Siemens AG, Healthcare Sector

Siemens Wins One of the Biggest Orders for Medical Systems

Healthcare sector will equip eight Korean hospitals – order volume approximately €28 million

The Catholic Medical Center in Seoul, Korea has ordered a total of seventy systems of medical equipment from Siemens Healthcare. Worth around 40 million USD (appr. €28 million), the order is one of the biggest of its kind in the medical industry worldwide. Siemens will equip the departments for radiology, nuclear medicine, oncology, cardiology and emergency medicine in the eight hospitals that make up the Catholic Medical Center. Siemens has also signed a service contract with the Medical Center for maintenance, upkeep and permanent monitoring of the equipment. One of the eight hospitals, Seoul St. Mary's Hospital, is still under construction and will be Korea’s biggest hospital once it is opened in April 2009. Catholic Medical Center will then become a mammoth multi-medical science complex where a 2,000-bed facility, research and education will take place.

“The Catholic Medical Center has long commanded a leading role in Korea’s medical care. Now we want to join in the top league worldwide, including by providing the best possible medical service by using the most innovative high-tech machines available,” said Director Rev. Matthias YoungSik Choi.

“The Catholic Medical Center contract is not only strategically important for us, but also fills us with pride. An order of this size clearly shows the depth of the trust Korea has in Siemens Healthcare’s service and innovation,” said Bernd Montag, Chief Executive Officer of Imaging & IT Division, Siemens Healthcare Sector.

The systems Siemens will be supplying to the Catholic Medical Center hospitals include magnetic resonance and computer tomography scanners, angiograph, X-ray, fluoroscopy and ultrasound machines, as well as equipment for nuclear medicine, mammography and radiation therapy.

The Siemens Healthcare Sector is one of the world’s largest suppliers to the healthcare industry. The company is a renowned medical solutions provider with core competence and innovative strength in diagnostic and therapeutic technologies as well as in knowledge engineering, including information technology and system integration. With its laboratory diagnostics acquisitions, Siemens Healthcare is the first integrated healthcare company, bringing together imaging and lab diagnostics, therapy, and healthcare information technology solutions, supplemented by consulting and support services. Siemens Healthcare delivers solutions across the entire continuum of care – from prevention and early detection, to diagnosis, therapy and care. Additionally, Siemens Healthcare is the global market leader in innovative hearing instruments. The company employs more than 49,000 people worldwide and operates in 130 countries. In the fiscal year 2007 (Sept. 30), Siemens Healthcare reported sales of €9.85 billion, orders of €10.27 billion, and group profit of €1.32 billion. Further information can be found by visiting www.siemens.com/healthcare