STOCKHOLM, Sweden and MOUNTAIN VIEW, Calif., April 1, 2005 /PRNewswire-FirstCall via COMTEX/ -- Elekta AB (publ) (SSE: EKTAb) and IMPAC Medical
Systems, Inc. (Nasdaq: IMPC) today announced the expiration of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating
to the previously announced agreement for Elekta to acquire IMPAC by merger.
The expiration of the Hart-Scott-Rodino waiting period satisfies one of the
conditions for Elekta's acquisition of IMPAC. Consummation of the merger
remains subject to other customary closing conditions, including approval of
the merger by IMPAC stockholders holding a majority of its outstanding shares
at the stockholders' meeting scheduled for April 4, 2005. If IMPAC's
stockholders approve the merger, the acquisition is expected to close promptly
thereafter.
About IMPAC
Founded in 1990, IMPAC is the leading provider of oncology management
software and has expanded its core system to include a complete electronic
medical record (EMR) for radiation and medical oncology, digital image
management, full-featured practice management, laboratory information systems
and cancer registry. IMPAC supports the entire team of healthcare
professionals who contribute to the care of the cancer patient. In North
America, IMPAC's systems are installed in over 1,300 oncology centers, over
1,100 cancer registry operations and over 400 pathology laboratories.
IMPAC also provides the ability to connect to multiple healthcare
information and imaging systems via the HL7 and DICOM standards. IMPAC's
National Oncology Database(TM) (NODB) is one of the leading comprehensive
longitudinal oncology databases available for cancer research today. More
information about IMPAC is available at www.impac.com.
About Elekta
Elekta is an international medical-technology Group, providing highly
advanced clinical solutions for high precision radiation treatment of cancer
and for non- or minimally invasive treatment of brain disorders. Clinical
solutions include among others Leksell Gamma Knife(R) for non-invasive
treatment of brain surgery and Elekta Synergy(R) for image guided radiation
therapy (IGRT) as well as associated software systems.
Elekta's systems and solutions are used at over 2,000 hospitals around the
world to treat cancer and to diagnose and treat brain disorders, including
tumors, vascular malformations and functional disorders.
By developing clinical solutions through close collaborative relationships
with clinical partners in research and advanced product development, Elekta is
addressing the healthcare system's need for reduced hospitalization costs and
also patients' wish for less traumatic treatment options. All of Elekta's
solutions employ non-invasive or minimally invasive techniques and are
therefore clinically effective, gentle on the patient and cost-effective.
Elekta was founded in 1972 and is headquartered in Stockholm, Sweden. The
company is listed on Stockholmsborsen (Stockholm Stock Exchange) under the
ticker EKTAb.
More information about Elekta is available at www.elekta.com.
Forward-Looking statements
This press release contains forward-looking statements that involve risks
and uncertainties concerning Elekta's proposed acquisition of IMPAC. Actual
events or results may differ materially from those described in this press
release due to a number of risks and uncertainties. Potential risks and
uncertainties regarding the acquisition include, among others, the requirement
that IMPAC's stockholders must approve the transaction, other conditions to
the closing of the merger, and the possibility that the transaction will not
close or that the closing may be delayed. Other potential risks and
uncertainties include, among others, the reaction of customers of Elekta and
IMPAC to the transaction; Elekta's ability to successfully integrate IMPAC's
operations and employees; and general economic conditions. More information
about potential factors that could affect Elekta's business and financial
results is included in Elekta's Annual Report for fiscal year 2003/04 which
are on file with Swedish authorities and available at www.elekta.com/investors
or by request from Elekta's head office. For more information and additional
risk factors regarding IMPAC generally, see "Management's Discussion and
Analysis of Financial Condition and Results of Operations-Risk Factors"
contained in IMPAC's Annual Report on Form 10-K filed with the Securities and
Exchange Commission (the "SEC") on December 14, 2004 and in other reports
filed by IMPAC with the SEC.
Additional information about the merger and where to find it
IMPAC has filed a definitive proxy statement and other documents regarding
the proposed merger described in this press release with the SEC. IMPAC
STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT, BECAUSE IT
CONTAINS IMPORTANT INFORMATION ABOUT IMPAC, ELEKTA, THE MERGER AGREEMENT AND
THE MERGER. A definitive proxy statement has been sent to stockholders of
IMPAC seeking their approval of the transaction. Investors and security
holders may obtain a copy of the proxy statement and any other relevant
documents filed by IMPAC with the SEC for free at the SEC's web site at
www.sec.gov. Copies of the proxy statement and other documents filed by IMPAC
with the SEC may also be obtained free of cost by directing a request to:
Investor Relations, IMPAC Medical Systems, Inc, 100 West Evelyn Avenue,
Mountain View, California 94041; or pr@IMPAC.com. You may also read and copy
any reports, statements and other information filed by IMPAC at the SEC public
reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. Please call
the SEC at 1-800-SEC-0330 for further information on public reference rooms.
IMPAC and its directors, executive officers and certain of its employees
may be deemed to be participants in the solicitation of proxies of IMPAC
stockholders in connection with the proposed merger. Certain directors and
executive officers of IMPAC may have interests in the merger that are
different from, or in addition to, IMPAC's stockholders generally, including
severance arrangements, acceleration of vesting of stock options and as a
result of holding options or shares of IMPAC common stock generally, and their
interests are described in the definitive proxy statement filed by IMPAC with
the SEC.
For further information, please contact:
Peter Ejemyr, Group VP Corporate Communications, Elekta AB
Phone: +46 733 611 000, e-mail: peter.ejemyr@elekta.com
Joseph K. Jachinowski, President and CEO, IMPAC Medical Systems, Inc.
Phone: + 1 650 623 8800, e-mail: joe@impac.com
SOURCE IMPAC Medical Systems, Inc.
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