IDEXX Telemedicine Consultants Welcomes SHADOWSMITHS Teleradiology and VetRadiologist [Trade]

WESTBROOK, Maine, January 21, 2013—IDEXX Laboratories is pleased to announce the recent acquisition of two veterinary radiology reading groups. SHADOWSMITHS Teleradiology, based in Shelburne, Vermont, joined IDEXX on November 8 of last year, followed by VetRadiologist of St. Paul, Minnesota in December. These acquisitions strengthen IDEXX’s position as the leading provider of diagnostic information and telemedicine services to the veterinary healthcare industry.

“More than ever before, veterinarians are discovering how incorporating telemedicine can help improve patient care and increase the efficiency of their practice. Our partnerships with SHADOWSMITHS and VetRadiologist help us provide exceptional customer service to more veterinary practices,” said Don Schofield, Director and General Manager, IDEXX Telemedicine Consultants. IDEXX welcomes the principals and owners of both companies to the IDEXX Telemedicine team:

  • H. Mark Saunders, VMD, MS, DACVR, Joseph D. Stefanacci, VMD, DACVR, and Jonathon T. Shiroma, DVM, MS, DACVR, are the principal owners of SHADOWSMITHS. Matthew Wright, DVM, MS, DACVR, a fourth principal of SHADOWSMITHS, joined IDEXX Telemedicine Consultants earlier. According to Dr. Wright, “Joining IDEXX has improved the way we are able to offer teleradiology services to our clients. They are seeing faster turnaround times and more efficient handling of teleradiology cases, as well as a broader range of services including cardiology and dentistry.”
  • Travis C. Saveraid, DVM, DACVR, is the owner of VetRadiologist. “Our affiliation with IDEXX Telemedicine Consultants is providing VetRadiologist clients with improved, consistent 24-hour, 7-day-a-week coverage and timely case turnaround,” says Dr. Saveraid. “I am particularly excited about leveraging IDEXX’s broad expertise and resources to further enhance CT/MRI interpretation services with specialty hospitals throughout the country.”

About SHADOWSMITHS Teleradiology
SHADOWSMITHS has provided radiology and specialty telemedicine consulting services to referral hospitals and high-end, high-volume veterinary practices. SHADOWSMITHS is led by a group of four well-respected and experienced radiologists who have held the highest positions in the field of veterinary radiology. Dr. H. Mark Saunders was a member of the University of Pennsylvania faculty in the Department of Clinical Studies, and is a distinguished past president of the Veterinary Ultrasound Society and American College of Veterinary Radiology. Dr. Jonathan Shiroma was a faculty member at the University of Florida and is currently the staff radiologist at MedVet (Columbus, Ohio), one of the largest private referral centers in the country. Dr. Jay Stefanacci has authored and co-authored multiple papers which are published in a variety of veterinary journals. And Dr. Matt Wright, who has also published scientific articles and lectured on topics such as geriatric radiology, portosystemic shunt imaging, DICOM, and digital radiography purchasing decisions for veterinarians.

About VetRadiologist
VetRadiologist, LLC, based in St. Paul, MN, has provided diagnostic imaging interpretation and imaging support services to help a broad variety of hospitals across the country raise their standard of patient care since 2006. VetRadiologist approached telemedicine with a particular focus and expertise on CT/MRI consulting. Dr. Travis C. Saveraid, founder and owner of VetRadiologist, worked as a clinical faculty radiologist at the University of Zurich, Switzerland, and the University of Minnesota, following his radiology residency at Washington State University. Saveraid will continue his mobile ultrasound service in the Twin Cities region.

About IDEXX Telemedicine Consultants
IDEXX Telemedicine Consultants, a division of IDEXX Laboratories offers radiology, cardiology and specialty telemedicine consulting services. By working collaboratively with veterinarians, our board-certified specialists are able to help practitioners take swift, precise clinical action to improve patient outcomes with complex and routine cases.

About IDEXX Laboratories
IDEXX Laboratories, Inc. is a leader in pet healthcare innovation, serving practicing veterinarians around the world with a broad range of diagnostic and information technology-based products and services. IDEXX products enhance the ability of veterinarians to provide advanced medical care, improve staff efficiency and build more economically successful practices. IDEXX is also a worldwide leader in providing livestock and poultry diagnostic tests and tests for the quality and safety of water and milk. Headquartered in Maine, IDEXX Laboratories employs more than 5,000 people and offers products to customers in over 100 countries.

Note Regarding Forward-looking Statements
This press release contains statements about the Company's business prospects and estimates of the Company's financial results for future periods that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "may," "anticipates," "intends," "would," "will," "plans," "believes," "estimates," "should," and similar words and expressions. These statements are based on management's expectations of future events as of the date of this press release, and the Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments. Actual results could differ materially from management's expectations. Factors that could cause or contribute to such differences include the following: the Company's ability to develop, manufacture, introduce and market new products and enhancements to existing products; the impact of a weak economy on demand for the Company's products and services; the effectiveness of the Company's sales and marketing activities; disruptions, shortages or pricing changes that affect the Company's purchases of products and materials from third parties, including from sole source suppliers; the effect of government regulation on the Company's business, including government decisions about whether and when to approve the Company's products and decisions regarding labeling, manufacturing and marketing products; changes or trends in veterinary medicine that affect the rate of use of the Company's products and services by veterinarians; the impact of competition, technological change, and veterinary hospital consolidation on the markets for the Company's products; and the effects of interruptions to the Company's operations due to natural disasters or system failures. A further description of these and other factors can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2011, and quarterly report on Form 10-Q for the quarter ended September 30, 2012, in the section captioned "Risk Factors."


IDEXX Laboratories
Donald Schofield
Director and General Manager, IDEXX Telemedicine Consultants