AIG Global Investment Group (AIGGIG), on behalf of certain of its clients, has provided $9.0 million of growth equity to Integrated Healthcare Systems, Inc. ("IHS" or the "Company") to recapitalize the Company and expand its growth initiatives. IHS, headquartered in Kent, Washington, is a leading pharmacy technology company supplying a suite of affordable automated equipment and integration software that packages, barcodes, stores and tracks drug inventories for hospitals and institutional pharmacies.

The investment directed by AIGGIG is the first external, institutional funding to IHS, which provides hospital pharmacy automation systems that reduce costs and increase productivity, while improving accuracy and patient safety. The three-year-old company has installed systems in more than 50 hospitals across the country, and expects to double that number this year.

"This investment will enable our company to grow to a new level, serving substantially more hospitals, while continuing to develop our proprietary products," noted James E. Torina, president and chief executive officer, IHS. "We are particularly pleased with the strategic potential of AIGGIG's participation, as a direct and indirect investor in numerous hospital systems."

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