FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October, 2004
Commission File No. 000-19865
CEDARA SOFTWARE CORP.
(Registrant's name)
6509 Airport Road
Mississauga, Ontario, Canada L4V 1S7
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40F.
Form 20-F X Form 40-F
---------------- ----------------
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):_____
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):______
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes No X
------------------ ------------------
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_______________
Documents Included as Part of this Report:
No. Document
1. Press Release dated September 30, 2004 - Fischer Imaging Announces
Initial Shipments of Cedara-based SenoView(TM) Plus Softcopy
Workstations; Installations at Leading Hospitals Across North
America
2. Press Release dated October 8, 2004 - Cedara Software Corp. Enters
Into $29.75 Million Credit Facility
3. Press Release dated October 8, 2004 - Cedara Software Corp.
Completes Acquisition of eMed Technologies Corporation
4. Press Release dated October 12, 2004 - Cedara Software Corp.
Completes Acquisition of eMed Technologies Corporation Conference
Call.
Document 1
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CEDARA
FOR IMMEDIATE RELEASE:
Contact: News Release
Michelle Pommells, Director Product
Communications
Cedara Software Corp.
(905) 672-2100 ext. 2356
info@cedara.com
Fischer Imaging Announces Initial Shipments of Cedara-based
SenoView(TM) Plus Softcopy Workstations; Installations at
Leading Hospitals Across North America
TORONTO, September 30, 2004 -- Fischer Imaging Corporation (FIMG:PK) today
announced that it has begun initial shipments of a new, leading edge digital
mammography workstation, the result of its collaboration with Cedara Software
Corp. (TSX:CDE/NASDAQ:CDSW). The softcopy workstation, named SenoView Plus, is
integrated with Fischer's SenoScan(R) digital mammography system to provide
radiologists with powerful new capabilities for diagnosing breast cancer.
Hospitals that have installed or are about to install the workstations
include: Mt. Sinai Hospital, Marvelle Koffler Breast Centre, Toronto; City
Hospital, Martinsburg, West Virginia; and Sansum Santa Barbara Medical
Foundation Clinic, Santa Barbara, CA.
The SenoView Plus workstation will allow radiologists to compare SenoScan
digital mammography images and competitive FFDM images with multi-modality
images, such as ultrasound and MRIs. The workstation's PACS-like design lends
itself to reading studies from all modalities with speed. The net result is
the ability to deliver optimal workflow and reading efficiency compared with
traditional film screen mammography systems with the added versatility of a
PACS review station.
Fischer and Cedara teams were able to rapidly integrate their respective
systems as a result of the open architecture of the SenoScan imaging platform.
By producing images in an industry-standard DICOM format SenoScan is open to
leading current and future complementary technologies assuring customers
maximum choice and flexibility.
"Our open architecture assures customers not only the freedom of choice they
desire, but the opportunity to achieve the highest possible performance from
their mammography operations," said Harris Ravine, Fischer Imaging president
and CEO. "Cedara brings powerful, specialized multi-modality; digital
workstation capabilities that will help Fischer achieve its goal of providing
the best total solution. I am pleased by how rapidly our respective teams were
able to complete and assure the product offering and get it into our
customers' hands," said Ravine.
For more information about Cedara, visit the Cedara website at www.cedara.com
or contact:
Michelle Pommells, Cedara Software Corp.,
(905) 672-2100 ext. 2356.
Email: info@cedara.com.
For investor-related inquiries, contact:
Brian Pedlar, Chief Financial Officer
(905) 672-2100 ext. 2015
Email: brian.pedlar@cedara.com
About Fischer Imaging
Fischer Imaging Corporation designs, manufactures and markets medical imaging
systems for the screening and diagnosis of disease. The company focuses on
women's health, particularly the diagnosis and screening of breast cancer
through the application of innovative digital imaging technologies. Fischer
Imaging began producing general-purpose x-ray imaging systems in 1910 and is
the oldest manufacturer of x-ray imaging devices in the United States. For
more information, visit www.fischerimaging.com.
Contact:
Michael Klatman, Resonant Communications (for Fischer Imaging)
303-581-0509
mklatman@resonantcom.com
About Cedara Software:
Cedara Software Corp. is a leading independent provider of medical
technologies for many of the world's leading medical device and healthcare
information technology companies. Cedara software is deployed in hospitals and
clinics worldwide - approximately 20,000 medical imaging systems and 4,600
Picture Archiving and Communications System (PACS) workstations have been
licensed to date. Cedara is enabling the future of the healthcare industry
with new innovative approaches to workflow, data and image management,
integration, the web, software components and professional services. The
Company's medical imaging solutions are used in all aspects of clinical
workflow including the capture of patient digital images; the sharing and
archiving of images; sophisticated tools to analyze and manipulate images; and
even the use of imaging in surgery. Cedara is unique in that it has expertise
and technologies that span all the major digital imaging modalities including
angiography, computed tomography (CT), echo-cardiology, digital X-ray,
fluoroscopy, mammography, magnetic resonance imaging (MRI), nuclear medicine,
positron emission tomography (PET) and ultrasound.
