Superior Consultant Signs More Than $88 Million in New and Extended Outsourcing Agreements
May 03 2004 - 5:42PM
PR Newswire (US)
Superior Consultant Signs More Than $88 Million in New and Extended
Outsourcing Agreements Superior Quality and Service and Client
Confidence Lead to Additional Opportunities SOUTHFIELD, Mich., May
3 /PRNewswire-FirstCall/ -- Superior Consultant Company today
announced that it has signed a new outsourcing contract and an
outsourcing contract extension with two healthcare systems. The
combined value of the additional revenue is more than $88 million.
Today's announcements include: * A seven-year, full-service
information technology outsourcing agreement, which became
effective May 1. The agreement, announced last week as being in the
final stages of negotiation, is with a new health system client to
facilitate its clinical transformation strategy and enhance its
regional leadership position. In addition to advancing the client's
clinical operations, Superior will supply infrastructure,
application and IT support services. * With an existing outsourcing
client in the Midwest, Superior has signed an extended and expanded
outsourcing agreement. Under the new agreement, Superior will
continue to provide full-service information technology outsourcing
services through June of 2009. * Last week, the company also
confirmed that it had reached agreement on all major items in
another previously announced multi-year, multi-million outsourcing
contract negotiation. Superior's recognized revenue and booked
revenue backlog for 2004 rose to $87 million. The company's total
current backlog of sold work now stands at a record $342 million.
"We appreciate the confidence and trust our clients have placed in
us as evidenced by these awards of new, extended and expanded
outsourcing contracts, and we are committed to bringing them the
best value and highest quality services," said Chief Executive
Officer, Richard D. Helppie. "Our clients' high satisfaction with
the results they have achieved through our transformational
outsourcing solution continues to open new opportunities for
Superior to provide other healthcare systems with our outsourcing
solution." Statements included in this press release which are not
historical in nature, are intended to be, and are hereby identified
as "forward-looking statements" for purposes of the safe harbor
provided by Section 21E of the Securities Exchange Act of 1934, as
amended by Public Law 104-67. Forward- looking statements may be
identified by words including, but not limited to: "anticipate,"
"believe," "intends," "estimates," "promises," "expect," "should,"
"conditioned upon" and similar expressions. This release contains
forward-looking statements relating to future financial results or
business expectations. Business plans may change as circumstances
warrant. Actual results may differ materially as a result of
factors and events which the company is unable to accurately
predict or over which the company has no control. Such factors
include, but are not limited to: the award or loss of significant
client assignments, timing of contracts, recruiting and new
business solicitation efforts, the healthcare market's acceptance
of and demand for the company's offerings, demands upon and
consumption of the company's cash and cash equivalent resources or
changes in the company's access to working capital, regulatory
changes and other factors affecting the financial constraints on
the company's clients, competitive pressures (both domestic and
foreign), the ability to successfully manage currency risk, obtain
foreign work permits and otherwise successfully execute and manage
international contracts, economic factors specific to healthcare,
general economic conditions, unforeseen disruptions in
transportation, communications or other infrastructure components,
acquisitions under consideration and the ability to integrate
acquisitions on a timely basis. Additional information regarding
these risk factors and others, and additional information
concerning the company are included in the company's reports on
file with the Securities and Exchange Commission. About Superior
Consultant Holdings Corporation Recipient of Frost & Sullivan's
2003 Best Bang for the Buck Award for providing services and
solutions with the highest ratio of value to cost, Superior
Consultant is a leading national provider of outsourcing,
management and information technology consulting services and
solutions to the healthcare industry. Superior specializes in
Digital Business Transformation(TM) services that enable clients to
thrive in the information-driven economy, and its outsourcing,
management and information technology consulting services and
solutions help clients plan and execute better business strategies
and meet their fiscal challenges while advancing clinical quality.
Superior's best practices transformational outsourcing solution
includes a full range of flexible business process and information
technology solutions, including data center services, 24/7/365
network monitoring and help desk services, facility management,
interim management, and application outsourcing services. For
nearly 20 years, Superior has been recognized as an innovative
leader within the healthcare industry and has been rewarded with
full and partial outsourcing contracts, thousands of engagements,
approximately 150 interim management assignments, and nearly 3,000
clients. For more information on Superior Consultant Holdings
Corporation simply dial 1-800-PRO-INFO and enter the Company
ticker: SUPC (a no-cost fax-on- demand service) or visit the
Company's Web site at http://www.superiorconsultant.com/ .
DATASOURCE: Superior Consultant Company CONTACT: Richard D. Helppie
- Chief Executive Officer, or Susan M. Synor - Executive Vice
President, of Superior Consultant Company, +1-248-386-8300 Web
site: http://www.superiorconsultant.com/
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