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Cepheid Updates Status Of Premier Group Purchasing Organization (GPO) Agreement
Date:7/30/2014

SUNNYVALE, Calif., July 30, 2014 /PRNewswire/ -- Cepheid (Nasdaq: CPHD) today announced that its group purchasing contract with Premier will end on September 30, 2014.  Customers currently purchasing through the Premier GPO will be able to continue their relationship with Cepheid through other GPOs including Amerinet, Baycare, HPA, MedAssets, Novation, and ROi, in addition to the recently announced agreement with HealthTrust, or directly with Cepheid.

"Cepheid has always recognized and supported the value of Group Purchasing Organizations and the role they play in driving the adoption of innovative technologies to improve patient care while also delivering attractive pricing for their members," said Jim Post, Cepheid's Executive Vice President of North America Commercial Operations.  "However, in this case, we were not able to agree on the appropriate level of fees paid by Cepheid relative to the value delivered by this particular contract.  Since we expect no customer or revenue impact, we have made the decision not to renew our agreement with Premier."

"Steps are being taken to ensure continuity of service for our customers as we make this transition," continued Post.  "Cepheid shares our customers' commitment to using high-value diagnostic tools to support the highest standards of patient care.  Regardless of the purchasing route, there is no change to that shared commitment."

About CepheidBased in Sunnyvale, Calif., Cepheid (Nasdaq: CPHD) is a leading molecular diagnostics company that is dedicated to improving healthcare by developing, manufacturing, and marketing accurate yet easy to use molecular systems and tests. By automating highly complex and time-consuming man
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