40 Healthcare Facilities Now Signed Up For Marketplace@Novation.Business Editors, Health/Medical Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. and IRVING, Texas--(BW HealthWire)--August 3, 2000 Signed Healthcare Organizations Represent More Than $1.2 Billion In Annual Supply Purchases Neoforma.com, Inc. (Nasdaq: NEOF NEOF No Evidence of Failure NEOF National Emergency Operations Facilities NEOF Naval Explosive Ordnance Facility ) and Novation The substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement. A novation ordinarily arises when a new individual assumes an obligation to pay that was incurred by the original party today announced that an additional 21 healthcare facilities have signed contracts to use markeplace@novation, powered by Neoforma, as their Internet purchasing solution. A total of 40 healthcare facilities are now signed up to use marketplace@novation. These 40 organizations represent more than $1.2 billion in annual supply purchases. Each facility has committed a minimum of 50 percent of their total supply purchases to the Neoforma-powered marketplace. "In the process of signing hospitals to marketplace@novation, we've found that they are extremely eager to begin purchasing medical products online," commented Bob Zollars, chairman, president and chief executive officer of Neoforma.com. "We've built a powerful and efficient solution, and we are working closely with these hospitals to see that they fully utilize the Neoforma solution. After integration is completed, these hospitals will have a robust procurement engine to access valuable purchasing information that was previously difficult or impossible to find." As of August 1, 2000, Neoforma's Services Delivery Group has begun the process of integrating healthcare facilities into marketplace@novation. Neoforma expects to continue to rapidly add new users to the marketplace and will launch two more waves of implementations this year, with launch dates of September 1 and October 1. Upon completion of integration, healthcare facilities will be able to utilize the marketplace@novation's contracting, procurement and supply chain solutions while using existing technology and preserving established trading relationships. "We're extremely happy with Neoforma's performance both as a technology partner and as a business partner. As a result of their work, we are on schedule to deliver significant e-commerce capabilities to VHA VHA Veterans Health Administration VHA Variable Housing Allowance VHA Villages Homeowners Association VHA Voluntary Hospitals Association VHA Virtual Home Agent VHA Very High Altitude VHA Vapor Hazard Area VHA Vermont Holstein-Friesian Association and UHC UHC UnitedHealthcare UHC United Health Care UHC University Hospitals of Cleveland UHC United Hitech Corporation UHC Udvar-Hazy Center (National Air and Space Museum) UHC University Health/System Consortium UHC Unburned Hydrocarbons members, beginning this fall." said John Burks, senior vice president of marketing, information services See Information Systems. and new business development at Novation. Novation, the largest supply chain management company in healthcare, serves the members of VHA Inc. and the University HealthSystem Consortium, two national healthcare alliances. In May 2000, Neoforma signed an exclusive 10-year amended agreement to provide e-commerce procurement solutions for Novation. In conjunction with this agreement, the two companies established marketplace@novation. The following healthcare organizations recently signed multi-year contracts to procure through marketplace@novation, powered by Neoforma: VHA Blodgett Hospital, Grand Rapids, MI Butterworth Hospital, Grand Rapids, MI Community General Osteopathic Hospital, Harrisburg, PA Community Hospital McCook, McCook, NE Community Hospital, Springfield, PA Crozer-Chester Medical Center, Springfield, PA Delaware County Memorial Hospital, Springfield, PA Faulkner Hospital, Boston, MA Harrisburg Hospital, Harrisburg, PA Lakeland Hospital, St. Joseph, MI Lakeland Specialty Hospital, St. Joseph, MI Middlesex Hospital, Middletown, CT Polyclinic Hospital, Harrisburg, PA Reed City Hospital, Grand Rapids, MI Seidle Hospital, Harrisburg, PA Springfield Hospital, Springfield, PA St. Joseph Lakeland Hospital, St. Joseph, MI Taylor Hospital, Springfield, PA West Shore Hospital, Harrisburg, PA UHC Harborview Medical Center, Seattle, WA University of Colorado Hospitals, Denver , CO About Neoforma.com, Inc. Neoforma is a leading provider of business-to-business e-commerce solutions to the global medical marketplace. Focused on transforming the inefficient and highly fragmented healthcare supply chain, the company provides marketplace solutions that enable buyers to lower product-procurement costs, while giving suppliers a new, highly efficient direct-marketing channel. Neoforma's comprehensive e-commerce solutions are focused on improving healthcare purchasing needs, from planning to procurement to liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy . For more information, visit the company's Web site at www.neoforma.com. About Novation Novation, the supply company of VHA and UHC, two national healthcare alliances, is based in Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to . Novation serves the purchasing needs of more than 2,000 members and affiliates of VHA and UHC, as well as more than 4,600 members of HealthCare Purchasing Partners International (HPPI HPPI - High Performance Parallel Interface ). The largest supply cost management company in healthcare, Novation manages nearly $15 billion in annual purchases for VHA, UHC and HPPI members. For more information on Novation, go to www.novationco.com. This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. include statements related to the anticipated benefits of Neoforma's agreements with the healthcare organizations. There are a number of technological and business risks that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks and other risks are described in Neoforma.com's periodic reports filed with the SEC including its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999, its Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2000 and its Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. , dated June 29, 2000, relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Novation transactions. Neoforma.com assumes no obligation to update the forward-looking information contained in this news release. Neoforma.com, Inc., and www.neoforma.com are trademarks of Neoforma.com, Inc. Other Neoforma.com logos, product names, and service names are also trademarks of Neoforma.com, Inc., which may be registered in other countries. Other product and brand names are trademarks of their respective owners. |
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