Superior Consultant (NASDAQ:SUPC)
Historical Stock Chart
From Jun 2019 to Jun 2024
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/