RTI Surgical Inc. (RTI) (Nasdaq:RTIX), a leading global surgical implant company, announced a new agreement with Yankee Alliance, a group purchasing organization with more than 14,700 members. The agreement covers RTI’s complete line of surgical specialties implants and is effective starting Jan. 1, 2014 for a term of three years.
RTI is the only provider with a comprehensive biologic solutions portfolio for use in hernia repair. The portfolio includes Fortiva™ porcine dermis, Cortiva™ human dermis, Tutopatch™ bovine pericardium and Tutomesh™ fenestrated bovine pericardium.
The surgical specialties implants are sterilized through the patented Tutoplast® Tissue Sterilization Process, a validated chemical sterilization process that thoroughly penetrates tissue, removing antigenicity and inactivating pathogens. Terminal sterilization using low dose gamma irradiation achieves a sterility assurance level (SAL) of 10 -6.
“We are pleased to announce this agreement with Yankee Alliance,” said Brian K. Hutchison, president and chief executive officer. “We look forward to offering their members our complete portfolio of surgical specialties implants which are backed by our stellar safety record of more than five million implants sterilized with zero incidence of implant-associated infection.”“We are always looking for ways to drive costs down in our member facilities and are excited to bring this affordable, high quality aggregated contract from RTI to our members,” said Craig Shoukimas, vice president of contracting at Yankee Alliance. For more information about RTI’s comprehensive line of biologic implants used in hernia repair procedures, please visit www.rtisurgical.com or contact an RTI representative at (877) 612-4287. About RTI Surgical Inc. RTI Surgical is a leading global surgical implant company providing surgeons with safe biologic, metal and synthetic implants. Committed to advancing science, safety and innovation, RTI’s implants are used in sports medicine, general surgery, spine, orthopedic, trauma and cardiothoracic procedures and are distributed in nearly than 50 countries. RTI is headquartered in Alachua, Fla., and has four manufacturing facilities throughout the U.S. and Europe. RTI is accredited in the U.S. by the American Association of Tissue Banks and is a member of Advamed. For more information, please visit http://www.rtix.com/. About Yankee Alliance Yankee Alliance, an owner of Premier Inc., is a group purchasing organization founded in 1984 on a belief in collaboration, that working together can achieve more than working alone. Our mission is twofold: to work with members to reduce supply and operating expenses through aggregation of data, purchasing, ideas and knowledge and to excel in strategic innovations that continually assist members in reducing their cost while recognizing their individual needs. Today Yankee Alliance remains true to the foundational belief in collaboration and has grown to over 14,700 members in all classes of trades across all 50 states. For more information visit www.yankeealliance.com. For more information, please contact Jason Bond, director of marketing, Yankee Alliance at (978) 470-2000 or at firstname.lastname@example.org. Forward-Looking Statement This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations, estimates and projections about our industry, our management’s beliefs and certain assumptions made by our management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, except for historical information, any statements made in this communication about growth rates, new product introductions, future operational improvements and results or regulatory actions or approvals or changes to agreements with distributors also are forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties, including the risks described in public filings with the U.S. Securities and Exchange Commission (SEC). In addition, these statements are subject to risks associated with the Pioneer’s financial condition, business and operations and the integration of Pioneer’s business with ours. Our actual results may differ materially from the anticipated results reflected in these forward-looking statements. Copies of the company’s SEC filings may be obtained by contacting the company or the SEC or by visiting RTI’s website at www.rtix.com or the SEC’s website at www.sec.gov.