| Business Summary | | PACE
Health
Management
Systems
Inc.
was
organized
as
a
computer
systems
consulting
firm.
In
1998,
the
Company
completed
the
sale
of
substantially
all
of
its
assets
to,
and
the
assumption
of
certain
of
its
liabilities
by,
Minnesota
Mining
and
Manufacturing
Company
(3M).
Prior
to
the
sale
of
the
majority
of
its
assets,
the
Company
was
in
the
business
of
developing,
marketing
and
supporting
advanced
clinical
software
that
automates
the
recording,
storage
and
management
of
patient
care
information.
The
software
provided
complete
care
management
solutions
to
physicians,
nurses
and
other
clinicians
in
multiple
settings
at
the
point
of
care.
Following
the
transaction,
the
Company
has
had
no
ongoing
operations
and
no
revenues
and
has
minimal
operating
expenses. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PCES
has
no
ongoing
operations
due
to
the
sale
of
substanially
all
of
its
assets
on
10/98,
to
Minnesota
Mining
and
Manufacturing
Company.
The
Company
is
presently
seeking
a
business
combination
with
another
entity.
For
the
six
months
ended
6/01,
the
Company
reported
no
revenues.
Net
loss
applicable
to
Common
rose
12%
to
$145
thousand.
Results
reflect
the
sale
of
all
of
the
Company's
assets
to
Minnesota
Mining
and
Manufacturing,
and
increased
S/G/A
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | Effective
August
1999,
all
executive
officers
resigned
from
the
company. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|