CSC SIGNS $115 MILLION IT SERVICES RENEWAL AGREEMENT WITH HENRY FORD HEALTH SYSTEM
News Release -- July 15, 2009
FALLS CHURCH, Va., July 15 -- CSC (NYSE: CSC) announced today that it has signed a new information technology outsourcing services renewal contract with Henry Ford Health System, one of the nation's leading healthcare providers, located in southeast Michigan. The new five-year, three-month agreement runs through March 2014 and has an estimated total contract value of $115 million. The agreement was signed during the third quarter of CSC's fiscal year 2009.
Under the extension, CSC will continue to provide all applications development and support services, including more than 200 applications covering clinical, departmental, revenue cycle and PeopleSoft ERP. These services support day-to-day operations and large strategic initiatives, including development of an enhanced electronic medical record program and remediation of more than 50 application systems for the new 300-bed West Bloomfield Hospital.
"Having witnessed CSC's efforts firsthand, I applaud the company on this major milestone," said Arthur Gross, senior vice president and chief information officer of Henry Ford Health System. "CSC's applications expertise, disciplined methodology, outstanding collaborative teamwork, diagnostic and remediation skills, and account management all came into play in this decision."
"Henry Ford provides world-class medical care, and we enable them to focus on their patients by managing their technology and processes in ways that deliver on their strategic goals," said Vivek Chopra, president of CSC's Applications and Technology Services Group. "We understand their objectives, provide the right tools and work together as ‘OneIT' to not just react, but anticipate the regulatory and medical environment of tomorrow."
The original five-year contract was awarded to CSC in December 2000. In 2004, it was extended through March 2009 and the scope expanded to include additional services.
About Henry Ford Health System
Henry Ford Health System, one of the country's largest health care systems, integrates primary and specialty care with research and education. It includes the 1,100-member Henry Ford Medical Group (one of the ‘Six Clinics'), seven owned hospitals, the 500,000-member Health Alliance Plan, 27 primary care centers and many other health-related entities located throughout southeastern Michigan. Headquartered in Detroit, Henry Ford has 23,000 employees and reported total revenues of $3.7 billion for the 12 months ended Dec 31, 2008. For more information, visit Henryford.com.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $16.74 billion for the 12 months ended April 3, 2009. For more information, visit the company's Web site at www.dxc.technology.