Mirrus Systems to Acquire Healthcare Accounts Receivable Management Division from Certus Corporation

Mirrus Systems Inc., a CBay Group company, announced today that it has signed an agreement to acquire the Accounts Receivable Management division of Certus Corporation. This division delivers specific client solutions for Accounts Receivable Management (ARM), Disproportionate Share Hospital payment processing (DSH) and Crossover Bad Debt Recovery Services (Medi-Medi).

Mirrus Systems acquired substantially all of the division’s technology platform and business assets for cash. Forecasted 2006 top line growth is expected to reach $13 million in revenues. The purchase price was not disclosed. EXIM Bank and I&LFS, two leading international financial institutions based out of India, funded CBay and Mirrus in this transaction.

Mirrus Systems was founded by CBay Inc., based in Annapolis, MD, and Nanda Krish, Mirrus President and CEO. Together, CBay, a technology-enabled health care business solutions provider, and Mirrus will bring a comprehensive and robust suite of services to its mutual health care industry customers.

“The acquisition of Certus’s well regarded platform, customer base, domain expertise and talented employee base will allow us to better expand Mirrus System’s entry into health care patient financial services,” said Nanda Krish, President and CEO of Mirrus Systems. “Our clients will continue to benefit, not only from our platform and services, but also from CBay’s vibrant market offering, resources and unique position.”

As a national provider of Patient Financial Services, Mirrus solutions help health care providers, including health systems, hospitals, and academic physician faculty practice plans strengthen their bottom line. From maximizing cash flow, to resolving payer delays, to managing government reimbursement, Mirrus’s unique technologies and processes solve payment problems and generate high ROI.

In addition to the Certus platform and services acquisition, Mirrus also expects to hire a majority of the Certus team. It will continue to maintain major offices in Boston, MA; Dallas, TX; Fresno, CA; North Hollywood, CA; Virginia Beach, VA; and Walnut Creek, CA.

“This transaction is positive for both companies and completes another step in the evolution of Certus Corporation in terms of fulfilling our commitments to our employees, our customers and our investors,” said Terry Peltes, CEO of Certus Corporation.

“This acquisition is consistent with CBay’s growth strategy of expanding its technology based service solutions to the healthcare receivables market,” said Raman Kumar, Chairman and CEO of CBay. “Our mission is to transform the healthcare industry by helping hospitals and physician practices become more efficient and lower their costs.”

“We believe this transition will be seamless from our clients’ point of view,” added Nanda Krish. “We, at Mirrus Systems, are looking forward to a successful future together and are very excited at the prospect of continuing to help our customers improve their business.”