Healthcare Industry News:  Royal Philips Electronics 

Devices Group Purchasing Radiology

 News Release - July 27, 2006

Premier Inc. Announces Imaging Group Buy With Philips Medical, Mallinckrodt, and Medrad

CHARLOTTE, N.C.--(HSMN NewsFeed)--July 27, 2006--The Premier alliance of nearly 1,500 hospitals and health systems has announced a special group buy for Philips Medical Systems, as well as associated contrast media injectors from Mallinckrodt and Medrad.

The event, which runs through September 29, 2006, offers significant savings opportunities to members who are planning to add to or enhance medical imaging capabilities. All Premier members are eligible to participate in the group buy and orders can be placed through September 29, 2006, for delivery any time before September 29, 2007.

"This group buy allows Premier to provide our members exceptional value in medical imaging," said Mike Alkire, president of Premier Purchasing Partners, L.P. "By aggregating the volume of many members when purchasing these very expensive, but vital diagnostic tools, our participating members can achieve substantial savings on the latest available technology."

"A group buy is a second source strategy that allows Premier to work with contracted suppliers to deliver substantially greater savings to our owners and members by driving higher sales volumes in a shorter period of time," said Mike Georgulis, Premier vice president, Sourcing. "Premier's Field Force engaging with the contracted suppliers' sales force makes Premier the best group buy opportunity for our members and suppliers to consistently deliver market leading pricing."

Karen Phillips, Premier director of Imaging Services, said a member survey indicated considerable interest in such a group buy. Philips is one of two Premier contracted suppliers for medical imaging equipment.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 29 billion in 2003. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 165,600 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, semiconductors, and medical systems. News from Philips is located at www.philips.com/newscenter.

About Mallinckrodt Imaging

Mallinckrodt, a business unit of Tyco Healthcare, is an industry leader in imaging, providing a full line of contrast media and delivery systems, radiopharmaceuticals, and urology imaging systems for the diagnosis and treatment of disease in many imaging procedures. Headquartered in St. Louis, Mallinckrodt has been in the imaging business since 1913 developing and marketing products for hospitals, freestanding imaging centers and radiopharmacies. For more information, visit http://imaging.mallinckrodt.com/.

About MEDRAD, INC.

MEDRAD, INC. is a leading worldwide provider of medical devices and services that enable and enhance imaging procedures of the human body. MEDRAD's products used in diagnostic imaging include a comprehensive line of vascular injection systems, magnetic resonance (MR) surface coils and patient care products, and equipment services. Total 2005 revenues were $411 million. MEDRAD is a 2003 recipient of the Malcom Baldrige National Quality Award, the top honor a U.S. company can receive for quality and business excellence. World headquarters is near Pittsburgh. MEDRAD is a U.S. affiliate of Schering AG, Germany (FSE:SCH; NYSE:SHR). For more information, visit, www.medrad.com/.

About Premier Inc.

A healthcare alliance entirely owned by more than 200 of the nation's leading not-for-profit hospitals and healthcare systems, Premier Inc. helps hospitals accelerate both clinical and financial performance. Premier's shareholders operate or are affiliated with 1,500 hospitals and more than 41,000 other healthcare sites. Premier's members and clients benefit from group purchasing and supply chain services, clinical and operational performance measurement, benchmarking and insurance programs. Headquartered in San Diego, CA, Premier has offices in Charlotte, NC, and Washington, DC. For more information, visit www.premierinc.com.


Source: Premier

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