MEDecision president/COO resigns

August 15, 2007 -- Healthcare information technology developer MEDecision of Wayne, PA, has accepted the resignation of president and COO John H. Capobianco.

MEDecision Founder and CEO David St.Clair will fill Capobianco’s role until a successor is found, and the search for a replacement is underway. The company gave no reason for Capobianco's departure.

The announcement comes in the wake of lower revenues and a net loss in MEDecision's second quarter (end-June 30). Revenues decreased to $9.7 million, compared with $12.7 million in the second quarter of 2006. The company reported a net loss of $2.5 million, compared with net income of $100,000 in the year-ago quarter.

By staff writers
August 15, 2007

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Copyright © 2007


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