BNET Industries

Market Cap:$143.2M
Last Fiscal Year Sales:$49.8M
  • Public
  • US
Dow Jones Description

AMICAS, Inc. (we, us, our, AMICAS or the Company) is the leading independent provider of imaging IT solutions. AMICAS offers the industrys most comprehensive suite of image and information management solutions from radiology PACS to cardiology PACS, from radiology information systems to cardiovascular information systems, from business intelligence tools to enterprise content management tools, from revenue cycle management solutions to teleradiology solutions. AMICAS provides a complete, end-to-end solution for imaging centers, ambulatory care facilities, and radiology practices. Hospitals are provided with a comprehensive image management solution for cardiology and radiology that complements existing EMR strategies to enhance clinical, operational, and administrative functions. Our solutions are designed to drive productivity and quality improvements for image-intensive specialties across the continuum of care. AMICAS solutions are installed at thousands of facilities across the United States ranging from the largest integrated delivery networks (IDNs) to the smallest imaging centers. We are focused on two primary markets: ambulatory imaging businesses and acute care facilities. Acute care facilities consist primarily of integrated delivery networks (IDNs) and hospitals. In the acute care market, we are focused on delivering workflow support for image-intensive departments, including radiology and cardiology. ...

President, CEO and Chairman
Stephen N. Kahane
Number of Employees 230
Contact Information

20 Guest Street

Suite 400

Boston, Massachusetts 02135

amicas.com

617.779.7878

NAICS Code Diagnostic Imaging Centers: 621512

Recent Events

  • AMICAS Reports Financial Results for the Third Quarter Ended September 30, 2009

    11/03/09 - Financial Announcement - View Story

  • AMICAS Gets Help From TAS Group

    10/14/09 - Licensing / Contract - View Story

  • Amicas to unveil updated RIS at RBMA

    10/07/09 - Product Announcement - View Story

  • Case Study: Using Teleradiology to Grow an Image Reading Business

    9/23/09 - Licensing / Contract - View Story

  • Raymond James Upgrades Amicas AMCS to Outperform

    8/20/09 - Bond / Stock Rating - View Story

  • Amicas rises following upgrade from Raymond James

    8/20/09 - Merger / Acquisition - View Story

  • Amicas Q2 losses widen, despite strong revenues

    8/08/09 - Financial Announcement - View Story

  • Booth Radiology Extends and Elevates Partnership With AMICAS

    7/27/09 - Joint Venture / Alliance - View Story

  • AMICAS Reports Financial Results for the Second Quarter Ended June 30, 2009

    8/05/09 - Financial Announcement - View Story

News & Analysis

amicas inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Kang Wang Senior Vice President, R&D, Cto
Kevin Burns Senior Vice President and Chief Financial Officer
Allen Scales Senior Vice President, Strategy
Frank Stearns Senior Vice President of Client Solutions
Glen Lefeber Senior Vice President, Client Services
Keith Stahlhut Senior Vice President, Sales
Paul Merrild Senior Vice President, Marketing & Business Development
Amy Vreeland Vice President, Insight Services
Barry Gutwillig Amicas Vice President of Strategic Initiatives & P
Craig Newfield Vice President
Denise Mitchell Vice President, Human Resources
Don Naugler Vice President, Client Services
John Esposito Vice President, Sales, East
Kurt Hammond Vice President, Sales, South, West, and Midwest
Rodney Hawkins Vice President, Product Management
Scott Areglado Vice President, Finance, and Controller
Stuart Long Vice President, Sales
Aine Cryts Marketing Communications Manager

Board of Directors

Name (plus bio) Position
Stephen N. Kahane President, CEO and Chairman
Stephen J. Denelsky Chairperson
Stephen J. Lifshatz Chairperson
David B. Shepherd Board of Directors
John J Sviokla Vice Chairman, Diamondcluster International
John J. Sviokla Board of Directors
Joseph Hill Board of Directors
Kenneth R. Adams Board of Directors
Lisa W. Zappala Board of Directors
Michael A. Manto Board of Directors
Philip M. Berman Board of Directors
Phillip M. Berman Board of Directors

Dr. Kahane, an industry veteran with a track record of driving companies' growth and market leadership, is the chief executive officer and chairman of AMICAS. Under Dr. Kahane's leadership and direction, AMICAS has become one of the largest and most influential providers of IT solutions in the radiology market. Previously, Dr. Kahane was chief strategy officer and vice chairman of the board of directors for VitalWorks Inc., a leading provider of healthcare image and information management technology for physician office practices, imaging centers, hospitals, and other healthcare provider organizations. Prior to VitalWorks, he was CEO of Datamedic, a healthcare technology firm specializing in electronic medical records and practice management software and services. Dr. Kahane holds an M.S. in computer science from the Johns Hopkins University and an M.D. from Emory University. After completing his residency at Johns Hopkins, he became their medical director of information systems and served on their faculty.

