The proceeds ofup to $1100000 will be used for financing acquisitions
The proceeds ofup to $1,100,000 will be used for financing acquisitions, including theSylvan Lake property acquisition announced by Hemisphere Energy on May 4,2009, and general working capital purposes. (NYSE: DRI), the world's largestfull-service restaurant operating company. For more information aboutLongHorn, please visit Restaurants, Inc.Rich Jeffers of Darden Restaurants, Inc., +1-407-245-4189,. *Emulex letter urges shareholders against Broadcom offer Stocks | Mergers & Acquisitions *Emulex says Broadcom looking to remove Emulex board *Broadcom shares down 1.3 pct, Emulex shares down 0.8 pct NEW YORK, May 26 (Reuters) - Emulex Corp (ELX.N) warnedshareholders on Tuesday against accepting a hostile takeoverbid for the company from storage chip rival Broadcom Corp(BRCM.O) in a letter from Emulex Chief Executive Jim McCluney. The executive said he believes Broadcom's consentsolicitation "aims to ultimately remove Emulex's entire Boardof Directors and appoint in its place nominees hand-picked byBroadcom." Emulex has argued that Broadcom's acquisition offer of $764million or $9.25 per share is "grossly inadequate" In an effort to show shareholders that they could expectstrong growth from Emulex in the future, McCluney said thecompany would double its addressable market to nearly $1.5billion by calendar year 2013. Emulex also expects 12 design contracts in the last severalmonths would support most of an expected $150 million revenuefrom converged storage network technology in fiscal year 2012,he said He forecast 2012 revenue of $600 million. McCluney said Broadcom was aware of the multimillion dollarcontracts when it launched its unsolicited tender offer forEmulex as the companies had competed directly against eachother for almost half of the contracts (Reporting by Sinead Carew, editing by Gerald E McCormick) Stocks Mergers & Acquisitions.
Health system to implement release-of-information (ROI) solution to improvecontrol of its ROI process and streamline delivery of medical recordsKING OF PRUSSIA, Pa.--(Business Wire)--MRO Corp., the market leader of shared-services, release-of-information (ROI)and audit tracking solutions for healthcare providers, today announced acontract with DeKalb Medical (Decatur, Ga.) to provide the non-profit healthsystem with the company`s ROI Online software and service. The ROI processing solution will allow the medical records department to exertmore control over the ROI process, efficiently respond to ROI requests andstreamline delivery to internal and external requesters. The 775-physicianhealth system, which is comprised of three hospital campuses, went live withMRO`s ROI Online solution in March 2009. "Although we had been working with a Georgia-based ROI processing vendor fornearly six years, we turned to MRO because the company`s shared-servicesoffering better positions us to generate revenue and achieve a return on ourinvestment," said Ron McCranie, director of medical records for DeKalb Medical."The MRO solution takes the burden off our HIM staff and allows us to focus onwhat we do best." Once a medical records request has been received by DeKalb Medical`s HIMdepartment, the relevant charts are uploaded onto ROI Online. MRO then completesthe process, including handling requester communications and fulfillmentrequirements from billing, collections and logging/tracking to the distributionof requested records. MRO then remits a percentage of the revenue back to thehealth system on a monthly basis.
In addition to ROI Online, DeKalb Medical is currently evaluating the use ofMRO`s Audit Tracker Online application to manage incoming payer audit requestsfrom initial medical records request through the appeals process and paymentresolution. This audit tracking and reporting solution can be fully integratedwith the ROI process or can work as a standalone offering for thoseorganizations not using MRO`s ROI Online. The planned Recovery Audit Contractors(RAC) process is scheduled to begin in the state of Georgia on Aug 1, 2009. About DeKalb MedicalServing the community since 1961, DeKalb Medical is a not-for-profit hospitalsystem in metro Atlanta that includes the 451-bed DeKalb Medical at NorthDecatur, the 76-bed DeKalb Medical at Downtown Decatur, the 100-bed DeKalbMedical at Hillandale in Lithonia and primary care locations throughout thecommunity. A leader in progressive medical technology delivered by a highlyqualified and caring staff, the hospital system serves approximately 500,000patients annually. DeKalb Medical has been recognized by HealthGrades as one ofthe top 5 percent hospitals in the nation for clinical excellence. For moreinformation about DeKalb Medical, visit About MRO Corp.MRO is the market leader of shared-service, release-of-information (ROI) andaudit tracking solutions for healthcare providers.