Superior Consultant (NASDAQ:SUPC)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Superior Consultant Charts. Click Here for more Superior Consultant Charts.](/p.php?pid=staticchart&s=N%5ESUPC&p=8&t=15)
Superior Consultant Announces New Outsourcing Signings of More
Than $40 Million
SOUTHFIELD, Mich., June 17 /PRNewswire-FirstCall/ -- Superior Consultant
Company (NASDAQ:SUPC) today announced that it has recently signed new and
expanded outsourcing agreements with an expected revenue value in excess of $40
million.
Today's announcements include:
-- A new, full-service multi-year outsourcing agreement with a Midwestern
community health system, previously announced as a Letter of Intent. Under the
agreement, which will focus on effecting a comprehensive clinical business
transformation at the health system, Superior will provide application
services, process change leadership and 24/7 network management, network
monitoring and help desk services.
-- An extended agreement to provide Superior's NetLinc(TM) help desk and
network monitoring services for a West Coast health system. The health system
has also engaged Superior for management and information technology consulting
services.
-- Additional commitments related to outsourcing contracts with multiple
clients.
The company also indicated that it has booked $27.8 million in consulting
contracts thus far during the second quarter.
Superior's total current backlog of sold work now stands at approximately $370
million.
"Superior's transformational outsourcing solution continues to generate high
client satisfaction and, as a result, we are gaining new outsourcing and
consulting opportunities," said Chief Executive Officer, Richard D. Helppie.
"Superior's entire work force is committed to bringing each of our clients
world-class services and solutions and a more significant return on their
information technology investment."
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 transformational 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 outsourcing model 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 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 170 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/