Organization Position Status
Amicas, Inc. President, CEO and Chairman Current
Aspen Technology, Inc. Chief Financial Officer Former
Emory University M.D. Former

As Senior VP, R&D / CTO, Dr. Wang is responsible for the R&D department at AMICAS. Under his leadership, AMICAS has streamlined its software engineering processes and has developed its industry-acclaimed PACS, RIS, billing, and decision support products. Prior to AMICAS, Dr. Wang was the chief technology officer of W3Health Corp. As a founding member of this Web-based healthcare software system vendor, he actively participated in the planning and launching of the company, built the development team, and developed the systema s architecture. Prior to joining W3Health, he was an instructor at Harvard Medical School, where his team implemented the world's first Web-based real-time intensive care unit patient monitoring system in 1995. He also participated in the development of a secure system for sharing electronic medical records across multiple healthcare facilities. Dr. Wang received his PhD in computer science from Bremen University in Bremen, Germany, and his BA and MS degrees in computer science from the Beijing University of Aeronautics and Astronautics in Beijing, China. Dr. Wang has been a frequent speaker at various industry conferences including a JavaOne conference in the U.S., the Korea Oracle Healthcare Conference, and the Sun Microsystem Internet Technology Conference in Germany. His professional achievements have been noted in more than 20 professional journals or conference proceedings.

Organization Position Status
Amicas, Inc. Senior Vice President, R&D, Cto Current
Amicas, Inc. Vice President, Res & Development Former
Harvard Medical School Instructor Former
W3HEALTH Former

Kevin C. Burns , age 38, has served as our senior vice president, Chief Financial Officer since April 2008. Mr. Burns joined AMICAS in November 2004 as our director of finance and business development, and in February 2007 was promoted to vice president of finance and corporate development. Prior to joining AMICAS, Mr. Burns was responsible for corporate planning at NMS Communications, a public telecom equipment company in the wireless applications and infrastructure market, from November 2003 to November 2004. Previously, Mr. Burns was the director of corporate development at Demantra, Inc. and has also held senior management positions in finance, accounting and corporate development at MAPICS, Inc. and Marcam Corporation, both public software companies.

Organization Position Status
Amicas, Inc. Senior Vice President and Chief Financial Officer Current
Demantra, Inc. Director of Corporate Development Former
Babson College Bachelor of Science Former

Allen Scales, who has extensive experience in strategy, product management, business development, and operations, is responsible for strategy at AMICAS. Prior to joining AMICAS, Mr. Scales was senior vice president of product management at Emageon, where he was responsible for product management, marketing, and business development. Previously, he served as vice president of corporate strategy, vice president of product management, and vice president of operations at Emageon. Before Emageon, Mr. Scales served as a product and business development manager for Picker International.EPreviously, Mr. Scales served as director of telemedicine programs and as a research scientist at Nichols Research. Mr. Scales holds bachelors of science and masters of science degrees in electrical engineering from Georgia Institute of Technology.

Organization Position Status
Amicas, Inc. Senior Vice President, Strategy Current
Emageon Inc. Senior Vice President of Product Management Former
Emageon Inc. Vice President of Corporate Strategy Former

Frank E. Stearns Jr. , age 49, joined AMICAS in February 2009 as our senior vice president of client solutions. Prior to joining AMICAS, Mr. Stearns was employed at Eclipsys, a public company providing healthcare information technology solutions, where he served as executive vice president of client operations from January 2007 to July 2008, as Senior Vice President of Professional Services From November 2005 to December 2006, and as the leader of Eclipsys consulting group from January 2003 to November 2005. Prior to Eclipsys, from August 1999 to January 2003, Mr. Stearns served as a Vice President and Partner for Cerner Corporation, a provider of enterprise healthcare software and services. From October 1993 to August 1999, Mr. Stearns held several leadership roles at Computer Sciences Corporation, a worldwide provider of technology products and services focusing in the healthcare sector, including Vice President of Decision Technologies from 1997 to 1999.

