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Published on 11/12/2007 in the Prospect News Special Situations Daily.

QMed to consider alternatives

By Lisa Kerner

Charlotte, N.C., Nov. 12 - QMed, Inc. will explore strategic alternatives with the assistance of Lazard Middle Market, the company announced on Monday.

Barry Freeman and Ryan Stewart of Lazard Middle Market Healthcare Services group will manage the process and report to QMed's board of directors, according to a company news release.

QMed also announced that chairman Bruce Wesson resigned from the board.

Based in Eatontown, N.J., QMed develops evidence-based clinical information management systems for use by health plan customers.


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