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NYU Medical Center selects Siemens as strategic partner

New York, June 3 -- NYU Medical Center announced today that it has entered into a strategic alliance with Siemens Medical Solutions USA, Inc., designed to establish the academic medical center as one of the nation's preeminent institutions for imaging in clinical care and scientific research. The landmark agreement will bring to NYU Medical Center a broad array of state-of-the-art imaging equipment that, collectively, will provide patients with access to the best diagnostic tools available and will provide researchers with cutting-edge technology to advance the applications of imaging in nearly every field of medicine.

At the center of the strategic alliance is a seven-year agreement that will make Siemens the exclusive supplier of all the of NYU Medical Center's radiology imaging equipment for its rapidly expanding program in diagnostic and interventional radiology. The agreement covers approximately 100 advanced clinical imaging machines and provides some of the most powerful magnetic resonance (MR) systems available for research, including a high-resolution research 7 Tesla magnet*, which can scan the entire human body and will be one of only a few available worldwide. The commercial value of the equipment and services included in the agreement exceeds $110 million.

Unlike most medical centers, which purchase or lease their radiology equipment from multiple manufacturers, NYU Medical Center will obtain its equipment and service for its large radiology program only from Siemens. The one-source agreement is among the first of its kind and, given its wide scope, may serve as a model for collaboration between other academic medical centers and manufacturers of medical equipment around the world.

Hospital for Joint Diseases, one of NYU Medical Center's affiliates in Manhattan, is also a party to the agreement and will receive certain radiology equipment and services.

Robert M. Glickman, M.D., Chief Executive Officer of NYU Medical C
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Contact: Michael Chapman
212-263-3244
New York University Medical Center and School of Medicine
3-Jun-2002


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