Organization Position Status
Amicas, Inc. Senior Vice President of Client Solutions Current
Clark University Masters Former
Clark University Degree Former

In his role as senior vice president of client services, Glen Lefeber, who has been with AMICAS for 27 years, leads client support at AMICAS. Mr. Lefeber began his career at AMICAS as a software engineer, where he focused on developing and deploying revenue cycle management solutions. In addition to his initial role at AMICAS, he has also served as director of implementation and vice president of the Financial Products Group. He has a bachelors degree in business management from Florida Southern College.

Organization Position Status
Amicas, Inc. Senior Vice President, Client Services Current
Amicas, Inc. Software Engineer Former
Florida Southern College Bachelors Degree In Business Management Former

Keith Stahlhut, who has extensive experience in sales and operations management, is responsible for all new business and inside sales activity at AMICAS. Prior to joining AMICAS, Mr. Stahlhut was chief operating officer and senior vice president of sales at Emageon, where he was responsible for all sales, service, and product-related activities. During his time at Emageon, he also served as vice president of national account sales and support. Prior to joining Emageon in 2000, Mr. Stahlhut was general manager of U.S. healthcare sales for EMC. Prior to that, Mr. Stahlhut held sales management positions with Data General Corporation and Unisys Corporation. Mr. Stahlhut holds a bachelor of arts degree from the University of Montevallo and a masters in public administration degree from the University of Alabama.

Organization Position Status
Amicas, Inc. Senior Vice President, Sales Current
Emageon Inc. Chief Operating Officer Former
Emageon Inc. Senior Vice President of Sales Former
The University of Alabama Masters In Public Administration Former
University of Montevallo Bachelor of Arts Degree Former
The University of Alabama Degree Former

In his role as vice president of marketing, Paul Merrild is responsible for all marketing and commercialization efforts for the entire suite of AMICAS product and services. Prior to joining AMICAS in May 2006, Mr. Merrild served as director of strategic partnerships for imaging IT solutions at GE Healthcare, where he was responsible for general management and marketing for all large commercial opportunities on a global basis. Additionally, while at GE, he served on the global product management team for core PACS product development. Mr. Merrild started his career in healthcare with Solucient, where he played a critical role in the development and marketing of software and information products and he also spent several years managing large scale IT consulting engagements. Mr. Merrild holds a BA in economics and psychology from Northwestern University and an MBA from the University of Chicago with concentrations in finance, strategy, and entrepreneurship.

Organization Position Status
Amicas, Inc. Senior Vice President, Marketing & Business Development Current
Amicas, Inc. Vice President of Marketing Former
Solucient, LLC Former
University of Chicago MBA Former
University of Chicago BA In Economics Former

Organization Position Status
Amicas, Inc. Vice President, Insight Services Current

Organization Position Status
Amicas, Inc. Amicas Vice President of Strategic Initiatives & P Current
Northeastern University MBA Former

Organization Position Status
MRO Software, Inc. General Counsel, Vice President & Secretary Current
Amicas, Inc. Vice President Current
Interleaf Vice President Former
Marcam Corporation Counsel Former
MIT Sloan School of Management MS In Management Former
Interleaf General Counsel Former
MIT Sloan School of Management Jd Former
Boston College JD Former
MIT Sloan School of Management Masters of Science degree in Management Former

In her role as vice president of human resources, Denise Mitchell oversees the development, operation, and strategy regarding all human resources-related services at AMICAS. With over 15 years of human resource management experience, Ms. Mitchell brings a breadth and depth of knowledge working in the IT sector throughout her career. Prior to joining AMICAS, Ms. Mitchell held the position of senior director of human resources for Affinity, a Web hosting company headquartered in southern California, where she was responsible for all human resources functions for the company. Prior to Affinity, Denise was senior human resources director and director of integration for FutureLink, a publicly-traded international Application Service Provider headquartered in southern California. Denise holds a BS in biology from Stonehill College in North Easton, MA, and is based in AMICASa Boston corporate headquarters.

