Premier Healthcare Germany, Offsurance form strategic alliance to accelerate transformation of medical tourism

Up until the present moment, hospitals, agencies and service providers generally form 'industry clusters' to promote their services to international clients. By engaging the companies at the technology, marketing and operational levels, the alliance will allow both companies to drive new growth opportunities and has the potential ultimately to transform communications across clusters, reducing costs and complexity and improving productivity.

By combining Premier Healthcare Germany's extensive network of German hospitals with the Offsurance unique communication platform, the alliance will accelerate the availability of unified healthcare delivery system - an industry concept that uses advanced technologies to transform medical tourism from being process-driven to being more customer-centric. The Offsurance platform allows almost all of the stake holders to add value to the customer, making it easy and efficient for patients to reach quality hospital destinations, while interacting meaningfully with facilitators and service providers.

The combined efforts of the companies will develop traditional healthcare travel systems into a unified platform that enhances workflow efficiencies, while saving time and providing added functionality. This customer-centric approach will provide the easiest transition path for businesses that are focused on benefiting from the advances in medical tourism, helping to enable them to reduce the costs and also encouraging future investments into medical tourism.

"Our companies are both young, innovative organisations in their own domains — Premier's German network of hospitals and Offsurance's unique software platform," said Michael Meurs, co-founder and CEO of Premier Healthcare Germany. "By combining our strengths, we will accelerate the delivery of healthcare to our international customers, and offer a higher-quality experience, greater reliability and significantly lowered costs. That's where we can make a real difference."

"We are investing together because the industry is at an inflection point," said Dr. Fazel Raheman, inventor of the Offsurance platform and the company Chairman. "We will have deep collaboration in product development with Premier, allowing us to deliver high-quality, highly reliable solutions rapidly that will support mission-critical health care communications. The opportunity for our customers is fantastic. We will enable them to realize tremendous economic and business benefits from this."

"This is a defining moment for Premier — redefining how healthcare can be better delivered to the customer and working from that high point is part of our broader business strategy to transform our company into a leader within the European Union," said Olaf Haase, President and co-founder of Premier Healthcare Germany. "From this transaction, we believe we can capture significant market share, ramping up momentum through 2014 to achieve the ambitious business goals we have set for ourselves."

"Unified healthcare delivery will drive the next major advance in individual, team and organisational productivity in today's increasingly complex work environment," said Mr. Ranbir Singh, Vice president of the Business Development Division at Offsurance. "Our software-based approach puts people at the center of communications and intuitively embeds communications capabilities into healthcare delivery work flow, including third-party software applications."

Components of the Agreement:

- Strategic alliance

• The companies will enter into a five-year alliance agreement, with provisions for its extension
• Offsurance will be Premier Healthcare Germany's strategic partner for advanced unified communications solutions and systems integration
• The two companies will co-test and evolve innovative Communications platforms as go-to-market vehicles

- Solutions and systems integration

• Offsurance becomes a strategic systems integration partner for the advanced unified communications solution
• Premier believes it can capture substantial new revenue through its added service offerings

- Joint product development

• The companies will form joint teams to collaborate on product development that spans enterprise, mobile and wire line carrier solutions
• The two companies are considering cross-licensing intellectual property
• Premier and Offsurance will engage in early-stage integration and testing

- Go-to-market initiatives

• The companies will jointly benefit from the advanced unified communications solution and integration services
• Both companies will invest substantial resources in planning, marketing, business development and service delivery
• The two companies will expand their network of health providers in Germany or other areas, based on increased demand
• The two companies will develop a series of compelling 'outsourced' healthcare solutions for in bound customers to Germany and the European Union, from international corporations, fortune 500 companies, as well as small and medium-sized business, and added value providers.