This Day On The Street
Continue to site
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

Paradigm Spine LLC & OM HealthCare Logistics Sign Multi-Year Logistics Agreement

NEW YORK, Oct. 24, 2012 /PRNewswire/ -- Paradigm Spine LLC, a provider of innovative spinal implant technologies, and OM HealthCare Logistics, the third-party logistics (3PL) service of Owens & Minor, Inc. (NYSE: OMI), have signed a multi-year supply chain services agreement for the domestic healthcare marketplace.  Paradigm Spine will use OM HealthCare Logistics to distribute its signature product, the coflex ® device, in the United States.  The U.S. Food and Drug Administration recently granted Premarket Approval ("PMA") for coflex ®, a minimally invasive, Motion Preserving Interlaminar Stabilization™ device that is the first and only alternative to fusion for the treatment of Moderate To Severe Stenosis With Or Without Back Pain™. 

"Owens & Minor's track record of providing world-class supply chain management solutions throughout the healthcare industry was a major factor in our decision making process," said Steven Amelio, Chief Financial Officer of Paradigm Spine. "Owens & Minor's national-scale 3PL service is a natural fit for Paradigm Spine - coflex ® Interlaminar Technology is streamlined and compact, having fewer implants and instruments compared to competitors' systems.  OM HealthCare Logistics offers a breadth of services that will eliminate the complexities of introducing coflex ® to new customers.  The coflex ® device will be distributed immediately throughout the U.S. by OM HealthCare Logistics."

Through its domestic 3PL service, OM HealthCare Logistics, Owens & Minor will provide full "order-to-cash" services to Paradigm for managing distribution of the new device. These services include: customer service, accounts receivable management, invoicing, pick-pack-and-ship, and procuring and managing transportation services.

"We are very pleased that Paradigm has chosen OM HealthCare Logistics to help bring their new product to market in the United States," said Brian Shotto, senior vice president, Specialty Services for Owens & Minor. "Our customers appreciate the agility, reliability and flexibility of our third-party logistics service. By leveraging our comprehensive 3PL solution, as well as Owens & Minor's extensive connections to the leading healthcare systems around the country, companies such as Paradigm are free to do what they do best: develop life-changing medical technologies that contribute to the health of patients across the country and around the world."

About Paradigm Spine LLCParadigm Spine LLC, founded by Viscogliosi Bros., LLC in 2004, is a privately held company focused on the design, development and marketing of solutions for the treatment of spinal conditions and diseases.  The company's signature product is the coflex® Interlaminar Stabilization™ device, which has more than 18 years of clinical history with regulatory approval in more than 40 countries throughout 6 continents. For more information on Paradigm Spine LLC, please visit the company's new website at

About Owens & Minor, Inc.Owens & Minor, Inc. (NYSE: OMI) a FORTUNE 500 company headquartered in Richmond, Virginia, is a leading national distributor of name-brand medical and surgical supplies and a healthcare supply-chain management company. Owens & Minor is also a member of the Russell 2000 ® Index, which measures the performance of the small-cap segment of the U.S. equity universe, as well as the S&P MidCap 400, which includes companies with a market capitalization of $1 billion to $4.4 billion that meet certain financial standards. With a diverse product and service offering and distribution centers throughout the United States, the company serves hospitals, integrated healthcare systems, alternate site locations, group purchasing organizations, healthcare suppliers and the federal government. Owens & Minor provides technology and consulting programs that improve inventory management and streamline logistics across the entire medical supply chain from origin of product to patient bedside. For more information about Owens & Minor, visit the company website at

SOURCE Paradigm Spine LLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.26 -0.77%
FB $101.50 2.00%
GOOG $684.03 0.87%
TSLA $163.06 10.00%
YHOO $27.10 1.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs