Superior Consultant Announces New Outsourcing Signings of More Than $40 Million
18 June 2004 - 7:02AM
PR Newswire (US)
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/
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