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FOR IMMEDIATE RELEASE
OPUS
Health Sells to Dendrite International
SOUTHPORT, Connecticut,
September 6, 2006
-- Carter Morse & Mathias (“CM&M”)
today announced that Opus Health, LLC (“
OPUS
Health”), a leading provider of direct-to-patient persistence
technologies to the pharmaceutical industry, has sold substantially all of
its assets to Dendrite International, Inc. (NASDAQ:
DRTE
).
OPUS
Health, a wholly-owned subsidiary of OCI Ventures, LLC, was founded in
1996 and is based in Hauppauge, NY. CM&M
was OPUS
Health’s
exclusive financial advisor in arranging, structuring and negotiating the
transaction.
The sale of OPUS
Health to Dendrite enables the combined companies to provide the
industry’s most complete end-to-end, multi-channel patient persistence
solution, which links pharmaceutical companies, prescribers, pharmacies
and patients. The tendency
for patients to drop drug therapy, particularly for chronic conditions, is
a far-reaching problem for all key healthcare constituents: patient,
provider, payer, pharmaceutical/biotech manufacturer, pharmacy and
government. With this
transaction, Dendrite adds its breadth of marketing services around OPUS
Health technology to deliver complete patient persistence programs and
analysis.
OPUS
Health will operate as a division of Dendrite within Dendrite’s
Marketing Solutions business. Dendrite and
OPUS
Health have already collaborated in providing such programs for more than
40 pharmaceutical brands. This
strategic acquisition reinforces Dendrite’s early lead as a provider of
electronic direct-to-patient programs in the
United States
.
"Dendrite has always been an industry visionary and we are glad to
be joining the Dendrite family,” said Harvey Brofman, a founder of
OPUS
Health and
CEO
of the company prior to its sale to Dendrite.
"With the acquisition of
OPUS
Health into its Marketing Solutions group, Dendrite has a more powerful,
streamlined solution in the area of patient persistence.
We also believe that being part of Dendrite will enhance our
product offering to partners and strengthen our relationships with
them.” Mr. Brofman will
serve as vice president and general manager of the
OPUS
Health group at Dendrite.
“The
acquisition of OPUS Health is consistent with our strategy to be a leader
in direct-to-patient persistence solutions,” said Carl Cohen, president
of Dendrite Marketing Solutions. “Patients
respond to the solution because of its ease of use, instant point-of-sale
nature, and availability at their local pharmacies.
Our customers and other healthcare constituents value the
end-to-end nature of our programs, which improve patient health and help
lower overall costs.”
*****************************
Carter
Morse & Mathias is a regional investment-banking firm, founded in 1987
and headquartered in Southport
,
Connecticut
.
It specializes in merger and acquisition advisory activities, private
placements of institutional capital, strategic consulting and financial
advisory services and business valuations for entrepreneurial companies.
Its affiliate, Carter Capital Corporation, is a broker-dealer registered
with the NASD and the SEC.
For
additional information, please visit www.cartermorse.com
or contact Gary Mathias directly at
203-431-2446
or via email to gary@cartermorse.com
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