Plano, Texas -- June 2, 2008 -- Perot Systems Corporation (NYSE: PER) today announced a Revenue Cycle Outsourcing agreement with Hawaii Medical Center, LLC. Perot Systems will assist Hawaii Medical Center with its goal of improved financial results while simultaneously allowing Hawaii Medical Center to focus on its core mission of providing superior healthcare. Financial details of the agreement were not disclosed.
"Perot Systems' will bring revenue cycle best-practices to Hawaii Medical Center. It is a company that is highly responsive to the needs of its Healthcare clients, and we believe that building a trusted relationship with them is very important to the long-term financial health of Hawaii Medical Center. Working with them will help us focus on our core mission of delivering high quality care in a compassionate environment," said Dr. Idbeis, CEO of Cardiovascular Hospitals of America, the majority shareholder of Hawaii Medical Center, LLC.
"Perot Systems is very excited to begin this relationship with Hawaii Medical Center," said Chuck Lyles, President of the Perot Systems global healthcare unit. "Our goal is to implement our world-class end-to-end revenue cycle solutions that will generate financial benefits and help Hawaii Medical continue to accomplish their mission of providing superior healthcare."
About Hawaii Medical Center
Hawaii Medical Center LLC is a partnership of CHA LLC CHA, a leading U.S. hospital management company, and the over 130 Hawaii-based physicians who form Hawaii Physician Group LLC. It is Hawaii's only physician-owner hospital and the state's only for-profit hospital. Hawaii Medical Center is a full-service, acute and tertiary-care hospital system on Oahu with two campuses -- Hawaii Medical Center East and Hawaii Medical Center West.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2007 revenue of $2.6 billion. The company has more than 23,000 associates located in North America, Europe, MENA and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
SOURCE: Perot Systems Corporation
Media Contact: Jonathan Moss
Phone: 972-971-2176
Email: jonathan.moss@ps.net
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