Medical Action Industries Inc. (NASDAQ:MDCI), a leading provider of disposable medical and surgical products, today announced that it has been awarded a 36-month contract with Premier Purchasing Partners, L.P., the group purchasing unit of Premier Inc., for its IV Site Management products. Effective December 1, 2010, this new agreement offers Medical Action a unique opportunity for minor procedure kits and trays and includes a sole source component for Premier’s ASCEND members. ASCEND (Accelerated Supply Chain Endeavor) is designed to help the participating healthcare providers achieve and sustain rapid improvements in supply chain performance.
As a market leader in minor procedure kits and trays, Medical Action offers a comprehensive portfolio of kit configurations that assist healthcare providers with maintaining consistency of protocol, implementing clinical practices that create greater efficiencies, and minimizing the risk for hospital acquired conditions such as infections. In addition, Medical Action has an established history of strategic partnerships with industry leading companies so that hospitals and healthcare institutions will have access to cost effective brand components. Medical Action is committed to developing innovative solutions that lead to improved clinical and economic outcomes and enhanced patient care.
“We are very excited about this award as it demonstrates how much progress we have made in gaining the trust and confidence of Premier, a valued customer. The fact that we are the recipient of not only a national award but also the sole source ASCEND agreement, underscores our presence as a value added supplier and a market leader in minor procedure kits and trays. We are committed to exceeding customer expectations through the leadership of our newly formed Executive Healthcare Services team and dedicated clinical sales professionals,” stated Paul D. Meringolo, CEO and Chairman of the Board of Medical Action Industries Inc. “The high level of compliance in these facilities will enable us to deliver maximum economic outcomes,” Meringolo added.