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MEDRAD Multi Vendor Service Forms Alliance with Wetsco
Date:11/13/2008

Ultrasound repair providers join forces to provide superior customer care

WARRENDALE, Pa., Nov. 13 /PRNewswire/ -- MEDRAD, Inc., Multi Vendor Service announced today that it will form a strategic alliance with Wetsco, one of the most respected leaders in the ultrasound transducer repair industry.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040309/MEDRADLOGO )

This relationship brings together two of the most reputable, high-quality service providers in the ultrasound repair market. By combining Wetsco's unique repair and innovation capabilities with MVS' sales infrastructure, customer care, and world-class repair facility, the two companies will offer a superior customer experience.

Announcing the agreement today is the first of many milestones in this partnership, as subsequent announcements are planned in the next several months.

"This alliance is a great execution of the Multi Vendor Service mission. It will help us to provide the highest quality repair solutions, customer care, and repair innovation in the ultrasound third-party repair market," said Diane Watson, executive director of MEDRAD Multi Vendor Service. "I look forward to sharing additional information about our partnership soon."

"Wetsco will accelerate its ability to deliver innovative repair capabilities as a result of this alliance, while providing the best possible service to its customers," said Dennis Wulf, president of Wetsco.

About Wetsco

Based in Tulsa, Oklahoma, Wetsco is the technology leader in the third-party ultrasound repair market. It is a private company that evaluates and repairs ultrasound probes for OEMs, Independent Service Organizations and other third-party repair providers. Wetsco is a recognized market leader with differentiated repair capabilities, robust quality processes and strong R&D talent. For more information about Wetsco, visit http://www.wetsco.com .

About MEDRAD Multi Vendor Service

MEDRAD's Multi Vendor Service team provides OEM-quality repairs for all brands of MRI coils, ultrasound transducers and ultrasound parts in locations around the world. The MVS team leverage's MEDRAD's 200-plus, field-based representatives to deliver world-class customer service. MVS is recognized in the third-party repair industry for its quality, exceptional customer care, field support, and international presence. For more information about MEDRAD MVS, visit http://www.medrad.com/mvs.

About MEDRAD

MEDRAD, Inc., is a worldwide leading provider of medical devices and services that enable and enhance imaging procedures of the human body. Used in diagnostic imaging, MEDRAD's product offerings include a comprehensive line of vascular injection systems, magnetic resonance (MR) surface coils and patient care products, and equipment services. Total 2007 revenues were $525 million. MEDRAD is a 2003 recipient of the Malcolm Baldrige National Quality Award, the top honor a U.S. company can receive for quality and business excellence. The company's world headquarters is near Pittsburgh, Pennsylvania, in the United States. MEDRAD is an affiliate of Bayer AG. More company information is available at http://www.medrad.com.

The Bayer Group is a global enterprise with core competencies in the fields of healthcare, nutrition and high-tech materials. Bayer HealthCare, a subsidiary of Bayer AG, is one of the world's leading, innovative companies in the healthcare and medical products industry and is based in Leverkusen, Germany. The company combines the global activities of the Animal Health, Consumer Care, Diabetes Care and Pharmaceuticals divisions. The pharmaceuticals business operates under the name Bayer Schering Pharma AG. Bayer HealthCare's aim is to discover and manufacture products that will improve human and animal health worldwide. Find more information at http://www.bayerhealthcare.com.

Cautionary statement regarding forward-looking statements.

Certain statements in this press release that are neither reported financial results nor other historical information are forward-looking statements, including but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and MEDRAD's plans and objectives to differ materially from those expressed or implied in the forward-looking statements. MEDRAD, INC. undertakes no obligation to update publicly or revise any of these forward-looking statements, whether to reflect new information or future events or circumstances or otherwise.


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SOURCE MEDRAD, Inc.
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