CareTechNews

CareTech Solutions, Inc. Appoints New President and Chief Executive Officer

Southfield, Mich. – January 7, 2003 – CareTech Solutions, Inc., the healthcare affiliate of Compuware Corporation, today announced that James J. Giordano has been promoted to President and Chief Executive Officer of the organization, effective immediately. In his new position, Giordano will assume overall management responsibility and provide leadership and direction for the continued growth of the organization.

Since 1999, Giordano has served as Vice-President and Chief Financial Officer of CareTech Solutions, which specializes in healthcare information technology outsourcing. During that time, he was instrumental in growing the company from $54 million to over $100 million in annual revenue. Under his leadership as CFO, CareTech also strengthened existing client relationships, successfully renewing three of its largest contracts.

Peter Karmanos, Jr., Chairman of CareTech Solutions’ Board of Directors and Chairman and CEO of Compuware Corporation, commented “Jim brings the comprehensive industry knowledge and leadership qualities that will successfully take CareTech Solutions into the future. His commitment to delivering true value to clients through sustained long term relationships is the hallmark of his leadership style and will serve CareTech well.”

Giordano has over 20 years of business and financial management experience. Before joining CareTech Solutions, he was with Electronic Data Systems Corporation (EDS) for 13 years. There he was responsible for the financial aspects of the EDS spin-off from General Motors as well as Controller for the Saturn automotive company. Previous to that, Giordano held management and leadership positions with Wang Laboratories and Unisys.

Giordano holds an MBA from the University of Detroit-Mercy and a bachelor of science degree in finance and managerial economics from the University of Michigan-Dearborn. He is vice-chair of the Alumni Board of Governors for the University of Michigan-Dearborn and a member of the Financial Executive International Organization.

About CareTech Solutions, Inc.
CareTech Solutions is a recognized leader in healthcare information technology outsourcing. We provide healthcare organizations with flexible solutions that translate to improved performance, reduced costs, regulatory compliance and measurable improvements in patient and clinician satisfaction. CareTech’s customized solutions are designed to help our clients take advantage of new opportunities, meet unique challenges and focus on areas critical to their strategic success.

CareTech Solutions provides expert services in virtually every facet of information technology management, from implementing emerging technologies to supporting day-to-day IT operations. Our products and services ensure that our clients’ investment in information technology results in a measurable contribution to their organization’s health and growth.

For additional information regarding CareTech Solutions, contact the corporate offices in Southfield, Michigan at 248.233.3080 or visit the Company’s website at www.caretechsolutions.com.

Press Contact
Philip J. Spinelli
Vice President
Sales and Marketing
CareTech Solutions, Inc.
248.233.3080