Chromcraft Awarded Premier Healthcare Alliance Agreement
Chromcraft, a Division of Chromcraft-Revington, Inc., has been awarded a three year vendor contract starting January 1, 2012 with the Premier healthcare alliance.
Chromcraft specializes in made to order commercial furniture for the health care industry, corporate America, educational institutions and public areas at its factory in Senatobia, Mississippi and will celebrate its 50th anniversary in 2012.
Serving more than 2,500 U.S. hospitals and 80,000-plus other health care sites, the Premier healthcare alliance and its members are transforming health care together. Approximately 200 hospitals and health systems created and own the Premier alliance. Premier's mission is "to improve the health of communities."
When asked about the new contract, Ron Butler, Chromcraft-Revington, Inc. Chairman and CEO said, “The health care sector continues to grow significantly and our Commercial Division with the Premier healthcare alliance relationship continues to position Chromcraft where it needs to be for the future.”Chromcraft Revington® businesses design commercial and residential furniture marketed throughout North America under several brands, including the Chromcraft® brand. This release contains forward-looking statements that are based on current expectations and assumptions. These forward-looking statements can be generally identified as such because they include future tense or dates, or are not historical or current facts. Forward-looking statements are not guarantees of performance or outcomes and are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those reported, expected, or anticipated as of the date of this press release. Among such risks and uncertainties that could cause actual results or outcomes to differ materially from those reported, expected or anticipated are general economic conditions, including the impact of the current recession in the United States and elsewhere; the growth of the health care industry in the U.S.; the sales volume and margins for products sold to the Premier healthcare alliance; supply disruptions with products manufactured in China and other Asian countries; continued credit availability under Chromcraft Revington’s bank credit facility; market interest rates; cyclical nature of the furniture industry; consumer and business spending; customer acceptance of existing and new products; financial viability of our customers and their ability to continue or increase product orders; and other factors that generally affect business; and certain risks set forth in Chromcraft Revington’s annual report on Form 10-K for the year ended December 31, 2010.
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