ADAC Signs National Service Agreement With COHR.MILPITAS, Calif.--(BW HealthWire)--Aug. 13, 1997--ADAC Laboratories (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADAC ADAC Allgemeiner Deutscher Automobil Club (German automobile club) ADAC Aboriginal Drug and Alcohol Council ADAC Art Directors and Artists Club (Sacramento, California) ADAC Alcohol and Drug Abuse Council ), the world market share leader in nuclear medicine imaging nuclear medicine imaging, n the diagnostic imaging field that evaluates organ function by injecting isotopes into a structure and documenting the amount of radiation emanating from the tissues. equipment, today announced the signing of a national service agreement with COHR COHR Congolese Observatory of Human Rights Inc., of Chatsworth, Calif. The agreement designates ADAC as the primary nuclear medicine service and support provider for COHR's extensive customer base of hospitals and multi-facility healthcare organizations. COHR assists healthcare facilities to reduce costs associated with acquiring, managing and maintaining diagnostic imaging and other types of medical equipment. This relatively new market segment, known as multi-vendor asset management, has emerged as healthcare providers aggressively pursue costs savings for the products and services they require. Andy Eckert, ADAC's chief executive officer, stated, "ADAC and COHR are forming a strategic alliance to help COHR and its customers improve the quality and delivery of cost-effective healthcare. This arrangement will add over 75 gamma camera gamma camera Nuclear medicine A device that evaluates the distribution of a radionuclide in the body post-injection systems to our rapidly growing multi-vendor service business." Sandy D. Morford, COHR's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , stated, "COHR is very excited to enter into this strategic alliance with ADAC. ADAC's expertise in the field of Nuclear Medicine will help us achieve our goals of delivering high-quality and cost-effective service to our customers, which will improve their capability to deliver effective healthcare." COHR Inc. is a leading national healthcare outsourcing organization that serves hospitals, integrated health systems and alternate site providers with a wide range of essential services and supplies. ADAC entered the multi-vendor service market with the 1995 acquisition of JD Technical Services and enhanced its position with the February 1997 acquisition of Photon Diagnostic Technologies Inc. ADAC Laboratories is the world market share leader in nuclear medicine and a supplier of radiation therapy planning systems and radiology, laboratory and cardiology information systems in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In 1996, ADAC became the first healthcare manufacturer to receive a Malcom Baldrige National Quality Award. ADAC is headquartered in Milpitas, Calif., with its Healthcare Information Systems division in Houston, Texas. This press release contains forward looking statements. Factors that could cause actual results to differ materially from those contained in such forward looking statements include those factors set forth under "Business Considerations" in the company's most recent Form 10-Q Form 10-Q See 10-Q. . All forward looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements. CONTACT: ADAC Laboratories Heidi Magner, 408/321-9100 |
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