Organization Position Status
Amicas, Inc. Vice President, Human Resources Current
Futurelink Director of Integration Former
Stonehill College BS In Biology Former

Organization Position Status
Amicas, Inc. Vice President, Client Services Current
Northeastern University B.S. in Electrical Engineering Former

John Esposito is vice president of sales, East, with 20 years of healthcare/information technology experience in public and private company environments. Mr. Esposito is responsible for sales and systems engineering in the eastern half of the United States, and also acts as AMICAS' liaison to MEDITECH, whose client base is a major focal point for AMICAS' selling efforts. Prior to joining AMICAS, he was vice president of sales and then president and CEO of Mediware Information Systems, a publicly-held clinical information systems company specializing in information systems for hospital blood banks, pharmacies, and surgery departments. Prior to Mediware, John was one of the original members of Data General's "MASH" (Marketing and Sales for Healthcare) team, where he achieved awards including multiple "Million Dollar Clubs," was "Regional Rookie of the Year," and was awarded the healthcare "Outstanding Sales Rep, Eastern Operations" award in 1990. Prior to joining Data General, John was a programmer/analyst at the New York Public Library. John graduated cum laude from Syracuse University in 1982, with a BS degree from the School of Management.

Organization Position Status
Amicas, Inc. Vice President, Sales, East Current
Mediware Information Systems, Inc. CEO Former
Mediware Information Systems, Inc. Vice President Former
New York Public Library Programmer Former
Datagen Former
Syracuse University Former

In his role as vice president of sales, Kurt Hammond leads the South, West, and Midwest sales regions for AMICAS. He brings over 15 years of healthcare sales, marketing, and business development experience in both software and medical devices. Prior to joining AMICAS in August 2003, Mr. Hammond served as director of sales and business development for Acuo Technologies, a venture-backed image management software company. Previously, as vice president of sales and business development for Provation Medical, which markets clinical documentation software, Mr. Hammond built up the sales organization from the ground level. Mr. Hammond received a BA from Miami University (Oxford, OH) and an MBA in strategic management and marketing from the Carlson School of Management at the University of Minnesota.

Organization Position Status
Amicas, Inc. Vice President, Sales, South, West, and Midwest Current
Provation Medical, Inc. Vice President of Sales and Business Development Former
Acuo Technologies, LLC Director of Sales and Business Development Former
Miami University BA Former

Organization Position Status
Amicas, Inc. Vice President, Product Management Current
Northwestern Memorial HealthCare Former
University of Colorado M.A. in Health Policy and Administration Former

Scott Areglado, who has been with AMICAS since 2005, is responsible for financial reporting and financial operations at AMICAS. Prior to joining AMICAS, Mr. Areglado consulted in various Sarbanes Oxley engagements with several large international companies. Previously, he was vice president of finance for a privately held transportation company, where he was responsible for all financial functions. Prior to that, Mr. Areglado served in various roles including as controller, as manager of internal audit for a publicly traded company, and in various roles within public accounting.

Organization Position Status
Amicas, Inc. Vice President, Finance, and Controller Current

Organization Position Status
Amicas, Inc. Vice President, Sales Current
Network Systems Company National Director of Sales Former

Organization Position Status
Amicas, Inc. Marketing Communications Manager Current

Stephen J. DeNelsky, age 41, has served as a director since March 2001. Mr. DeNelsky is currently Senior Research Analyst at 11:11 Capital Management, Inc., an investment firm, where he has served since November 2008. From October 2004 to December 2007, Mr. DeNelsky served as general partner of Sapphire Capital Management LP, a New York based investment fund. From March 2003 until October 2004, Mr. DeNelsky worked as a senior research analyst at Copper Arch Capital, LLC, an investment fund. From November 2001 through March 2003, he served as the portfolio manager of Forstmann-Leff Associates, LLC. In December 2000, Mr. DeNelsky founded Sapphire Capital Management LLC, a New York-based investment fund, and he served as its managing partner until November 2001. From June 1999 until December 2000, he was a senior research analyst in Credit Suisse First Boston s Health Care Equity Research Group, covering primarily the healthcare information technology and e-health sectors. Mr. DeNelsky does not serve on the board of any other public company.

