New York, N.Y. – Sonenshine Partners today announced that it has advised CareGuide on its merger into Patient Infosystems, a provider of disease and care management services to self-insured employers.

Under the terms of the merger agreement, stockholders of CareGuide will be issued shares of common stock of Patient Infosystems representing up to 65% of the common stock of the combined company. The merger is subject to several conditions, including regulatory approval, approval of the transaction by CareGuide's stockholders and other customary conditions.

Regarding the merger with Patient Infosystems, Chris Paterson, CEO of CareGuide, commented, "This is a strong combination of two organizations with similar cultures and values and a shared passion for improving the health and well-being of those they serve while reducing overall health care costs for their customers."

“We view this marriage as representing a major leap forward for Patient Infosystems and its shareholders,” stated Roger Chaufournier , CEO of Patient Infosystems. “We believe our population management approach complements CareGuide's member focused care management programs. Their focus on health plans and Medicare/Medicaid markets joins well with our self-insured employer and Taft Hartley markets. The large CareGuide network of nurse care managers and social workers is a complement to our physician practice oriented disease management programs."

Patient Infosystems Inc. ("Patient Infosystems") is a leading health management solutions company. Our patient-focused solutions for health insurers and healthcare delivery organizations include integrated, proactive chronic condition management services, intensive management and case management, maternity management, smoking cessation and 24/7 nurse help line services. Our integrated model allows all the interventions of healthcare management to come together in one seamless system, producing efficiencies that drive improved health outcomes and reduce overall healthcare spending. For more information on Patient Infosystems please go to www.ptisys.com.

CareGuide, Inc. (previously “Coordinated Care Solutions” or “CCS Consolidated, Inc.”) is a national care management company providing comprehensive, integrated care management services to high-risk and elderly members on behalf of health plans, disability carriers, long-term care insurers, case management organizations, EAP & work/life benefits companies, and affinity groups. Founded in 1998, the company features a national care manager and provider network and comprehensive solutions that enable clients to realize lower health care costs, greater efficiencies in care delivery, reduced financial risk, and increased productivity gains for employees contending with elder care concerns. CareGuide is headquartered in Coral Springs, Florida, with regional offices in Connecticut and Michigan. Visit www.careguide.com for more information.

Sonenshine Partners is a leading independent investment bank focused on providing integrated strategic, financial and corporate advisory services.  The firm was founded in 2000 and is headquartered in New York City.