FOR RELEASE: July 9, 1993

Overland Park, KS July 9, 1993 -– Baker & Associates, a mergers and acquisitions consultant located in Overland Park, Kansas announced today that it represented a successful merger with Medifax, Inc., Overland Park, Kansas and Welsh, Carson, Anderson and Stowe, VI, L.P. (WCAS VI), New York, New York. Medifax Inc., serves as an outsourced management service for hospitals and clinics by providing products to gather, manage, and distribute dictated physician’s notes. The value of the transaction was $17,500,000.

Jerry Baker, the President and founder of Baker & Associates commented that he introduced Medifax, which was owned by John Dayani, to Bruce Anderson, a partner of Welsh, Carson, Anderson, and Stowe in the fall of 1992. After a significant due diligence process Baker & Associates was able to help both parties in the transaction. Medifax primarily has developed a sophisticated clinical information system capable of automating patient files in hospitals. A primary function of the program is to allow Doctors to enter patient information by voice into the patient history file and then when reviewing patient files, will be able to access it immediately through the computer at the patients bed side.

Baker & Associates is a privately owned full-service mergers and acquisitions consultant that operates in Overland Park, KS with a significant focus in the healthcare industry. The firm offers services on both the buy-side and sell-side of a transaction, including the securing of buyers and sellers, contract negotiation, due diligence, business valuation and other consulting and advisory services. For more information on this transaction, please contact Baker & Associates at 1-888-792-2537.


Contact Information

Telephone:  (913) 897-9199

Fax:  (913) 851-0678

Address: 13108 Linden Lane
       Leawood, Kansas 66209


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