EX-99.1
5
a5344704ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Exhibit
99.1
CONTACT:
Gary
Blackford
President
and Chief Executive Officer
Universal
Hospital Services, Inc.
(952)
893-3250
Rex
Clevenger
Senior
Vice President and Chief Financial Officer
Universal
Hospital Services, Inc.
(952)
893-3254
February
26, 2007
UHS
to acquire biomedical services business of Intellamed
Universal
Hospital Services, Inc. ("UHS"), and Intellamed, Inc., ("Intellamed") announced
today that they have entered into a definitive agreement providing for the
purchase by UHS of the biomedical services assets of Intellamed.
Under
the
arrangement, more than 300 biomedical services customers located in 25 states
will become customers of UHS. The parties anticipate that they will collaborate
on future business opportunities, including Intellamed's internet based
equipment exchange.
Gary
Blackford, President and CEO of UHS commenting on the acquisition, stated
that
"This acquisition provides us with key additional technical capabilities.
We
welcome our new teammates and look forward to working with Intellamed to
bring
our mutual customers a broader array of offerings." David Hickson, CEO of
Intellamed stated: "We are excited about this transition for our stakeholders.
We know UHS will provide greater value for our customers and more opportunities
for our employees".
This
acquisition is expected to close during the second quarter of 2007, subject
to
obtaining third party consents and the satisfaction of customary closing
conditions.
Universal
Hospital Services, Inc. ("UHS")
is
a
leading, nationwide provider of medical equipment outsourcing and services
to
the health care industry. Its customers include national, regional and local
acute care hospitals, alternate site providers (such as nursing homes and
home
care providers) and medical equipment manufacturers. As a leading medical
equipment lifecycle services company, UHS designs and offers comprehensive
solutions for its customers that reduce costs, increase equipment and staff
productivity and support optimal patient care.
Intellamed,
Inc.
Located
in
Bryan, Texas, Intellamed provides resources for the procurement, support
and
final disposition of capital equipment for the health care industry.
Intellamed's products and services are being used in hundreds of medical
facilities throughout the nation. Their on-line auction site, Auctionmart™
(www.auctionmart.com), has become the industry leader in medical equipment
disposition. MedRFP® is an on-line RFP system for the purchase of new and
remanufactured equipment from over 150 Certified Remanufacturers and
Refurbishers.

EX - 99 . 1 5 a5344704ex99 _ 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Exhibit 99 . 1 CONTACT : Gary Blackford President and Chief Executive Officer Universal Hospital Services , Inc . ( 952 ) 893 - 3250 Rex Clevenger Senior Vice President and Chief Financial Officer Universal Hospital Services , Inc . ( 952 ) 893 - 3254 February 26 , 2007 UHS to acquire biomedical services business of Intellamed Universal Hospital Services , Inc . ( " UHS " ) , and Intellamed , Inc . , ( " Intellamed " ) announced today that they have entered into a definitive agreement providing for the purchase by UHS of the biomedical services assets of Intellamed . Under the arrangement , more than 300 biomedical services customers located in 25 states will become customers of UHS . The parties anticipate that they will collaborate on future business opportunities , including Intellamed 's internet based equipment exchange . Gary Blackford , President and CEO of UHS commenting on the acquisition , stated that " This acquisition provides us with key additional technical capabilities . We welcome our new teammates and look forward to working with Intellamed to bring our mutual customers a broader array of offerings . " David Hickson , CEO of Intellamed stated : " We are excited about this transition for our stakeholders . We know UHS will provide greater value for our customers and more opportunities for our employees " . This acquisition is expected to close during the second quarter of 2007 , subject to obtaining third party consents and the satisfaction of customary closing conditions . Universal Hospital Services , Inc . ( " UHS " ) is a leading , nationwide provider of medical equipment outsourcing and services to the health care industry . Its customers include national , regional and local acute care hospitals , alternate site providers ( such as nursing homes and home care providers ) and medical equipment manufacturers . As a leading medical equipment lifecycle services company , UHS designs and offers comprehensive solutions for its customers that reduce costs , increase equipment and staff productivity and support optimal patient care . Intellamed , Inc . Located in Bryan , Texas , Intellamed provides resources for the procurement , support and final disposition of capital equipment for the health care industry . Intellamed 's products and services are being used in hundreds of medical facilities throughout the nation . Their on - line auction site , Auctionmart ™ ( www.auctionmart.com ) , has become the industry leader in medical equipment disposition . MedRFP ® is an on - line RFP system for the purchase of new and re manufactured equipment from over 150 Certified Remanufacturers and Refurbishers .
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O