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MED3OOO and Mitsui & Co. Complete U.S. and Global Healthcare Partnership Agreement

Friday, July 4, 2008 General News
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PITTSBURGH, July 3 MED3OOO Group, Inc. (MED3OOO), anational leader in healthcare management and technology products and servicesfor providers and employers, has entered into a partnership arrangement withMitsui & Co. (USA), Inc., a wholly owned subsidiary of Mitsui & Co., Ltd.(Mitsui). The agreement with Mitsui will provide MED3OOO with opportunities toexpand its vision of being a global "premier strategic operations partner" forthose involved in the delivery and financing of healthcare. With this businessarrangement, Mitsui will gain a minority ownership position in MED3OOO. Inaddition, both companies will develop an executive exchange program in orderto share information, develop global healthcare strategies to improve thehealth of populations, and make additional investments within and outside theUnited States for expanding product and service offerings.
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"We believe there is great potential for MED3OOO and Mitsui to developsignificant footprints in the global healthcare market place," said BunjiShinoda, Divisional Operating Officer, Mitsui & Co. (USA), Inc., ConsumerService and Business Development Division. "This is an excellent investmentand knowledge sharing opportunity in which both companies can expand productand service offerings, focusing mutual efforts on improving the health andquality of life for the populations we serve."
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"MED3OOO has made significant investments in providing advanced productsand services focused on improvement in the quality and cost of healthcare inthe United States," said Patrick V. Hampson, Chairman and CEO of MED3OOO. "Ourpartnership with Mitsui combines MED3OOO's experience in healthcaretechnologies and services with the global reach of Mitsui in countries thatmay benefit from our ability to improve healthcare delivery. MED3OOO andMitsui share a unique culture in our desire, not only to expand our mutualbusinesses, but to do so in a manner that is focused on improving clinicaloutcomes. Healthcare is a significant part of the global economy. As a Global150 Company, Mitsui can certainly enhance our abilities and opportunitiestoward reaching our vision."

About MED3OOO

(Logo: http://www.ereleases.com/pr/MED3OOO_logo.jpg)

MED3OOO, a leader in healthcare management services, informationmanagement, and technologies, advances the quality and performance ofhealthcare delivery for providers and payors across the United States. Focusedon the provision of evidence-based management and population healthmanagement, MED3OOO empowers over 15,000 physician, hospital, employer, healthsystem, and municipal clients across the United States. For more information,please visit http://www.MED3000.com or contact Karla Sartori, MED3OOOCorporate Marketing, at 412-937-8887 or [email protected].

About Mitsui & Co. (U.S.A.), Inc.

(Logo: http://www.ereleases.com/pr/MitsuiUSA_logo.jpg)

Mitsui USA is the largest wholly owned subsidiary of Mitsui & Co., Ltd.,and has operations in iron and steel products, energy and mineral resources,infrastructure projects, machinery, information business, organic chemicals,plastics and inorganic chemicals, foods and retail, and consumer service andbusiness development, among others. Mitsui USA has nearly 70 group companiesin various industries, supported out of its New York headquarters and tenother offices across the United States. For more information, visithttp://www.mitsui.com or contact Mitsui & Co. (U.S.A.), Research & PublicAffairs Center, at 212-878-4073.

About Mitsui & Co. Ltd.

Mitsui & Co., Ltd., Japan, is one of the world's most diversified andcomprehensive trading, investment, and service enterprises, operating globallywith over 42,000 employees (consolidated), 160 offices in 69 countries, andover 565 subsidiaries and associated companies worldwide. Mitsui is alsoinvolved in various businesses related to the aforementioned ac
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