Message #1 From:
NewsBot Date: November 17, 2006 05:00:00 AM
PER News Tenet, Perot Systems Extend Long-Term Relationship
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) announced today that it has
signed a new 10-year contract with Perot Systems Corporation (NYSE: PER)
that expands, extends and strengthens the information technology support
and management services that Perot Systems has provided for the company
and its hospitals since 1990. Under the agreement, Perot Systems will
assist Tenet in enhancing the company’s
information systems to provide a strong foundation for the introduction
of advanced medical information technology designed to further improve
quality of care and patient safety at all Tenet hospitals.
“Perot Systems has been an excellent
information technology partner for Tenet, and this agreement brings
strength and stability to our successful 16-year relationship,”
said Trevor Fetter, Tenet’s president and
chief executive officer. “Supporting our
advanced clinical technology in our hospitals is a top priority for us.
Maintaining this important and valued relationship with Perot Systems is
a major step to ensure that our hospitals have the technology support
they need to continue the advancements we have made to improve the
clinical quality of our patient care.”
“The trust that Tenet has placed in Perot
Systems has enabled us to apply innovative technology solutions that
will help maintain the strong foundation Tenet has built in the pursuit
of quality patient care,” said Peter Altabef,
president and chief executive officer of Perot Systems. “As
a forward-thinking hospital operator, Tenet has also been instrumental
in helping Perot Systems become a technology leader in the health care
industry. We are pleased to extend and broaden our relationship, and
look forward to helping Tenet continue to enhance patient care through
information technology.”
In order to provide a stable system-wide platform for the coordinated
deployment and management of sophisticated new clinical technology, the
agreement calls for the information systems function at all of Tenet’s
hospitals to be managed by Perot Systems. As a result, the information
systems departments at the 41 Tenet hospitals that are not already
managed by Perot Systems will now be transferred to the Plano,
Texas-based information technology services provider. It is anticipated
that about 400 affected employees will be given the opportunity to
continue their employment with Perot Systems, with comparable salaries
and benefits.
“End-to-end management of our IT resources by
Perot Systems will enable us to support and maintain the advanced
clinical information technology of the future more efficiently and more
effectively at our facilities than is possible with individually managed
departments at our hospitals,” said Stephen
F. Brown, executive vice president and chief information officer for
Tenet. “With end-to-end responsibility, Perot
Systems will be able to more effectively leverage specialized technical
resources and best practices across all of our hospitals.”
Brown added, “As we move toward more advanced
clinical information systems, we are building a foundation that allows
us to have single-vendor suites of products at all of our hospitals. To
accomplish this, we’re going to need a high
level of coordination and technical skills in all of our hospital IS
departments. We believe Perot Systems is the right partner to help us
achieve these goals.”
The new contract also restructures Tenet’s
previous agreement with Perot Systems to better fit the smaller size of
the company following Tenet’s divestiture of
more than 50 hospitals over the last four years. It also allows for four
one-year extensions at Tenet’s discretion
beyond the new contract’s current expiration
date in 2016.
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 2005 revenue of $2.0 billion. The
company has more than 20,000 associates located in North America,
Europe, and Asia. Additional information on Perot Systems is available
at www.perotsystems.com.
About Tenet Healthcare
Tenet Healthcare Corporation, through its subsidiaries, owns and
operates acute care hospitals and related health care services. Tenet’s
hospitals aim to provide the best possible care to every patient who
comes through their doors, with a clear focus on quality and service.
Tenet can be found on the World Wide Web at www.tenethealth.com.
Some of the statements in this release may constitute forward-looking
statements. Such statements are based on our current expectations and
could be affected by numerous factors and are subject to various
risks and uncertainties discussed in our filings with the Securities and
Exchange Commission, including our annual report on Form 10-K for the
year ended Dec. 31, 2005, our quarterly reports on Form 10-Q and
periodic reports on Form 8-K. Do not rely on any forward-looking
statement, as we cannot predict or control many of the factors that
ultimately may affect our ability to achieve the results estimated. We
make no promise to update any forward-looking statement, whether as a
result of changes in underlying factors, new information, future events
or otherwise.