Certain statements contained in this news release are forward-looking within
the meaning of securities laws and are based on current expectations that are
subject to a number of assumptions, uncertainties and risks, and there are
actual results may differ materially from what is currently expected. These
assumptions, uncertainties and risks include, but are not limited to: the
management of the growth of the Company, dependence on key personnel of the
Company, competitive pressures (including price competition), changes in
market activity, risks associated with international operations, the
development of new products and services, the enhancement of existing products
and services, the introduction of competing products having technological
and/or other advantages, the dependence on key customers, regulatory changes
to the health care industry, seasonality, economic and political conditions
and adequate protection of the proprietary interests of the Company. Further
information about these risks and uncertainties can be found in the continuous
disclosure documents filed from time to time by Cedara with the securities
regulatory authorities, which documents are available at
http://www.sedar.com/.
All trademarks appearing in this release are the property of Cedara Software
Corp.
DOCUMENT 2
[GRAPHIC OMITTED]
CEDARA
FOR IMMEDIATE RELEASE:
Contact: News Release
Brian Pedlar
Chief Financial Officer
Cedara Software Corp.
(905) 672-2100 ext. 2015
info@cedara.com
Cedara Software Corp. Enters Into
$29.75 Million Credit Facility
TORONTO, October 8, 2004 -- Cedara Software Corp. (TSX:CDE/NASDAQ:CDSW)
announced today that it has entered into a Cdn$29.75 million credit facility
with the Royal Bank of Canada (RBC) where Cedara has become the newest client
of RBC's Knowledge Based Industries Group.
Under the credit facility, RBC's Knowledge Based Industries Group will provide
a term facility of up to Cdn$22.5 million to allow Cedara to finance part of
the previously announced acquisition of all of the issued and outstanding
shares of eMed Technologies Corporation. The credit facility also includes a
revolving credit facility, a corporate VISA facility and a foreign exchange
credit facility in an aggregate amount of up to Cdn$7.25 million for purposes
of financing Cedara's general operating requirements, office and travel
expenses, and facilitating foreign exchange transactions.
"We are delighted to be working with RBC's Knowledge Based Industries Group,"
said Brian Pedlar, Chief Financial Officer of Cedara Software Corp. "The KBI
Group at RBC understands the needs of companies like Cedara and was able to
structure a credit facility to meet Cedara's operational, international and
expansion needs in a manner that makes economic sense. The experience,
knowledge and flexibility of the KBI group, coupled with RBC's world wide
service offering provides a powerful financial partner for Cedara as we expand
and grow our business channels."
"RBC's Knowledge Based Industries Group is pleased to add Cedara to our
growing portfolio of information and knowledge-based clients," said Mark
Usher, Sales and Market Manager - GTA, RBC's Knowledge Based Industries Group.
"We feel our KBI group is ideally suited to meeting the financing and ongoing
banking needs of companies like Cedara as they expand their business."
For more information about Cedara, visit the Cedara website at www.cedara.com.
For investor-related inquiries contact:
Brian Pedlar, Chief Financial Officer
(905) 672-2100 ext. 2015
Email: brian.pedlar@cedara.com
About Cedara Software:
Cedara Software Corp. is a leading independent provider of medical
technologies for many of the world's leading medical device and healthcare
information technology companies. Cedara software is deployed in hospitals and
clinics worldwide - approximately 20,000 medical imaging systems and 4,600
Picture Archiving and Communications System (PACS) workstations have been
licensed to date. Cedara is enabling the future of the healthcare industry
with new innovative approaches to workflow, data and image management,
integration, the web, software components and professional services. The
Company's medical imaging solutions are used in all aspects of clinical
workflow including the capture of patient digital images; the sharing and
archiving of images; sophisticated tools to analyze and manipulate images; and
even the use of imaging in surgery. Cedara is unique in that it has expertise
and technologies that span all the major digital imaging modalities including
angiography, computed tomography (CT), echo-cardiology, digital X-ray,
fluoroscopy, mammography, magnetic resonance imaging (MRI), nuclear medicine,
positron emission tomography (PET) and ultrasound.
About Royal Bank of Canada's Knowledge Based Industries Group:
KBI is the leading provider of financial services and support to Canada's
Knowledge-Based Industries. KBI has gained the experience and expertise
necessary to provide customized solutions to meet the complex needs of
companies in the new economy. Many KBI account managers have technical degrees
and entrepreneurial experience working in KBI sectors, including Information
Technology, Life Sciences & Health Care, and Media & Entertainment. This means
they have a head-start in understanding high tech businesses. The KBI team has
helped some of the most successful Canadian KBI companies access venture
capital, enter into global markets, manage volatile cash flow, access project
financing and bridge loans, facilitate IPOs and network with key industry
players.
