SOURCE: OSI

OSI

September 04, 2013 08:48 ET

Oncology Services International and Maintenance Value Plan Announce Strategic Alliance

MONTEBELLO, NY--(Marketwired - Sep 4, 2013) -  Oncology Services International (OSI), and Maintenance Value Plan (MVP) today announced a strategic alliance to better serve radiation oncology facilities. MVP and OSI will promote both company's services as a turnkey solution for facilities seeking a way to underwrite the risk associated with time and materials service.

"Some customers prefer a time and materials relationship when servicing their radiation therapy equipment. For these customers, the MVP product provides financial protection by underwriting the risk associated with not having a full service contract," said Richard J. Hall, President and CEO of OSI. "This strategic alliance provides our customers with a truly beneficial financial arrangement offering them protection and service value to maximize savings."

The MVP strategic alliance extends the breadth and flexibility of OSI's products and services. As the largest independent service organization in radiation oncology, OSI is committed to service solutions that fit every customer circumstance.

"We are excited to partner with OSI in promoting cost-effective choices for our MVP clients. They are the clear leader in this highly specialized service market, and their value proposition enhances the savings enjoyed by our clients," commented George F. Mann III, Chief Executive Officer of MVP.

Hall concluded, "Our leadership position has been achieved by focusing on the full breadth of customer preferences. This strategic alliance helps us best serve the market segment seeking alternatives to traditional full service agreements."

About Oncology Services International
Oncology Services International (OSI) is the world leader in linear accelerator service as well as Precision Certified equipment and parts sales. Founded in 1985, OSI's team of more than 50 engineers provide ongoing service and maintenance on more than 350 linear accelerators and CTs. OSI's cost-effective solutions, accompanied by its industry-leading high touch service, has created the largest independent service organization in oncology and positioned OSI as the leading alternative to the traditional reliance upon the manufacturer for extended service. The company provides service 24/7 on all major brands in the United States, has sold its factory-tested Precision Certified radiation oncology medical devices in 30 countries, and offers global distribution of new and fully tested used parts. Learn more at www.thinkosi.com.

About Maintenance Value Plan

The Maintenance Value Plan (MVP), a division of Global Risk Services, is an alternative Asset Management Program available to a variety of industry groups. Industries served include Health Care, Education, Government, Retail, Restaurants, Manufacturing and any other industry with a high concentration of extended service agreements. The MVP program allows the client to eliminate their current service contracts and pay time and materials for their repairs under a set aggregate deductible. If the client's repairs fall under this deductible, these dollars stay with the client as additional savings. If the client exceeds the deductible they are reimbursed by MVP. The MVP approach helps clients save anywhere from 15% to 40% or more, while allowing them to choose who performs their service and when they want it performed.

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