[February 26, 2013]

Methodist Le Bonheur Healthcare Signs Agreement with HealthTrust to Provide Total Cost Management Solutions

Today, Methodist Le Bonheur Healthcare and HealthTrust announced a new multi-year relationship that will commence on March 1, 2013. HealthTrust, a business unit of Parallon Business Solutions, a leading provider of healthcare business and operational services, was selected for its total cost management solutions including immediate contract value, custom sourcing expertise and progressive supply chain solutions.

Under the terms of the new agreement, HealthTrust will partner with Methodist Le Bonheur Healthcare to help it achieve its cost savings goals across its seven-hospital system in the Mid-South, comprising six adult hospitals and a children's hospital.

HealthTrust CEO Ed Jones said, "We're honored that Methodist Le Bonheur Healthcare has selected us after a thorough vetting of our model and capabilities. We are confident that through our programs and contract portfolio Methodist Le Bonheur Healthcare will exceed its cost reduction goals. We're excited to have the opportunity to drive significant additional value for this new member through the balance of our integrated supply chain solutions and custom sourcing programs."

"We look forward to collaborating with HealthTrust to help us achieve savings across our supply chain," said Chris McLean, CFO Methodist Le Bonheur Healthcare. "We were looking for a partner with unique shared services expertise and selected HealthTrust for its contract value, clinical operations experience, value analysis capabilities and proven track record in driving custom contracting results for large IDNs."

About HealthTrust

HealthTrust Purchasing Group, LP, (www.healthtrustpg.com) is committed to strengthening provider performance and clinical excellence through an aligned membership model and the delivery of total cost management solutions, including supply chain solutions and a contract and service portfolio unparalleled in quality, scope and value. Members include 1,400 not-for-profit and for-profit acute care facilities and 10,600 ambulatory surgery centers, physician practices and alternate care sites. Headquartered in Brentwood, Tenn., HealthTrust is closely integrated with the provider-proven capabilities of Parallon Business Solutions (www.parallon.net) which include workforce management solutions, revenue cycle and business process expertise and technology solutions.

About Methodist Le Bonheur Healthcare

Methodist Le Bonheur Healthcare is an integrated healthcare delivery system in Memphis, Tenn. Founded in 1918 by The United Methodist Church to help meet the growing needs for quality healthcare in the Mid-South, Methodist Le Bonheur Healthcare is a seven hospital system with six adult hospitals and Le Bonheur Children's Hospital. An eighth hospital, Methodist Olive Branch, will open in North Mississippi in the third quarter of 2013. The system also operates outpatient clinics, surgery and diagnostic centers, a residential hospice and several physician practices in Memphis, Shelby County and the surrounding area. Methodist's Memphis Hospitals, licensed as one, has been named the Best Hospital in Memphis by the U.S. News and World Report. With 1,709 licensed beds and nearly 63,000 discharges, Methodist is the third largest private, not-for-profit hospital in the country, based on admissions. To learn more about Methodist Le Bonheur Healthcare, visit www.methodisthealth.org.

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