MEDecision president/COO resigns

Aug 14, 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 AuntMinnie.com staff writers
August 15, 2007

Related Reading

MEDecision, Medem collaborate on HER, February 20, 2007

Copyright © 2007 AuntMinnie.com

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