Park Nicollet Health Services Implements diCarta Contracts

Market Wire, August, 2005

diCarta, Inc., a leading provider of enterprise contract management software, today announced that Park Nicollet Health Services has implemented diCarta Contracts to manage the company's purchasing, independent contractor, and affiliation agreements.

Park Nicollet Health Services is an integrated care system with 7,500 employees and $766 million in annual revenue. The system includes Methodist Hospital, Park Nicollet Clinic, Park Nicollet Foundation, Park Nicollet Institute, and more than 24 clinics in Minneapolis and surrounding areas.

As part of this rollout, Park Nicollet has deployed diCarta Contracts to its contract management, purchasing, materials management, and senior administration organizations. Park Nicollet has also chosen to standardize on diCarta Contracts to manage all of its agreements throughout its entire healthcare system. When fully deployed, diCarta Contract Management software will be used by more than 150 professionals, including hospital administration staff clinics, laboratory services, and other departments.

diCarta Contracts is a comprehensive contract management solution -- spanning every stage of the contract management lifecycle, from proposal and contract creation, negotiation, obligations management, and compliance enforcement through contract amendment, renewal, and ongoing analysis.

"diCarta has established a strong track record of success in enabling healthcare providers to contain healthcare costs by streamlining contract management processes, improving contract control, and ensuring contract compliance," said Mike Kaul, President and CEO, diCarta. "We are pleased to have Park Nicollet join the ranks of leading healthcare companies benefiting from the diCarta solution."

About diCarta

diCarta is a leading provider of enterprise contract management solutions to manage the entire contract life cycle. diCarta Contracts provides the control and visibility that companies need to create better contracts, meet contractual obligations, manage customer and supplier performance against contract terms and language, and continually improve operations. Leading companies, such as Kraft, Kohler, and ConocoPhillips, depend on diCarta.

For more information about diCarta solutions, visit www.dicarta.com or call 1-888-496-2600.

For further information, contact: Allen Pogorzelski diCarta, Inc. (650) 474-3836 Email Contact