Press Releases

Wexford, Pennsylvania — Millennium Pharmacy Systems, Inc (MPS) has signed a contract with Meadowview Manor Health Care Center in Bridgeport, West Virginia, its first facility in the state. The company is now servicing more than 100 facilities in four states: Pennsylvania, Maryland, Delaware, and West Virginia.

Traci Henderson, Meadowview Administrator, states “The Millennium system was more advanced than others and offered a connection to the pharmacy as part of their solution.”

Millennium’s successful growth is a direct result of superior customer service and unique pharmacy dispensing linked with proprietary software for e-prescribing, documentation and communication management. “Since Millennium launched its product in 2003, our customers have experienced improved clinical outcomes and a reduction in pharmacy expenses. We listen to our customers, creating a service that supports exceptional care to their residents while surpassing previous pharmacy experiences,” states Lena Sturgeon, RN, and Executive Vice President for the company.

Richard Scardina, CEO, Millennium Pharmacy Systems states “MPS will seek more opportunities in the West Virginia area, as well as bordering states of Virginia and Ohio and is embarking on a plan to establish pharmacies in a number of additional states.”

About Millennium Pharmacy Systems
Millennium Pharmacy Systems (MPS) offers the most advanced technology to manage pharmacy operations in the long-term care industry. Founded in 2001, the MPS system integrates and addresses all key aspects of the pharmacy services chain into one comprehensive solution. Customers benefit by increasing compliance and nursing efficiency, reducing costs, and ultimately ensuring resident safety. The company, headquartered in Wexford, Pennsylvania, operates four regional pharmacies which serve more than 17, 000 residents living in more than 95 nursing and assisted living communities.

Wexford, Penn. (Sept. 23, 2008) — Inc. Magazine has ranked Millennium Pharmacy Systems (MPS) 284th on the Inc. 500 Fastest-Growing Companies in the United States list for 2008. This is the second year the magazine has recognized the company; Millennium was ranked at 159th in 2007. When categorized by industry, Millennium is listed 17th among honorees in the health industry.

Millennium Pharmacy Systems’ revenue growth was calculated to be 967.6% since 2004, employing 239 people. Currently marketing its services in Pennsylvania, Maryland, Delaware, Washington DC, Ohio, and West Virginia, Millennium is growing as it adds pharmacy locations and expands distribution into new territories. MPS serves the growing industry of assisted living and skilled nursing facilities as a technology enabled pharmacy specializing in long term care. Millennium is the leader of innovation in clinically focused solutions for long term care pharmacy, a practice that is just beginning to demonstrate the benefits realized by adding automation. In contrast to software providers and traditional pharmacies, Millennium operates its own full-service pharmacies connected to its customers through a proprietary wireless technology and documentation system. The MPS system offers a state-of-the-art solution to facility level, labor intensive manual processes that preserve precious resources.

About Millennium Pharmacy Systems
Millennium Pharmacy Systems (MPS) offers the most advanced technology to manage pharmacy operations in the long-term care industry. Founded in 2001, the MPS system integrates and addresses all key aspects of the pharmacy services chain into one comprehensive solution. Customers benefit by increasing compliance and nursing efficiency, reducing costs, and ultimately ensuring resident safety. The company, headquartered in Wexford, Pennsylvania, operates four regional pharmacies which serve more than 17, 000 residents living in more than 95 nursing and assisted living communities.

Wexford, Penn. (Sept. 10, 2008) -- Millennium Pharmacy Systems, Inc., an industry leader in the provision of technology enabled pharmacy solutions to senior healthcare facilities, announced today the appointment of Richard Scardina as Chief Executive Officer. Mr. Scardina has served on the Millennium Board of Directors since October 2007. Most recently he was self-employed as an independent consultant after serving as an executive with Caremark Rx, Inc.

Gary Duty, a founder of the company, will continue to serve as the company’s President and a Director. Mr. Duty commented that, “Mr. Scardina is joining the company at an exciting time as we embark on an expansion plan which will include 8-10 new markets over the next three years. Rich’s background and knowledge of organic business growth will be key to our successful deployment in new markets.”

