ARAMARK Chosen by Scott & White Healthcare System to Provide Comprehensive Managed Services.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Jan. 5, 2004 ARAMARK (NYSE NYSE See: New York Stock Exchange :RMK RMK Remark (Weather METAR) RMK Rocky Mountain King (Polaris Snowmobiles) RMK Remarks RMK Resource Manager Kernel ) today announced that it was selected by Scott & White, one of the largest multi-specialty healthcare practices in Texas, including one acute care hospital, one main clinic and 15 regional clinics in central Texas, to provide comprehensive managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality through its healthcare, uniform and conference center businesses. The partnership with ARAMARK, a world leader in managed services, and Scott & White will enable the healthcare institution to concentrate on clinical healthcare outcomes for its patients. Under the terms of the 10-year agreement, with annual sales estimated at $25 million, ARAMARK will provide Scott & White with patient and retail food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and , facility services and plant operations and maintenance, clinical equipment management, patient transportation, environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, , laundry, security, grounds and engineering services through its ARAMARK Healthcare Management Services business. ARAMARK also will manage a uniform program through ARAMARK Uniform Services for its own on-site employees and Scott & White staff, as well as provide hotel management services through ARAMARK Harrison Lodging for the Hilton Garden Inn Hilton Garden Inn is the name of a chain of hotels operated by Hilton Hotels Corporation. Hilton Garden Inns are considered to be upscale, mid-priced hotels that are designed for both business and leisure travelers. The hotel brand is similar to that of the Courtyard by Marriott brand. scheduled to open across the street from the hospital in January 2004. "We are proud to partner with such a reputable, patient-focused hospital system," said William Leonard, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARAMARK. "By applying our depth and range of innovative healthcare management practices as well as our uniform and conference center capabilities at Scott & White, we can enhance an environment that is centered on service excellence and help advance Scott & White's mission of patient and employee satisfaction." Through the efficient and professional management of broad-based services, ARAMARK's goal is to enable Scott & White to focus on what it does best - providing excellent patient healthcare. "Scott & White continuously seeks best practice methods that will help us meet the challenging economic conditions of the healthcare industry," said Donny Sequin se·quin n. 1. A small shiny ornamental disk, often sewn on cloth; a spangle. 2. A gold coin of the Venetian Republic. Also called zecchino. tr.v. , chief operations officer of Scott & White. "ARAMARK is a partner that shares our values and integrity and will bring new innovations to these service areas." ARAMARK, through its Healthcare Management Services group, is one of the leading providers of innovative, best-in-class service solutions to more than 1,200 hospitals, healthcare systems and senior living facilities throughout North America. The complete range of comprehensive and customized facility, food and clinical technology services provided by ARAMARK enables healthcare partners and senior living facilities to optimize patient throughput, maximize workforce, asset and capital resources, ensure superior quality and reliable performance, and enhance the patient experience to create the best environments for patient care. About ARAMARK ARAMARK is a world leader in providing award-winning food and facilities management services to healthcare institutions, universities and schools, stadiums and arenas, international and domestic corporations, as well as providing uniform and career apparel. In FORTUNE Magazine's 2003 survey of the "Most Admired Companies in America," ARAMARK ranks No. 1 in the outsourcing services category and is No. 10 among all companies included in the survey by overall score as evaluated by peers within the industry. Headquartered in Philadelphia, ARAMARK has approximately 200,000 employees serving clients in 18 countries. Forward-Looking Statements The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a 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. from civil litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. for forward-looking statements that reflect our current views as to future events and financial performance with respect to our operations. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as "aim," "anticipate," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe" and other words and terms of similar meaning in conjunction with a discussion of future operating or financial performance. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond our control) that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. The forward-looking statements regarding such matters are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. Factors that might cause such a difference include: unfavorable economic conditions, including ramifications ramifications npl → Auswirkungen pl of any future terrorist attacks; increased operating costs; shortages of qualified personnel; currency risks and other risks associated with international markets; risks associated with acquisitions, including acquisition integration costs; our ability to integrate and derive the expected benefits from recent acquisitions; competition; decline in attendance at client facilities; unpredictability of sales and expenses due to contract terms and terminations; clients' disputes of our contract determinations; high leverage; claims relating to the provision of food services; costs of compliance with governmental regulations; liability associated with non-compliance with governmental regulations, including regulations pertaining to food services and the environment; and seasonality. For further information regarding risks and uncertainties associated with ARAMARK's business, please refer to the "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Results of Operations and Financial Condition" and "Risk Factors" sections of ARAMARK's SEC filings, including, but not limited to, our 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. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. , copies of which may be obtained by contacting ARAMARK's investor relations Investor relations The process by which the corporation communicates with its investors. department via its web site www.aramark.com. Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us. |
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