Certain statements contained in this news release are forward-looking within
the meaning of securities laws and are based on current expectations that are
subject to a number of assumptions, uncertainties and risks, and the actual
results may differ materially from what is currently expected. These
assumptions, uncertainties and risks include, but are not limited to: the
management of the growth of the Company, dependence on key personnel of the
Company, competitive pressures (including price competition), changes in
market activity, risks associated with international operations, the
development of new products and services, the enhancement of existing products
and services, the introduction of competing products having technological
and/or other advantages, the dependence on key customers, regulatory changes
to the health care industry, seasonality, economic and political conditions
and adequate protection of the proprietary interests of the Company. Further
information about these risks and uncertainties can be found in the continuous
disclosure documents filed from time to time by Cedara with the securities
regulatory authorities, which documents are available at
http://www.sedar.com/.
All trademarks appearing in this release are the property of Cedara Software
Corp.
DOCUMENT 3
[GRAPHIC OMITTED]
CEDARA
FOR IMMEDIATE RELEASE:
Contact: News Release
Brian Pedlar
Chief Financial Officer
Cedara Software Corp.
(905) 672-2100 ext. 2015
info@cedara.com
Cedara Software Corp. Completes Acquisition
of eMed Technologies Corporation
TORONTO, October 8, 2004 -- Cedara Software Corp. (TSX:CDE/NASDAQ:CDSW) a
leading independent developer of medical software technologies for the global
healthcare market, announced today that it has completed the acquisition of
eMed Technologies Corporation of Burlington, Massachusetts, a privately-held
provider of Picture Archiving and Communications Systems (PACS) and web-based
medical imaging radiology solutions.
For the year ended December 31, 2003 eMed posted approximately US$24 million
in revenue, US$3 million in net income and US$5 million in cash flow from
operating activities. On closing, eMed's balance sheet included cash of
approximately US$19 million and no debt.
In accordance with terms disclosed when the original agreement was announced,
Cedara paid US$48 million in cash for eMed. Cedara financed the net cash
disbursement of approximately US$29 million to complete the transaction with
approximately US$14.5 million from its own cash reserves and approximately
US$14.5 million from its new credit facility with the Royal Bank of Canada.
Now a wholly-owned subsidiary of Cedara Software Corp., eMed will immediately
be a valuable complementary addition to the Company. For the past three
consecutive years, eMed has been rated as one of the top three PACS vendors by
KLAS, which independently ranks healthcare and PACS vendors. eMed stands out
particularly in the quality of its customer support services. It also has very
successful sales, marketing, technical service and systems integration
capabilities that will complement Cedara's highly regarded engineering and R&D
capabilities. In addition, eMed's sizable installed base of hospital and
imaging centers across the United States will provide an excellent opportunity
for the eMed sales force to promote Cedara's clinical applications and image
management technologies. At the same time, Cedara will use its extensive
global channel to promote eMed solutions worldwide.
"I am delighted that we have completed the transaction to bring eMed and
Cedara together. We can now concentrate on the job of growing the combined
business and maximizing value for our customers, employees and investors,"
said Abe Schwartz, Cedara President & CEO.
"The combination of Cedara and eMed significantly expands our overall presence
and impact in the growing medical industry. The transaction enables each of us
to leverage our considerable competitive strengths, ushering in a new era of
growth for our business," said Mark Smith, eMed CEO.
Mark Smith has agreed to stay on as CEO of eMed. No material change to the
structure of the organization is envisioned.
eMed recently debuted its Matrix PACS solution, the only such solution built
with the Microsoft .NET smart client architecture. Matrix offers a new
generation of technologies for connecting information, people, systems and
devices in ways that are truly transformational. The smart client technology
of Matrix maximizes the power of the PC for easy deployment, effortless
maintenance and improved client performance.
For more information about Cedara, visit the Cedara website at www.cedara.com.
For investor-related inquiries contact:
Brian Pedlar, Chief Financial Officer
(905) 672-2100 ext. 2015
Email: brian.pedlar@cedara.com
Conference Call Information:
Cedara Software Corp. will conduct a conference call and web cast to discuss
the acquisition of eMed Technologies Corporation at 11:00 am EST on Tuesday
October 12, 2004. The conference call can be accessed via audio web cast by
visiting http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=929060 or by
going to www.cedara.com and clicking on "Investors". Participants in the
conference call are asked to dial 416-405-9310 or 1-877-211-7911, five to ten
minutes prior to the October 12, 2004 11:00 am start of the teleconference to
participate in the call. This conference call will be recorded and will be
available on instant replay at the end of the call, until midnight November
16, 2004. To listen to the replay, please dial 416-695-5800 or 1-800-408-3053,
and enter pass code 3105174#.
