stock of the acquirer at the
same discounted price. Under certain circumstances, the Company's board of
directors may also exchange the Rights (other than those owned by the acquirer
or its affiliates) for its Common Stock at an exchange ratio of one share of
Common Stock per Right or redeem the Rights at their option. The Company
indicated that more complete details of the Rights will be provided in a letter
to be mailed to all stockholders shortly.
About Data Critical Corporation
Data Critical Corporation develops and distributes wireless and Internet
systems for communicating critical healthcare data. The company offers
StatView(TM), AlarmView(TM) and FlexView(TM), a line of wireless alarm
notification products for hospitals. It also provides MobileView(TM) and
ECGStat(TM), a line of wireless products for physicians as well as WebChart(TM),
an Internet-based solution for physician charting. Data Critical's physician
products are available through a single Internet platform, unwiredDr.com. The
company has more than twenty partnerships with industry leaders such as Aether
Systems, Agilent Technologies, Boston Scientific, CRITIKON, drugstore.com,
Edwards Lifesciences, GE Marquette, Medtronic Physio-Control, Nellcor Puritan
Bennett (Mallinckrodt) and Siemens Medical Systems. Data Critical has sold more
than 330 wireless alarm notification systems to nearly 200 U.S. hospitals.
Additional information about Data Critical is available at www.datacritical.com.
Except for the historical information presented, the matters discussed in
this press release include forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially from any
future results, performance or achievements expressed or implied by such
statements. Such risks and uncertainties include those described in Data
Critical's periodic filings with the SEC including its 10K, 10Q and registration
statement on Form S-1 that was declared effective on November 8, 1999. Copies of
Data Critical's public disclosure filings with the SEC are available from its
investor relations department.
SOURCE: Data Critical Corporation