Organization Position Status
Amicas, Inc. Chairperson Current
Amicas, Inc. Board of Directors Current

Organization Position Status
Amicas, Inc. Chairperson Current

David B. Shepherd, age 57, has served as a director since June 2001. Since 1990, Mr. Shepherd has been employed by Louis Dreyfus Property Group LLC, an international commercial property company owned by Louis Dreyfus S.A.S., and currently is its Vice President and Chief Financial Officer and holds equivalent positions at various affiliated joint ventures. Mr. Shepherd also is Vice President and Secretary of LDS Advisors LLC, the sponsor and managing member of LDS Investment Group LLC, a real estate investment fund formed in February 2007. From 1975 until 1990, Mr. Shepherd was a certified public accountant with the audit practice of Ernst & Young LLP. Mr. Shepherd does not serve on the board of any other public company.

Organization Position Status
Amicas, Inc. Board of Directors Current

Organization Position Status
Amicas, Inc. Vice Chairman, Diamondcluster International Current

Organization Position Status
Diamond Management & Technology Consultants, Inc. Vice Chairman and Director, Innovation & Research Current
Longworth Venture Partners Executive Council Current
Diamond Management & Technology Consultants, Inc. Director Current
DiamondCluster International, Inc. Vice Chairman Current
Amicas, Inc. Board of Directors Current
DiamondCluster International, Inc. Managing Director Former
Harvard University M.B.A. Former
Harvard College B.A. Former

Joseph Hill has been our Chief Financial Officer since April 2008. Mr. Hill has more than twenty years of professional experience in finance, including more than fifteen years of experience at the executive level. Prior to joining Metabolix, Mr. Hill served as Senior Vice President, Chief Financial Officer at Amicas, Inc., the leading independent provider of radiology image and information management solutions. At Amicas, Mr. Hill was responsible for all finance, accounting, investor relations, treasury, tax, administration, IT and infrastructure. Prior to that, he was vice president and CFO at Dirig Software, a privately held provider of application performance management software systems. And Mr. Hill previously served as vice president, CFO and Director of Maconomy, a publicly traded provider of web-based business management solutions with more than 70,000 users worldwide. In this role, Hill was responsible for all finance, accounting, treasury, tax, administration, and infrastructure of this public company with offices in eight countries. Mr. Hill has a B.S. in Business Administration from Bryant College and a M.S.F. from Bentley College.

Organization Position Status
Metabolix, Inc. Chief Financial Officer Current
Amicas, Inc. Board of Directors Current
Maconomy Corporation CFO Former
Amicas, Inc. Chief Financial Officer Former
Dirig Software, Inc. Chief Financial Officer Former
Amicas, Inc. Senior Vice President Former
Maconomy Corporation vice president Former
Dirig Software, Inc. Vice President Former
Maconomy Corporation Director Former
Bryant College B.S. Former

Organization Position Status
Amicas, Inc. Board of Directors Current

Ms. Zappala, currently an independent consultant, was, from 1995 to 2003, Senior Vice President, Treasurer and, from 1998 to 2003, Chief Financial Officer of Aspen Technology, Inc., then a $300 million publicly traded software and services company. While at Aspen Technology, Ms. Zappala helped complete successful public and private equity fundraising rounds totaling over $400 million, as well as more than a dozen acquisitions. Ms. Zappala also serves on the board of Amicas, Inc., a publicly traded software company, as well as another privately held company. Prior to Aspen Technology, from 1981 to 1993, she practiced public accounting as a CPA at Arthur Andersen & Co. Ms. Zappala's term of office expires in 2008. There are no family relationships among any of our directors or executive officers. Messrs. Adik, Smith, Socha and Fox and Ms. Zappala, representing a majority of our directors, are determined to be independent under the rules of the National Association for Securities Dealers. Our board holds regularly scheduled meetings at which only these independent directors are present.

Organization Position Status
Amicas, Inc. Board of Directors Current
Aspen Technology, Inc. CFO Former
Beacon Power Corporation Director Current

Organization Position Status
Amicas, Inc. Board of Directors Current
Outlooksoft Corporation Current
Amicas, Inc. Director Former

Organization Position Status
Amicas, Inc. Board of Directors Current

Organization Position Status
Amicas, Inc. Board of Directors Current

Executive News

  • Amicas Q2 losses widen, despite strong revenues

    HealthImaging - 8/08/09 - View Story

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     AMCS $3.99 +0.08 (2.05% )
Average Volume 117,021
Shares Outstanding 35.91M
Market Cap 143.3M
Year High 4.15
Year Low 1.27
Earnings Per Share -0.91
P/E Ratio -4.38
Dividend N/A
Yield N/A
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