Mr. Scardina stated, “Millennium provides the only truly integrated solution offering computerized order entry, automated dispensing, and electronic barcode-based administration of each patient’s medications with proven performance across a sizable customer base. It greatly improves patient safety, compliance and nursing efficiency. I am very excited to be joining the company at this time and look forward to working with Gary and the management team as we quickly expand into new markets.”

Millennium Pharmacy Systems provides pharmacy and technology services to the long-term care industry including skilled nursing and assisted-living facilities. Its institutional investors include CHL Medical Partners, Boulder Ventures, Essex Woodlands Health Ventures and Ascension Health Ventures. Visit the Millennium Pharmacy Systems Web site (www.mpsrx.com) for more information.

Wexford, PA./PRNewswire/ --- Millennium Pharmacy Systems ("MPSRx"), a privately-held healthcare services company providing contract pharmacy services to the long term-care industry, announced the recent completion of a $40 million equity financing. Essex Woodlands Health Ventures (EWHV) led the investment group, which included new investors Ascension Health Ventures and Steve Wiggins, an Operating Partner at EWHV, and existing investors CHL Medical Partners, Boulder Ventures, and individuals.

"We are pleased to secure the financing needed to facilitate the continued rapid scaling of our innovative business," said Gary Duty, President and Chief Executive Officer and a co-founder of MPSRx. "We believe that the MPSRx system is now gaining benchmark status as the standard of medication management in the long-term care industry." Mr. Duty co-founded MPSRx with William Gatti and Steven Brody, successful entrepreneurs in the institutional pharmacy and long-term care businesses. The senior management team also includes co-founder Lena Sturgeon, a seasoned long-term care pharmacy and skilled nursing facility executive, as Chief Operating Officer; Michael Gold, Senior Vice President Marketing and Business Development , an executive with extensive experience in pharmaceutical services; and Suresh Vishnubhatla, who joined the Company in early 2007 as the Chief Technology Officer.

"We are excited about Millennium's imaginative technology-driven business model for improving the care and safety of nursing home patients and pleased to join with this proven team of entrepreneurs and managers to help them build MPSRx into an industry leader in long-term care services," said Mark Pacala, a Managing Director at EWHV and newly appointed Director of the six-year-old company.

The equity infusion will be utilized primarily for working capital to enable the company to continue its rapid pace of uninterrupted organic growth in the traditional long term care pharmacy services market.

The company raised its first institutional round of financing, led by CHL Medical Partners and including Boulder Ventures and individuals, in September 2005. The present raise brings the total of the Company's committed growth equity capital to over $60 million since its startup in 2001.

About Millennium Pharmacy Systems, Inc. (www.MPSRx.com)

Millennium Pharmacy Systems is a pioneer in the field of medication management systems for the long term care industry. The company utilizes advanced information handling technologies and informatics-driven logistics to provide a virtually error-free environment for managing and administering medications for residents of nursing home facilities. For further information please visit www.MPSRx.com.

Contact: Dena Rose
Rose Stein Inc.
412-481-5807
mobile: 412-498-2872
drose@rosestein.com

Our bar code medication solution is put on display at the 39th Annual Assembly in Harrisburg. The PSHP assembly is the premier event for pharmacy technology companies to show off solutions of success with pharmacy technology, bar code medication solutions, pharmacy automation solutions and more. This year's theme is to "think out of the box" to make the event more of an interactive learning experience for visitors and vendors to learn more about pharmacy technology...

MPSRx has recently added their leave of absence (LOA) message notifier, a module that communicates with QS/1. This essentially is a messenger from MPSRx to the pharmacy that allows residents medications to be sent with them on their leave of absence without requiring a phone call or fax to the pharmacy. This feature exhibits the power and flexibility of the MPSRx pharmacy automation package.

With the introduction of the MPSRx live performance analysis feature, nurses may request assistance using the system check at any time via an easy to use and understand graphical interface. The check includes a bandwidth test which notifies the technology department of any network issues. This effectively troubleshoots network issues at any time that may slow down the electronic process.

MPS has recently added Batch Formulary Checks to their paperless pharmacy system. This new feature allows medical staff to pick up a patient's file at anytime to check for their formulary coverage. The system also checks for possible alternative medications as well. Staff members can also check patient profile summaries for formulary compliance at any time.