About eMed Technologies:
eMed offers a complete technology solution for improving the business of
radiology. eMed combines sophisticated image management technology, integrated
front office workflow, and powerful .net web applications. eMed offers a
practical and affordable solution that is transforming the way private
radiology groups, imaging centers and community hospitals interact with
referring physicians, manage their workflow, position their businesses in the
market, and deliver their services. eMed's product suite includes PACS
components to capture, distribute, display and store medical images, RIS
integration, scheduling and office workflow, web-enabled image and report
distribution, and marketing services to drive referring physician adoption of
web services.
About Cedara Software:
Cedara Software Corp. is a leading independent provider of medical
technologies for many of the world's leading medical device and healthcare
information technology companies. Cedara software is deployed in hospitals and
clinics worldwide - approximately 20,000 medical imaging systems and 4,600
Picture Archiving and Communications System (PACS) workstations have been
licensed to date. Cedara is enabling the future of the healthcare industry
with new innovative approaches to workflow, data and image management,
integration, the web, software components and professional services. The
Company's medical imaging solutions are used in all aspects of clinical
workflow including the capture of patient digital images; the sharing and
archiving of images; sophisticated tools to analyze and manipulate images; and
even the use of imaging in surgery. Cedara is unique in that it has expertise
and technologies that span all the major digital imaging modalities including
angiography, computed tomography (CT), echo-cardiology, digital X-ray,
fluoroscopy, mammography, magnetic resonance imaging (MRI), nuclear medicine,
positron emission tomography (PET) and ultrasound.
Certain statements contained in this news release are forward-looking within
the meaning of securities laws and are based on current expectations that are
subject to a number of assumptions, uncertainties and risks, and the actual
results may differ materially from what is currently expected. These
assumptions, uncertainties and risks include, but are not limited to: the
management of the growth of the Company, dependence on key personnel of the
Company, competitive pressures (including price competition), changes in
market activity, risks associated with international operations, the
development of new products and services, the enhancement of existing products
and services, the introduction of competing products having technological
and/or other advantages, the dependence on key customers, regulatory changes
to the health care industry, seasonality, economic and political conditions
and adequate protection of the proprietary interests of the Company. Further
information about these risks and uncertainties can be found in the continuous
disclosure documents filed from time to time by Cedara with the securities
regulatory authorities, which documents are available at
http://www.sedar.com/.
DOCUMENT 4
[GRAPHIC OMITTED]
CEDARA
FOR IMMEDIATE RELEASE:
News Release
Cedara Software Corp. Completes Acquisition of eMed
Technologies Corporation
Conference Call
Toronto, October 12, 2004 - Cedara Software Corp. (TSX:CDE/NASDAQ:CDSW), a
leading independent developer of medical software technologies for the global
healthcare market, announced today that it will conduct a conference call and
web cast to discuss the acquisition of eMed Technologies Corporation, on
October 12, 2004 at 11:00 a.m. (Eastern Time), with a question and answer
session to follow.
To participate in the conference call please dial 416-405-9310 or
1-877-211-7911, five to ten minutes prior to the October 12, 11:00 a.m. start
of the call.
The conference call can also be accessed via audio web cast by visiting
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=929060. This
conference call will be recorded and will be available on instant replay at
the end of the call, until midnight November 16, 2004.
To listen to the replay, please dial 416-695-5800 or 1-800-408-3053, and enter
pass code 3105174#.
About Cedara Software:
Cedara Software Corp. is a leading independent provider of medical
technologies for many of the world's leading medical device and healthcare
information technology companies. Cedara software is deployed in hospitals and
clinics worldwide - approximately 20,000 medical imaging systems and 4,600
Picture Archiving and Communications System (PACS) workstations have been
licensed to date. Cedara is enabling the future of the healthcare industry
with new innovative approaches to workflow, data and image management,
integration, the web, software components and professional services. The
Company's medical imaging solutions are used in all aspects of clinical
workflow including the capture of patient digital images; the sharing and
archiving of images; sophisticated tools to analyze and manipulate images; and
even the use of imaging in surgery. Cedara is unique in that it has expertise
and technologies that span all the major digital imaging modalities including
angiography, computed tomography (CT), echo-cardiology, digital X-ray,
fluoroscopy, mammography, magnetic resonance imaging (MRI), nuclear medicine,
positron emission tomography (PET) and ultrasound.
For further information, please contact:
Bharti Patel, Manager, Investor Relations
Cedara Software Corp., (905) 672-2100, bharti.patel@cedara.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
October 12, 2004
CEDARA SOFTWARE CORP.
By: /s/ Brian Pedlar
----------------------------
Brian Pedlar
Chief Financial Officer