Advanced Medical signs agreements with Premier Inc. and Criticare Systems Inc.SAN DIEGO--(BUSINESS WIRE)--Jan. 22, 1997--Solidifying its promise to implement strategic growth initiatives, Advanced Medical Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. ) has announced a sole-source agreement with Premier Purchasing Partners L.P., an affiliate of Premier Inc., the nation's largest health-care alliance enterprise, for tympanic tympanic /tym·pan·ic/ (tim-pan´ik) 1. tympanal; of or pertaining to the tympanum. 2. bell-like; resonant. tym·pan·ic adj. 1. and electronic thermometry thermometry Science of measuring the temperature of a system or the ability of a system to transfer heat to another system. Temperature measurement is important to a wide range of activities, including manufacturing, scientific research, and medicine. and related disposables. In an unrelated development, Advanced Medical announced that it has entered into agreements with Criticare Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CXIM) to license to Criticare its electronic thermometry technology for inclusion in certain vital signs monitoring products to be manufactured by Criticare. Under a separate agreement, Advanced Medical will have exclusive product distribution rights in the U.S. hospital market and in all Canadian markets. Criticare will sell the products only in the U.S. alternate site markets. Sole-source agreement with Premier, nation's largest health-care alliance "This contract represents an exciting opportunity for Advanced Medical and Premier to join forces, providing over 1,800 Premier owners and affiliates across the U.S. the finest-quality thermometry products, with a commitment to reducing the cost of care," said William J. Mercer, Advanced Medical president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Innovative products and services that meet the needs of our customers across the continuum of care are essential for growth and profitability," he noted. Part of Premier's purchasing commitment program, the five-year agreement with Advanced Medical features savings for Premier hospitals and systems which agree to buy 80 percent of their thermometry needs under this agreement. Pricing was effective Jan. 1, 1997. Other details were not disclosed. Group purchasing of supplies, pharmaceuticals and equipment is one of the major programs Premier operates to support owners' and affiliates' efforts to hold down health-care costs, improve quality and stay ahead of advances in clinical knowledge, technology and market changes such as managed care. Premier's total annual group purchasing volume is estimated at $10 billion. Premier maintains offices in Charlotte, N.C.; Chicago; San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. ; and Washington, D.C., to serve its 250 owners, the 700 hospitals and healthcare facilities they operate and approximately 1,100 other affiliated hospital and healthcare organizations. Supply and distribution agreement with Criticare Systems Inc. The agreement with Criticare Systems Inc. combines Criticare's expertise in the design and development of multiparameter patient monitors with the thermometry expertise and extensive U.S. and Canadian sales network established through the recent merger of Advanced Medical's IMED IMED International Medical Education Directory Corp. subsidiary with IVAC IVAC Islington Voluntary Action Council (England, UK) IVAC Insert Valid Access Card (satellite TV hacking) IVAC International Video & Audio Convention IVAC Idle Air Control Valve Medical Systems Inc. Advanced Medical is currently partnering with Criticare in the development of several products which combine IVAC's electronic thermometry technology into key Criticare patient monitoring systems. The signing of this supply and distribution agreement initiates the next step in bringing these new products to the market and provides Advanced Medical with a broader range of patient monitors. "In health care today, patients are moved out of intensive-care units more rapidly, thereby creating the need for advanced bedside monitoring in general care areas of the hospital," said Mercer. "This collaboration will allow both companies to offer their customers fully integrated monitoring systems which provide information on a patient's oxygen saturation oxygen saturation sO2 The O2 concentration of blood expressed as a ratio of its total O2-carrying capacity; the OS is a measure of the utilization of O2 transport capacity; sO2 , blood pressure, respiration rate respiration rate n. Frequency of breathing, expressed as the number of breaths per minute. , cardiac rhythm Noun 1. cardiac rhythm - the rhythm of a beating heart heart rhythm regular recurrence, rhythm - recurring at regular intervals atrioventricular nodal rhythm, nodal rhythm - the normal cardiac rhythm when the heart is controlled by the and temperature." "Our collaboration with IMED/IVAC through Advanced Medical represents an important step in our transition into this new medical environment," stated Gerhard Van der Ruhr, Criticare president and CEO. "Our engineering excellence combined with Advanced Medical's established sales force will allow us to reach a broader customer base." Criticare Systems designs, manufactures and markets cost-effective patient monitoring systems and non-invasive sensors for a wide range of hospital and alternate health-care environments throughout the world. Company headquarters is in Waukesha, Wis. Advanced Medical is a global leader in infusion systems. In November 1996, the company acquired IVAC Medical Systems Inc. and merged its IMED Corp. subsidiary with IVAC. Advanced Medical's principal line of business is the design, manufacture and marketing of intravenous infusion therapy products, patient monitoring instruments and related disposables. Advanced Medical's products are distributed in more then 120 countries worldwide. In addition to the San Diego world headquarters and manufacturing facility, the company also operates manufacturing facilities in Creedmoor, N.C.; Basingstoke, Hampshire, U.K.; and Tijuana, Mexico. Statements in this news release which are not historical facts, including statements about expectations regarding market acceptance are forward-looking statements that involve risk and uncertainties. Risk factors, including without limitations changes in the market and competition, are detailed in the Securities and Exchange Commission filings of Advanced Medical Inc., IVAC Medical Systems Inc. and Criticare Systems Inc., particularly their respective Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filings for the year ended Dec. 31, 1995. CONTACT: Advanced Medical Inc. Barbara Burkett, 619/458-7038 or Premier Inc. Laura Yandell, 704/679-5425 or Criticare Systems Inc. Gerhard J. Von der Ruhr, 414/796-8282 or Ketchum Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Jennifer Floto, 310/444-1307 or Investor/Analyst Contact Moira Conlon, 310/442-0599 |
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