Millennium Pharmacy has recently added a new feature to their pharmacy automation software package that processes auto generic substitutions for prescriptions. The new feature adds logic that automatically reads the pharmacy's inventory on hand and then creates the automatic generic substitution.

The process works like this: When an order is created, usually the physician enters the brand name of the drug, not the generic name. Since most insurances don't cover brand names of drugs, the MPSRx solution substitutes the medication for the generic name. For example, Coumadin would be substituted with Warfarim. The physician needs only to recognize the brand name to submit the prescription. MPSRx automatically substitutes the medication with the generic equivalent for them.

Millennium Pharmacy's newly added feature performs a real-time system check to recognize orders (during order entry) for PDP status and warns users of prior authorization and non-coverage.

This feature effectively removes the burden of understanding the Medicare Part D rules. This in turn streamlines the process and also performs stop checks for coverage immediately — all while increasing efficiency and eliminating timely and sometimes useless paths of phone calling, faxing and so on.

MPS states that this new feature also checks a patient's profile against their formulary as well.

WEXFORD, Pa., Nov. 17 /PRNewswire/ -- Millennium Pharmacy Systems, a privately-held healthcare company providing contract pharmacy services to the long term care industry, announced the recent completion of a $14.5 million equity financing. CHL Medical Partners led the capital raise and was joined by Boulder Ventures. Both firms are new investors in the company.

With this feature staff members can easily identify patients upon bringing up the patient's electronic staff records. This is another way to help eliminate medication errors by placing a face with a patient's name. Staff members can easily upload patient photos through the easy to use web-based interface.

MPS has announced their newest feature to the MPSRx pharmacy automation package, Plan of Care Specific Frequencies. Now frequencies can be tied to only plan of care orders This simplifies and minimizes confusion during order entry.

MPS has recently added a message alert system for the MPSRx pharmacy automation software. This feature lets users know immediately of alerts and messages to the system. Notification is given in the form of an envelope displaying within the interface, similar to email applications that so many users are familiar with. The new message system notifies users of Prior Authorization Warnings, Request Pharmacy Refills, Patient Administration, Pour With Unavailable Barcode, Outside Provider Medication and many others.

This new time-saving feature allows nursing homes to pre-configure common orders including the time consuming admission templates. MPS created the ability to say for every newly admitted patient to automatically generate an order with all the necessary medications and equipment setups automatically.

This newly added feature allows the MPSRx system to link specific medications, routes, frequencies and drug classes to requirements for clinical documents. This feature acts as a great reminder for staff to perform other required tasks. For instance, if a staff member administers a blood pressure test, the system requires the blood pressure reading to be entered into the system. This feature helps facilities keep in compliance. Instead of a nurse having to remember to document a blood pressure reading, the system reminds the nurse that the form must be completed before continuing.

Sept 04 Millennium Pharmacy has recently added a new feature to their pharmacy automation software package. In the past, special medications, such as vital signs, blood pressure, water flush (as well as others) had to be entered into the pharmacy system manually. The new feature gives users the ability to set the status of any special medication to auto-approve. This removes the requirement of pharmacists to intervene with the process to approve the meds.

Wexford, PA -- August 4, 2004 -- Millennium Pharmacy Systems, Inc. (MPS), a pioneering firm in the development and deployment of automated medication management systems for the long-term care industry, today announced the addition of three long-term care (LTC) facilities to its roster of clients, expanding the Company's base from seven to 10 institutions. With the addition of the new facilities, MPS now serves nearly 1,000 patients with its automated medication management system, MPSRx.

WEXFORD, Pa., June 2 /PRNewswire/ -- Millennium Pharmacy Systems, Inc. (MPS), a pioneering firm in the development and deployment of automated medication management systems for the long-term care industry, today announced the appointment of Lena Sturgeon to the position of Executive Vice President and Chief Operating Officer. Ms. Sturgeon, an experienced healthcare professional with over 20 years of diversified background in long-term care and pharmacy management operations, was previously Senior Vice President for Nursing Home Operations for the Pittsburgh based company.