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University HealthSystem Consortium Selects Centurion Service Group for Equipment and Asset Liquidation Services

Thursday, May 6, 2010 Press Release J E 4
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OAK BROOK, Ill., May 5 The University HealthSystem Consortium (UHC) today announced an agreement with Centurion Service Group, based in Melrose Park, Ill, for equipment and asset liquidation services. The contract was effective on February 1, 2010.

Centurion, the world's largest medical auction house with offices in Chicago, Las Vegas, and Berlin, assists UHC members in the setup and management of their surplus asset programs and provides transparency during the auction process. Centurion accepts all salable medical equipment, from operating room, laboratory, and radiology equipment to smaller, less valuable items. Portable equipment can be picked up, eliminating the need for health care facilities to store the equipment on site. In addition, Centurion's licensed appraisal team provides certified appraisals to support any need related to asset valuation.

Centurion sells assets through 2 auction models:

"Centurion looks forward to assisting university hospitals across the United States with their surplus assets so they can focus on delivering quality and innovative care for their patients," said Erik Tivin, chief executive officer of Centurion Service Group.

"UHC selected Centurion for its experience, professionalism, and leadership in this arena. We're pleased to offer our members assistance in streamlining the process of managing surplus equipment, thereby saving them time and money," said Cindy White, UHC vice president, Member Relations and Networking.

About UHC

The University HealthSystem Consortium (UHC), formed in 1984, is an alliance of 107 academic medical centers and 234 of their affiliated hospitals, representing approximately 90% of the nation's nonprofit academic medical centers. UHC offers its members specific programs and services to improve clinical, operational, financial, and patient safety performance. The mission of UHC is to advance knowledge, foster collaboration, and promote change to help members succeed in their respective markets. For more information, visit www.uhc.edu.

About Centurion Service Group

Centurion Service Group, Inc., in business since 2001, has become the largest medical auction house in the world, selling more than 6,700 pieces of medical equipment each month. Centurion specializes in surplus asset services, including surplus consignment sales, department and full-facility liquidations, appraisals, and a proprietary, Internet-based asset reallocation software program.

-- Live auction in Centurion's warehouses with an Internet simulcast -- AuctionMart, for installed assets to be sold via timed online auctions

SOURCE University HealthSystem Consortium
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