MedAssets Supply Chain Systems and Varian Medical Systems Renew Supply Agreement for Medical Technology | Varian

MedAssets Supply Chain Systems and Varian Medical Systems Renew Supply Agreement for Medical Technology

PALO ALTO, Calif., March 1 /PRNewswire-FirstCall/ -- Varian Medical Systems, Inc. (NYSE: VAR) and MedAssets Supply Chain Systems today announced they have renewed a long-standing agreement under which Varian will offer MedAssets' customers advanced technologies for treating cancer and neurological conditions. The contract covers Varian's state-of-the-art equipment and software for radiation therapy as well as for neurosurgery, and includes products for delivering image-guided radiation therapy (IGRT) and stereotactic radiosurgery.

"This agreement renews a long-standing contract that provides MedAssets' customers with special buying opportunities for our newest products and services," said Dow Wilson, president of Varian Medical Systems' oncology business. "We're working together with MedAssets to make it easier for hospitals to offer their patients the most up-to-date technologies for neurosurgery and radiation therapy."

The three-year contract covers the full spectrum of Varian's products for delivering radiotherapy and neurosurgery, including the Clinac® and Trilogy™ linear accelerators; the On-Board Imager™ and RPM™ respiratory gating devices for delivering adaptive, image-guided radiotherapy; Eclipse™ treatment planning software; VARiS® and ARIA™ oncology information systems; Acuity™ simulators; and SonArray™ ultrasound imagers for patient positioning. It also includes Varian's VariSource™ and GammaMed™ products for brachytherapy, a cancer-treatment technique that involves placing radioactive sources directly into the targeted tumor.

"We are providing our customers with affordable access to the most comprehensive line of radiotherapy products and services for state-of-the-art cancer treatments and neurosurgical procedures," said Jerry Allen, director of Imaging Services, MedAssets Supply Chain Systems. "We're enabling them to choose the most versatile, cost effective medical products and technologies for patient care."

About MedAssets

MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives as well as decision support technology and services. As a strategic business partner, MedAssets can replace multiple vendors and decrease supply costs by 3-10 % and increase net patient revenue by 1-3%. MedAssets Net Revenue Systems provides best-of-breed revenue solutions including strategic pricing, pre-bill charge capturing, and ongoing chargemaster management tools, all of which have been Peer Reviewed by the Healthcare Financial Management Association. MedAssets Net Revenue Systems also offers denials management and a tool to link supply cost data with charge data. MedAssets Supply Chain Systems is one of the fastest growing group purchasing organization in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, food and nutrition items, and capital equipment. The newly formed MedAssets Analytical Systems offers supply chain analytics and decision support tools while clinical and operational consulting services are provided through MedAssets' subsidiary, Aspen Healthcare Metrics. Avega Health Systems, a subsidiary of MedAssets, ranked "Best in KLAS" in Business Decision Support - KLAS Enterprises, LLC 2005. For more information about MedAssets go to http://www.medassets.com/ or contact Gary Johnson, corporate senior vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 3002.

ABOUT VARIAN MEDICAL SYSTEMS

Varian Medical Systems, Inc., of Palo Alto, California is the world's leading manufacturer of integrated cancer therapy systems, which are treating thousands of patients per day. The company is also a premier supplier of X- ray tubes and flat-panel digital subsystems for imaging in medical, scientific, and industrial applications. Varian Medical Systems employs approximately 3,500 people who are located at manufacturing sites in North America and Europe and in its 56 sales and support offices around the world. Additional information is available on the company's web site at http://www.varian.com/ .

FOR INFORMATION CONTACT:
  Varian Medical Systems
  Meryl Ginsberg, 650-424-6444
  meryl.ginsberg@varian.com

  MedAssets Supply Chain Systems
  Jill Winkler, Three Atlanta
  404-266-0899 x 119
  jwinkler@3atlanta.com

SOURCE: Varian Medical Systems, Inc.

CONTACT: Meryl Ginsberg of Varian Medical Systems, +1-650-424-6444, or
meryl.ginsberg@varian.com; or Jill Winkler of Three Atlanta, +1-404-266-0899,
ext. 119, or jwinkler@3atlanta.com, for MedAssets Supply Chain Systems

Web site: http://www.varian.com/