ARAMARK Expands Agreement With Major Healthcare Alliance.Business Editors PHILADELPHIA--(BUSINESS WIRE)--March 21, 2002 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 ), a world leader in 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 , announced today that it was awarded an expanded five-year agreement with Premier, Inc., an alliance of healthcare facilities across the U.S. Under the agreement, ARAMARK, through its ARAMARK ServiceMaster Facility Services business, has been named a preferred food-and-facility-services vendor to Premier's member hospitals across the country. Under the previous agreement, ARAMARK had contracts worth an estimated $70 million in annual sales with 125 of Premier's member hospitals and health systems. Under the new agreement, ARAMARK becomes a preferred vendor to all of Premier's 1,600 member hospitals and healthcare sites. ARAMARK ServiceMaster Facility Services is the organization formed following ARAMARK's acquisition of ServiceMaster's Management Services business. The company will continue to offer services for the existing contracts with Premier's member hospitals including food and nutritional support nutritional support, n the supply of foods and liquids necessary to advance healing and support health. , housekeeping, plant operations and maintenance, and facilities engineering The term "facilities engineering" evolved from "plant engineering" in the early 1990s as U.S. workplaces became more complex. Practitioners preferred this term because it more accurately reflected the multidisciplinary demands for specialized conditions in a wider variety of indoor . "We are pleased that we are expanding our relationship with this major alliance in the healthcare industry," said Joseph Neubauer, Chairman 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. "We look forward to the opportunity to create further value and enhance the patient environment in Premier's member hospitals throughout the country." Premier, Inc. is a leading healthcare alliance entirely owned by more than 200 of the nation's leading hospital and healthcare systems. Together, they operate or are affiliated with hospital facilities and other healthcare sites in 50 states, providing service to more than 10 million patients a year. As a leading provider of facility services, ARAMARK serves the healthcare, education, business and industry sectors in the U.S. and Canada and with licensees in approximately 25 other countries. The business has annual net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of approximately $1 billion and provides a complete range of services including environmental, clinical equipment maintenance, facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. , facilities engineering and capital program management. About ARAMARK ARAMARK is a $9 billion world leader in providing managed services -- including food, facility and other support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , uniform and career apparel, and childcare and early education. ARAMARK has leadership positions serving the business, education, healthcare, government, sports and recreation sectors. In 2002, ARAMARK is rated No. 1 in the outsourcing services category in FORTUNE Magazine's 'Most Admired Companies in America' and is among the Top 50 companies overall. Headquartered in Philadelphia, ARAMARK has approximately 200,000 employees serving customers in 17 countries. Additional information on the company is available at www.aramark.com. |
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