Allegiance Healthcare Corporation Joins Global Healthcare Exchange.Business Editors, Health/Medical Writers WESTMINSTER, Colo. and MCGAW PARK, Ill.--(BW HealthWire)--April 8, 2002 Allegiance Healthcare Corporation, a subsidiary of Cardinal Health <includeonly></includeonly> Cardinal Health (NYSE: CAH) is a premier, global healthcare company dedicated to making healthcare safer and more productive. Overview Headquartered in Dublin, Ohio, Cardinal Health, Inc. , Inc. (NYSE NYSE See: New York Stock Exchange :CAH CAH congenital adrenal hyperplasia. CAH Congenital adrenal hyperplasia, see there ), has joined Global Healthcare Exchange, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (GHX GHX Global Healthcare Exchange GHX Ground Heat Exchanger ) as a distributor member. Allegiance is a leading manufacturer and distributor of medical, surgical and laboratory products. "Allegiance joined GHX to make it easier for our customers to work with their chosen e-commerce partners," said Doug Cassidy, senior vice president of e-business for Cardinal Health. "Allegiance supports GHX's efforts to foster the development and adoption of industry standards for medical-surgical products, as this will play a critical role in reducing errors and ultimately costs for all involved." GHX is developing the industry standard-based AllSource(TM) catalog, with standardized product A product that conforms to specifications resulting from the same or equivalent technical requirements. NATO standardized products are identified by a NATO code number. information provided and verified directly by the suppliers. Complementary efforts to clean hospital item master files and establish standardized hospital identification numbers will further increase the accuracy of business transactions performed through GHX's Internet-based trading exchange. Allegiance is transacting business with GHX suppliers and provider members directly through the exchange. GHX's membership includes more than 100 suppliers, and integrated delivery networks (IDNs) and independent hospitals that represent a total of over 800 hospitals. Cardinal Health was one of the founding members of HealthNexis, an e-commerce company that developed solutions for health-care manufacturers, distributors and purchasing organizations and recently combined business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets with GHX. Cardinal has representation on the GHX Board. "Distributors play an integral role in the health-care supply chain. Allegiance's proven expertise not only as a distributor, but also as a result of its own e-commerce initiatives, will prove to be a valuable addition and resource to GHX," said Mike Mahoney Mike Mahoney (born December 5, 1972 in Des Moines, Iowa), is a Major League baseball catcher, formerly with the St. Louis Cardinals. He made his Major League debut on September 8, 2000 with the Chicago Cubs, and after two seasons in Chicago, he was released and eventually signed , GHX chief executive officer. About Allegiance Allegiance Healthcare Corporation (www.allegiance.net) is a leading provider of health-care products and cost-management services needed by hospitals, laboratories and others in health care. Based in McGaw Park, Illinois, the company manufactures many of the products it markets and distributes, while others come from health and medical companies around the world. Allegiance also provides integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. such as clinical and productivity consulting, procedure-based supply packaging, just-in-time delivery and other services to help medical professionals control costs and improve quality in patient care. Cardinal Health, Inc. (www.cardinal.com) is a leading provider of products and services supporting the health-care industry. Cardinal Health companies develop, manufacture, package and market products for patient care; develop drug-delivery technologies; distribute pharmaceuticals, medical-surgical and laboratory supplies; and offer consulting and other services that improve quality and efficiency in health care. With headquarters in Dublin, Ohio Dublin is a city in Delaware, Franklin, and Union counties in the U.S. state of Ohio. The population was 31,392 at the 2000 census. In 2006, the population was estimated to be 36,565[1], and Dublin continues to be one of the fastest-growing suburbs of Columbus. , Cardinal employs more than 49,000 people on five continents and produces annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues exceeding $40 billion. About Global Healthcare Exchange Global Healthcare Exchange, LLC (GHX) is an Internet-based trading exchange from which hospitals can purchase both medical and non-medical products more easily, quickly, and accurately than ever before. GHX is building a normalized, verified industry standard catalog, which will take advantage of deep connectivity between GHX, hospitals, and suppliers to improve efficiencies and add value throughout the healthcare supply chain. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. was founded in March 2000 and its membership now includes more than 100 supplier members and over 800 hospital members, representing over 100 integrated delivery networks (IDNs) and independent hospitals. Equity owners of GHX include Johnson & Johnson; GE Medical Systems; Baxter International, Inc.; Abbott Laboratories; Medtronic, Inc.; AmerisourceBergen Corporation; Becton, Dickinson & Co.; Boston Scientific Corporation; Cardinal Health, Inc.; C.R. Bard, Inc.; Fisher Scientific International Inc.; Guidant Corporation; McKesson Corporation; Siemens Medical Solutions Siemens Medical Solutions (Siemens Med) is a supplier to the healthcare industry, and is headquartered in Erlangen, Germany. Its U.S. division, Siemens Medical Solutions USA, Inc., is a Delaware corporation, with headquarters in Malvern, Pennsylvania. and Tyco International, Ltd. For more information visit www.ghx.com. Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The forward-looking information and statements in this news release are subject to various risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. These risks and uncertainties include but are not limited to: those discussed or identified in the public filings with the U.S. Securities and Exchange Commission (SEC) made by Cardinal Health, Inc.; risks and uncertainties with respect to Cardinal Health's expectations regarding the accounting and tax treatment of acquisitions, the value of merger consideration, growth opportunities, earnings accretion, cost savings, revenue enhancements, synergies and other benefits anticipated from acquisition transactions; the costs and effects of government regulation and legal and administrative proceedings; difficulties related to integrating acquired businesses; the effect of any changes in customer and supplier relationships and customer purchasing patterns, shifts in the growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. among segments driven by various factors, general consumer perceptions of health-related concerns or the distribution outsourcing pattern for health-care products and/or services and of general economic conditions such as changes in interest rates and the performance of the financial markets, changes in domestic and foreign laws, regulations and taxes, changes in competition and pricing environments, and general market and industry conditions. Cardinal Health, Inc. undertakes no obligation to publicly update or revise any forward-looking statements. |
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