City Hall Los Angeles

Los Angeles Based Investment Group Sets its Sights On the Healthcare Industry with Meditab Software

Oakland, CA (PRWEB) June 14, 2007 -- Meditab Software, Inc., a unique provider of intelligent, integrated, innovative and intuitive software solutions for the healthcare industry, announced today that Caltex Capital, LLC, an investment firm located in Los Angeles, California, has purchased a stake in and will take an active role in the operations of the company.

Noah Davis, Managing Partner of Caltex, joins Dr. Paul Rosenstock and Daniel Wisnicki as the leaders of the group investing in Meditab. Davis will serve as CFO of Meditab, while Wisnicki will serve as Vice President of the company's Senior Care Division and Rosenstock will serve as a board member. A board certified internist and geriatrician who has been in practice for over 29 years, Dr. Rosenstock will have an influential role in the continued growth of Meditab. Wisnicki will help develop and sell the company's new Intelligent Facility Software (IFS), due in late 2007.

"Caltex sees our stake in Meditab as a worthy investment and look forward to great success with the company," remarked Noah Davis, Managing Partner of Caltex Capital and CFO of Meditab. "The healthcare technology market is growing rapidly, especially in regards to electronic health record (EHR) solutions, and we expect Meditab to be a big part of that expanding market."

Meditab's focused and integrated solutions address numerous challenges facing today's healthcare environment and provide clients with increased revenue and decreased physician and office staff hours. Each solution is designed by healthcare professionals to meet real-world priorities and solve real-world problems. In addition, seamless integration ensures that data is entered only once at the primary source and used throughout an entire organization.

"We are exited to have Noah, Paul and Daniel join the Meditab team," explained Kevin Ryan, CEO of Meditab. "They each bring unique skills and knowledge of the healthcare industry to Meditab, and we look forward to working with them to make our company a leader in the EHR market."

About Caltex Capital LLC
Caltex Capital was formed as a private equity group in 2006 to pursue investments in the healthcare arena. After investing in pharmacy, long term care facilities and adult day care Caltex discovered Meditab in late 2006. Caltex believes that through its contacts it will be able to bring Meditab to the next level in an industry which is one of the fastest growing industry. Caltex is based in Los Angeles, CA and has offices in Connecticut and Texas. Caltex has investors from all over the country involved in various aspects of the healthcare industry.

About Meditab Software, Inc.
Founded in 1998 by practicing pharmacists and physicians, Meditab Software, Inc. provides an innovative suite of intelligent, integrated and intuitive Software Solutions supporting the primary process of healthcare delivery. Based in northern California, Meditab's revolutionary software solutions connect physicians, patients, labs, pharmacies and long-term care facilities nationwide.

Providers are empowered with key knowledge that enhance the way they conduct business and service their clients. These Software Solutions include: Intelligent Medical Software (IMS), Intelligent Facility Software (IFS), Intelligent Dental Software (IDS), Intelligent Pharmacy Software (IPS) and Intelligent Radiology Management Software (IRMS). With any one of Meditab's integrated solutions, saving time and money becomes second nature and service continues to be the number one priority! For more information please visit www.meditab.com or call 866-99-GO EMR for a free personalized consultation.

Noah Davis, Chief Financial Officer
Noah Davis has an extensive background in real estate, having formed and organized various real estate ventures around the country totaling over 1500 residential units, 1.5 million square feet of industrial space and various retail and commercial centers. He has been involved in many different aspects in the healthcare industry, including being a shareholder in and participating in the growth of the largest adult day care company in Connecticut and being a majority shareholder in a closed-door pharmacy in Los Angeles. Davis has provided consulting services to nursing and assisted living facilities in California and brings his expertise in healthcare and the understanding of the art of acquisitions to Meditab. He graduated from Yeshiva University with degrees in Accounting and Finance.

Dr. Paul Rosenstock M.D., Board Member
Dr. Rosenstock is a Board Certified Internist and Geriatrician who has been in practice for over 29 years. He is President and CEO of Doctors on Call, a group of physicians and nurse practitioners who have been servicing the frail and homebound elderly since 1968, and Comprehensive Geriatric Medicine, which provides medical services to Skilled Nursing Facilities and HMO's. Dr. Rosenstock is also the Medical Director of the Sephardic Home for Nursing and Rehabilitation in New York. A former Fellow in Immunology at Memorial Sloan-Kettering Cancer Center and co-author of definitive work on Sarcoidosis (a tuberculosis-like illness), Dr. Rosenstock will have a seat on the Board of Directors at Meditab and will have an influential role in the continued growth of the company.

Daniel Wisnicki, Vice President of Senior Care Division
Daniel Wisnicki has experience in forming and organizing multiple real estate ventures on the East and West Coasts. He has been involved in various transactions and has many key contacts within the long term care arena - he and his partners have involvement in over 50 nursing homes around the country. Wisnicki plans to use his openings in these facilities to sell Meditab's new Long Term Senior Care Software. His strong marketing skills will help Wisnicki develop and sell the company's new Intelligent Facility Software (IFS), due in late 2007.

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