This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Medical Action Industries Inc. Awarded National IV Site Management And Ascend Agreement With The Premier Healthcare Alliance

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.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,083.80 -2.83 -0.02%
S&P 500 1,987.98 +0.97 0.05%
NASDAQ 4,472.1080 -1.5890 -0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs