Premier Awards Contract To Medrad Stellant D Based On Breakthrough Technology Review

INDIANOLA, Pa., April 28 /PRNewswire/ -- Premier, one of the largest healthcare group purchasing organizations in the U.S., has awarded a contract to Medrad for its Stellant(R) Dual CT Injection System. The decision for the award follows a review of the product under Premier's Technology Breakthroughs Program, which confirmed that Medrad dual injection technology offers unique advantages over single injectors. Premier will begin making the product available to its 1,500 member hospitals beginning June 1, 2004.

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"We are pleased to be selected as Premier's supplier for CT dual injection systems, and view this as a testimony to the quality of the products Medrad develops and markets," according to Guy Ezekiel, M.D., executive director of CT Marketing. "As CT technology expands into new applications, we expect the majority of clinicians to use dual injection technology, due to its safety profile."

Medrad, Inc. is a worldwide leading provider of medical devices and services that enable and enhance imaging procedures of the human body. Used in diagnostic imaging, Medrad's product offerings include a comprehensive line of vascular injection systems, magnetic resonance (MR) surface coils and accessory products, and equipment services. Total 2003 revenues were $294 million. Medrad is a 2003 recipient of the Malcolm Baldrige National Quality Award, the top honor a U.S. company can receive for quality and business excellence. The company's world headquarters is near Pittsburgh, Pennsylvania, in the United States. Medrad is a U.S. affiliate of Schering AG, Germany . For more information, visit Medrad's website at http://www.medrad.com/ .

Premier, Inc. is a strategic alliance in U.S. healthcare, entirely owned by nearly 200 of the nation's leading hospital and healthcare systems. These systems operate or are affiliated with nearly 1,500 hospital facilities in 50 states and hundreds of other care sites. Premier provides an array of resources supporting health services delivery in the key areas of supply chain improvement and group purchasing, comparative data and benchmarking, and insurance. Premier is headquartered in San Diego, CA, with offices in Chicago, IL; and Charlotte, NC. Advocacy and policy offices are located in Washington, DC. For more information, visit http://www.premierinc.com/ .

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CONTACT: Guy Ezekiel, M.D., Executive Director, CT Marketing,+1-412-767-2400, ext. 3725, or gezekiel@medrad.com, or Luanne S. Radermacher,Corporate Communications, +1-412-767-2400, ext. 3184, orlradermacher@medrad.com, both of Medrad, Inc.

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