DALLAS, Oct. 19 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc., , a premier provider of business process outsourcing and information technology solutions, and Princeton HealthCare System (PHCS), a leading provider of healthcare, announced today that they have expanded and enhanced their successful information technology (IT) relationship. The new five-year agreement is valued at $58 million.
Under the contract, effective October 1, 2005, ACS Healthcare Solutions, a business unit of ACS, will provide application delivery, data center services, disaster recovery, and telecommunications services in addition to the 24/7 help desk, desktop support, and network services they currently provide PHCS. This complete outsourcing solution will expand the capacity and capability that PHCS requires for advanced clinical, revenue cycle, supply chain, and administrative systems -- all in compliance with the Health Insurance Portability and Accountability Act for privacy, security, and communications.
“Princeton HealthCare System is passionate about its commitment to providing outstanding care and service to our community,” said Barry S. Rabner, President and CEO of Princeton HealthCare System. “Our plans include building a state-of-the art replacement hospital, and continuing to exceed the service and support expectations of our patients, physicians, caregivers, and employees.” He added, “To meet all of these goals, PHCS requires reliable, advanced information systems and clinical excellence. ACS Healthcare Solutions is a leader in healthcare information technology and clinical transformation and provides world-class healthcare transformational outsourcing services. Since 2003, ACS has provided excellent help desk services, desktop support, network services, and consulting to PHCS. The relationships and trust developed over the past years give us confidence that the agreement announced today is the right next step in our partnership.”
“After a thorough market analysis and evaluation of proposals, PHCS selected ACS Healthcare Solutions due to the high client satisfaction levels with health systems like PHCS, and the superb work and relationship that they have demonstrated in working with us,” said Bruce Traub, Senior Vice President and Chief Financial Officer for Princeton HealthCare System. “ACS has invested a great deal in learning about our organization, culture, objectives, and people.”
ACS and Princeton HealthCare System will partner to achieve objectives of business growth, improved clinical, operational and financial performance, enhanced patient satisfaction, and continuous quality improvement. Princeton HealthCare System employees joining ACS Healthcare Solutions, as a result of the outsourcing agreement, will join a peer network of professionals and enjoy increased education, training, and opportunity.
“We are pleased to welcome Princeton HealthCare System as a full transformational outsourcing client,” said Charles O. Bracken, Managing Director of ACS Healthcare Solutions. “We look forward to employing our extensive healthcare knowledge and expertise to help PHCS achieve its growth, and its clinical, operational and patient satisfaction objectives. We understand the important role that information technology, coupled with the integration of process improvements, can play, and we’re looking forward to joining with PHCS in realizing a sound future for the Princeton community.”
About PHCS
Princeton HealthCare System is a leading provider of world-class healthcare that is redefining care by providing patients and their families with an exceptional level of personalized service. It is a 450-bed nonprofit, teaching healthcare system that offers a full continuum of care for the communities it serves. Princeton HealthCare System encompasses the prestigious University Medical Center at Princeton, a University Hospital Affiliate of the University of Medicine and Dentistry of New Jersey - Robert Wood Johnson Medical School and a Clinical Research Affiliate of The Cancer Institute of New Jersey; Princeton House Behavioral Health; Merwick Care Center; Princeton HomeCare Services; Princeton Rehabilitation Services; Princeton Surgical Center; and Princeton Fitness & Wellness Center.
ACS, a FORTUNE 500 company with more than 50,000 people supporting client operations in nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company’s Class A common stock trades on the New York Stock Exchange under the symbol “ACS”. ACS makes technology work. Visit ACS on the Internet at www.acs-inc.com .
The statements in this news release that do not directly relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company’s control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company’s prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
ACS, Inc.
CONTACT: investor relations, Warren Edwards, Executive Vice President-Chief Financial Officer, +1-214-841-8082, or warren.edwards@acs-inc.com ,or media, Lesley Pool, Senior Vice President-Chief Marketing Officer,+1-214-841-8028, or lesley.pool@acs-inc.com , both of Affiliated ComputerServices, Inc.
Web site: http://www.acs-inc.com/
