ADAC signs national service agreement with Novare.MILPITAS, Calif.--(BW HealthWire)--April 22, 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 Novare Inc. of Cincinnati, Ohio “Cincinnati” redirects here. For other uses, see Cincinnati (disambiguation). Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. . The agreement designates ADAC as the primary nuclear medicine service and support provider for Novare's extensive customer base of hospitals and multi-facility healthcare organizations. Novare assists healthcare facilities to reduce costs associated with acquiring, managing and maintaining diagnostic imaging equipment. This relatively new market segment, known as asset management, has emerged as healthcare providers have been forced to achieve cost savings for the products and services they require. Mark Streety, Novare's president and chief executive officer, stated, "ADAC's commanding leadership in the field of nuclear medicine and excellent reputation made them a natural choice for this national service agreement. They will provide training and technical support for our personnel and help support our customer's nuclear medicine equipment. This partnership with ADAC will assist Novare to deliver high quality and cost effective asset management programs to our customers." Andy Eckert, ADAC'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, "We are very excited to enter into this partnership with Novare. ADAC strongly believes it can help Novare achieve its goals of improving the quality and delivery of cost-effective healthcare. This partnership will accelerate ADAC's momentum in the growing nuclear medicine multi-vendor service market. It represents a significant increase by adding between 75 to 100 systems to our multi-vendor service business." 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 leading supplier of radiation therapy planning systems and radiology and laboratory 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 Malcolm Baldrige National Quality Award The Malcolm Baldrige National Quality Award is given by the United States National Institute of Standards and Technology. Through the actions of the National Productivity Advisory Committee chaired by Jack Grayson, it was established by the Malcolm Baldrige National Quality . ADAC is headquartered in Milpitas, 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 Annual Report on 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. . 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 ext 1119 |
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