ACS Completes Acquisition of Superior Consultant Holdings Corporation
28 Januar 2005 - 2:15PM
PR Newswire (US)
ACS Completes Acquisition of Superior Consultant Holdings
Corporation DALLAS, Jan. 28 /PRNewswire-FirstCall/ -- Affiliated
Computer Services, Inc., (NYSE:ACS), a premier provider of business
process and information technology outsourcing solutions, announced
today the successful completion of its previously announced
acquisition of Superior Consultant Holdings Corporation
(NASDAQ:SUPC), a leading provider of IT consulting services and
solutions to the healthcare industry, at a price of $8.50 per
share. ACS completed the acquisition through a cash tender offer
and a subsequent merger of a wholly owned subsidiary with and into
Superior. As a result of the merger, all outstanding shares of
Superior common stock not validly tendered and accepted for payment
in the tender offer were converted into the right to receive $8.50
per share in cash, without interest. Mellon Investor Services LLC,
the depositary for the tender offer and the disbursing agent for
the merger, will mail to non-tendering stockholders materials
necessary to exchange Superior stock certificates for such payment.
Superior shares were delisted from the Nasdaq National Market and
ceased to be traded at the close of business on January 27, 2005.
"ACS believes that the addition of Superior's consulting and
outsourcing capabilities is a key ingredient to effectively
delivering a full suite of services to the healthcare provider
market," said ACS Chief Executive Officer Jeff Rich. "Superior's
industry-leading, solution-driven outsourcing services improve the
performance of hospitals, health systems, and healthcare providers,
and we welcome them to our company." Established in 1984, Superior
provides IT consulting services and solutions to the healthcare
industry, including IT and business process outsourcing services,
facilities and applications management, network monitoring, and
helpdesk services. The company's clients include hospitals and
health systems, integrated delivery networks, and other providers
of care, technology firms, health plans, and state and federal
government agencies. Superior employs more than 700 experienced
healthcare professionals and is headquartered in Dearborn,
Michigan. The company also has offices in California, Connecticut,
Pennsylvania, and has served approximately 3,000 clients worldwide
throughout its 20-year history. ACS, a Fortune 500 company with
more than 43,000 people supporting client operations in nearly 100
countries, provides business process and information technology
outsourcing solutions to world-class commercial and government
clients. The company's Class A common stock trades on the New York
Stock Exchange under the symbol "ACS". ACS makes technology work.
Visit ACS on the Internet at http://www.acs-inc.com/ . The
statements in this news release that do not directly relate to the
historical facts constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements are subject to numerous risks and uncertainties,
many of which are outside the Company's control. As such, no
assurance can be given that the actual events and results will not
be materially different than the anticipated results described in
the forward-looking statements. Factors could cause actual results
to differ materially from such forward-looking statements. For a
description of these factors, see the Company's prior filings with
the Securities and Exchange Commission, including the most recent
Form 10-Q. ACS disclaims any intention or obligation to revise any
forward-looking statements, whether as a result of new information,
future event, or otherwise. DATASOURCE: ACS, Inc. CONTACT: investor
relations, Warren Edwards, Executive Vice President- Chief
Financial Officer, +1-214-841-8082, or , or media, Lesley Pool,
Senior Vice President-Chief Marketing Officer, +1-214-841-8028, or
, both of ACS, Inc. Web site: http://www.acs-inc.com/
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