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Source Atlantic and BJC HealthCare announce agreement

Rockland, MA, July 28, 2003

Source Atlantic announced today the signing of multi year agreement with BJC HealthCare, a multi-hospital health-care organization based in St. Louis. The agreement makes available Source Atlantic’s web based Capital Management Platform, Hourglass and partnership services to BJC members.

With Hourglass, BJC HealthCare can aggregate their project capital needs with their year-to-year requirements to standardize and optimize the capital budgetary and forecasting process. In addition to Hourglass, Source Atlantic offers partnership services including assessment, inventory, forecasting, equipment planning, aggregation and procurement.

“We are pleased and excited to offer Hourglass to BJC HealthCare. With the addition of Hourglass, BJC member hospitals will now have the tools they need to efficiently manage their capital requests and capital associated with construction and renovation projects. As well as the ability to develop incisive forecasting and capital aggregation programs” said William McGowan CEO of Source Atlantic. “We believe Source Atlantic will provide the tools necessary to help take our capital equipment program to the next level of sophistication and contribute to the accomplishment of our overall goal of creating a world class supply chain organization” said Nancy LeMaster, Vice President Material Service at BJC HealthCare.

About BJC HealthCare

BJC HealthCare is one of the largest non-profit health-care organizations in the United States, delivering services to residents primarily in the greater St. Louis, southern Illinois, and mid-Missouri regions. With net revenue of $2.4 billion, BJC serves urban, suburban and rural communities and includes 13 hospitals and multiple community health locations. Services include inpatient and outpatient care, primary care, community health and wellness, workplace health, home health, community mental health, long term care and hospice.

About Source Atlantic

Source Atlantic combines high technology and partnership services to be the leader in capital planning, procurement, and logistics for the healthcare industry. With the introduction of Hourglass, Source Atlantic offers a window into the entire capital lifecycle. For information on Source Atlantic’s Hourglass Platform or Partnership Services, visit them at www.sourceatlantic.com or contact Steve Sperrazza, Vice President, Sales at (781) 871.8500.