Bergen Brunswig Announces Primary Source Contract With BJC Health System.ORANGE, Calif.--(BW HealthWire)--Nov. 18, 1999-- Agreement With Prestigious Novation The substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement. A novation ordinarily arises when a new individual assumes an obligation to pay that was incurred by the original party Member Validates Bergen's Regional Prominence And New Programs Bergen Brunswig Drug Company (BBDC BBDC Brantley Capital Corporation (Cleveland, OH) BBDC before bottom dead center (referring to a piston in a engine) BBDC Banting and Best Diabetes Centre BBDC Beijing Benz-DaimlerChrysler Automotive Co, Ltd ), a subsidiary of Bergen Brunswig Corporation (NYSE NYSE See: New York Stock Exchange :BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. ), today announced a new, primary source agreement with BJC BJC British Journal of Cancer BJC Baptist Joint Committee BJC Bechtel Jacobs Company, LLC BJC Bryce Jordan Center (Penn State University building) BJC Barnes-Jewish/Christian (BJC Healthcare) Health System, one of the nation's leading integrated healthcare delivery networks and a major purchaser of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. through the Novation group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. . The three-year agreement, under which Bergen will supply pharmaceuticals and clinical consulting services to BJC's network of 13 hospitals, five nursing homes and more than 100 ambulatory care ambulatory care n. Medical care provided to outpatients. ambulatory care, n the health services provided on an outpatient basis to those who can visit a health care facility and return home the same day. delivery sites in Missouri and southern Illinois, extends a partnership first created in 1996, and is expected to generate more than $300 million in revenue to Bergen over the life of the contract, of which more than $100 million represents incremental new business. "Our partnership with Bergen will enable BJC to enjoy superior service levels while achieving significant cost savings over the next three years," said John Gloss, vice president, Pharmacy Services for BJC. "We believe this extension of our relationship will position us to achieve even greater efficiencies as we are able to implement a broader range of Bergen's innovative distribution and logistical supply chain initiatives." Noted Doug Swanson, president of health systems for Bergen Brunswig Drug Company, "This agreement is a strong endorsement of our performance-based strategies and reaffirms the value of our partnership with the market leaders. BJC is a premier healthcare provider and a flagship account for Bergen and Novation. Our results and new initiatives will translate to value for BJC and many other Novation members." The BJC agreement, which follows a recent agreement with Promina Health System in the Southeast, also solidifies Bergen's leadership in the integrated health systems marketplace, Swanson added. BJC Health System is one of the largest integrated healthcare delivery systems in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the largest employer in St. Louis, with annual net revenues totaling $1.9 billion. The non-profit system serves residents in Missouri and southern Illinois through a network of 13 hospitals, five nursing homes and more than 100 other accessible clinics, health centers and physician offices. BJC was the first health system in the country to combine urban, suburban and rural healthcare facilities with an academic medical center - Washington University Medical Center. In recognition of its efforts to enhance the quality of patient care, BJC was the recipient of the 1999 National Quality Healthcare Award from the National Committeee for Quality Health Care. Bergen Brunswig Corporation, headquartered in Orange County, California Orange County is a county in Southern California, United States. Its county seat is Santa Ana. According to the 2000 Census, its population was 2,846,289, making it the second most populous county in the state of California, and the fifth most populous in the United States. , is a leading supplier of pharmaceuticals, medical-surgical supplies and specialty healthcare products as well as information management solutions and consulting services. Bergen's customers include the nation's healthcare providers (hospitals, nursing homes and physicians) drug stores, manufacturers and patients. Through its subsidiaries, Bergen provides product distribution; logistics; pharmacy management programs; and Internet fulfillment strategies designed to reduce costs and improve patient outcomes across the entire healthcare spectrum. Certain of the information set forth in this press release may constitute "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 and are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those projected or implied. Such statements may be identified by the use of forward-looking language such as "may," "will," "should," "expect," "anticipate," "estimate" or "continue" or the negatives or other variations thereof or other similar terminology. Such risks and uncertainties include the risks described in exhibit 99 to the Company's Quarterly Report on Form 10Q for the quarter ended June 30, 1999 and in other reports and exhibits filed with the Securities and Exchange Commission. Bergen Brunswig press releases are available on the company's website at www.bergenbrunswig.com. |
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