Superior Consultant (NASDAQ:SUPC)
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Superior Consultant and Lakeland Regional Health System Enter
Five-Year, Infrastructure Outsourcing Agreement
Superior to Provide Network Management, Help Desk and Consolidated Data Center
Services
DEARBORN, Mich., Nov. 15 /PRNewswire-FirstCall/ -- Superior Consultant Company
(NASDAQ:SUPC) and Lakeland Regional Health System, a St. Joseph, Michigan-based
health system, today announced they have entered into a five- year,
infrastructure outsourcing contract, with a base value of approximately $14.6
million.
Under the new agreement, effective November 1, 2004, Superior will provide
Lakeland Regional Health System with an infrastructure outsourcing solution,
including network management, consolidated data center services, and 24/7/375
help desk services. In addition, Superior's experienced professionals will
work with the health system to update its internal network, and will assist in
developing Lakeland's future clinical information technology strategy.
Through this new outsourcing partnership, Superior and Lakeland will work
together to develop the base infrastructure foundation that will enable
Lakeland to offer advanced clinical solutions to its constituents. Superior
will assume direct management responsibility for Lakeland's information
technology infrastructure, which includes all hardware, network management,
help desk, network monitoring, disaster recovery, and consolidated data center.
Approximately 15 of Lakeland's information services employees will be joining
Superior.
"We are confident that Superior's proven outsourcing solution and healthcare
domain expertise will help us form the building blocks that will enable us to
expand our clinical information capabilities," said Joe Wasserman, Lakeland
Regional Health System's President and Chief Executive Officer. "By partnering
with Superior's experienced outsourcing team, which has generated unmatched
results for its other outsourcing clients, we, too, look forward to achieving
enhanced performance."
"Superior brings us healthcare-knowledgeable personnel and a 'get it done'
attitude as we strive to expand our clinical capabilities," said Timothy
Calhoun, Lakeland Regional Health System's Chief Financial Officer. "As we
looked to rebuild our information technology infrastructure, it was apparent
that we needed a partner that had done this before, and Superior's excellent
track record spoke for itself."
"We are pleased to welcome Lakeland Regional Health System as an infrastructure
outsourcing client and look forward to helping them expand and accomplish their
clinical initiatives," said Richard D. Helppie, Superior's Chief Executive
Officer. "Lakeland is another example of an independent, community-based,
not-for-profit health system looking for affordable technology. Our
partnership will provide them with the base infrastructure technology and
services that will help them broaden their clinical capabilities."
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 Lakeland Regional Health System
Lakeland Regional Health System began on January 1, 1992, when Mercy Memorial
Medical Center (Benton Harbor/St. Joseph) merged with Pawating Hospital
(Niles). Those two hospitals -- now known as Lakeland Hospital, St. Joseph and
Lakeland Hospital, Niles -- are the heart of the system today, along with
Lakeland Specialty Hospital, which joined Lakeland on January 1, 1994.
Together, these three facilities have a total of more than 260 years of service
to their communities.
Lakeland is a not-for-profit, community-owned system of care serving Berrien,
Cass, and Van Buren counties and outlying areas. With more than 3,000
associates and more than 250 medical staff members, Lakeland is the largest
employer in Berrien County. Besides the three hospitals, the system includes
an outpatient care center, walk-in clinics, long-term care, home care,
laboratory and X-ray services, rehabilitation and other services throughout the
region. In addition, Lakeland offers health, safety, wellness, and prevention
events, classes, and programs throughout the year.
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/