CareDecision Corp. Inks Deal to Acquire Netcare Health Group Subsidiary

Business Wire, Dec 10, 2002

Business Editors & Health/Medical/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--Dec. 10, 2002

Company Gains Expected $5 Million Annual Revenue Stream and

Base of 800 Physicians for Deployment of E-Health Products

CareDecision Corp. (OTCBB:CDED), the e-health technology developer and medical PDA innovator, today announced that it has signed an agreement with Netcare Health Group to acquire its wholly owned subsidiary, Netcare Health Services, Inc.

The closing of this transaction is subject to usual and customary closing details. The companies anticipate that this accretive transaction will be substantially concluded within 10 days.

The acquisition will give CareDecision Corp. immediate access to an estimated annual revenue stream of $5 million, and access to Netcare's 800 existing physicians, their skilled nursing facility clients, and their patient base. Both companies have also announced a strategic initiative to immediately deploy CareDecision's MD@Rx(TM) product and services to Netcare's physicians.

Robert Cox, CEO of CareDecision commented, "Last April I announced our intention to assemble additional synergistic organizations under our corporate banner. This latest acquisition will bring substantial cash flow, near term profit, and a base of over 800 east coast based physicians, a geographical area where the company can grow its already announced insurer and pharmacy benefit plan focus. This transaction is accretive to the company and includes a significant investment in CareDecision by Netcare."

Michael Kang, CEO of Netcare stated, "The acquisition by CareDecision of our Health Services subsidiary is the perfect marriage of opportunity and value. CareDecision's demonstrated leadership dynamics, its impressive technologies, its energized staff, and its extraordinary promise, have allowed me to reach the conclusion that our shareholders can most readily maximize the value of their current Netcare equity positions through the sale of our Health Service subsidiary. Simultaneous to this transaction, we will make a significant corporate investment in the resultant entity."

Mr. Cox concluded, "Our management team has had historic success within Netcare's core business. Management experience and energy will act as a catalyst to enhance growth in the business, an immediate consolidation of overhead and considerable operational efficiencies. We couldn't be happier about this acquisition."

About CareDecision Corp.

CareDecision Corp. is an e-health PDA-based information technology company that provides physicians with sophisticated medical information solutions at the point-of-care. The company's patent-pending software systems, communication technologies and clinical applications furnish office-based physicians with vital patient information using an e-health business model, on a Microsoft Windows CE-based PDA, and also the mechanism for electronically communicating value added medical, administrative and financial information to insurers, pharmacies, clinical labs, and hospitals.

About Netcare Health Services

NetCare Health Services, Inc., a wholly owned subsidiary of NetCare Health Group, Inc., is a federally and state licensed pharmaceutical company located in Middletown, CT. The Company provides in-house pharmaceutical services for LTC (Long Term Care) facilities. The Company's services include prescription fulfillment, staffing, insurance and Medicare processing for its LTC network of clients.

Forward-Looking Statements

This news release contains forward-looking statements about our business or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.