Bergen Brunswig Medical Corporation Partners With Norton Healthcare to Improve Distribution and Lower Costs in Kentucky and Surrounding Region.ORANGE, Calif.--(BUSINESS WIRE)--May 6, 1999-- Bergen Brunswig Medical Corporation (BBMC), 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. ), announced today it has signed a three-year primary source agreement to provide medical-surgical products to Norton Healthcare's eight hospitals and more than 20 medical facilities in Kentucky, Indiana and Illinois. Norton Healthcare Norton Healthcare is Kentucky's largest healthcare system with 40 locations in and around Louisville, Kentucky. Founded in 1886, Norton's current major products include pediatrics; women's services; orthopedics; cardiac care; stroke care; advanced surgical services; cancer , through its Purchasing Partnership, comprises one of the largest integrated health systems in the region, significantly expanding Bergen's presence in the southern and midwestern areas of the nation. The three-year contract, which includes two, two-year extension options, builds on the successful relationship between Norton and Ransdell Surgical in Louisville, which Bergen acquired in 1998. The current contract is valued at approximately $75 million over the three-year term, of which approximately half is incremental new business to Bergen. "The responsiveness, the excellent service and the information solutions we have received from Ransdell have been key factors in helping us meet our goals of providing high quality, cost-effective care to the communities we serve," said Linda Bottorff, director of materials management/support services for Norton Healthcare. "We look forward to utilizing the added depth of resources that Bergen will provide, including improved information and systems packaging and direct delivery to our affiliates in Northern Indiana Northern Indiana is the region of Indiana including 26 counties bordering parts of Illinois, Michigan, and Ohio. The area is generally sub-classified into other regions. The northwest is economically and culturally intertwined with Chicago, and is considered part of the Chicago and Central Illinois Central Illinois is a region of the U.S. state of Illinois that consists of the entire central section of the state, divided in thirds from north to south. It is an area of mostly flat prairie. . We are confident that Bergen is our best choice as a partner who will help us move our objectives forward." Bill Elliott, president of Bergen Brunswig Medical Corporation, said, "Norton and its affiliates are among the most respected and prestigious health care providers in this important and growing market segment, and we are pleased and proud to join with them in standardizing the distribution process and innovating new supply chain efficiencies that will assist them in advancing their patient care goals." Norton Healthcare, a not-for-profit organization, operates Norton Hospital in the Louisville Medical Center, Kosair Children's Hospital A children's hospital is a hospital which offers its services exclusively to children. The number of children's hospitals proliferated in the 20th century, as pediatric medical and surgical specialties separated from internal medicine and adult surgical specialties. , Norton Audubon Hospital, Norton Southwest Hospital, Norton Suburban Hospital and the Norton Healthcare Pavilion in Louisville; Norton Springview Hospital in Lebanon, Ky; five Norton Immediate Care Centers in Louisville and Southern Indiana Southern Indiana, in the United States, is notable because it is culturally distinct from the rest of the state. The area's geography has led to a blend of Northern and Southern culture that is not found in the rest of Indiana. ; Carroll County Carroll County is the name of thirteen counties in the United States of America. All except Carroll County, Tennessee, are named for Charles Carroll of Carrollton, a signer of the United States Declaration of Independence from Maryland:
1. ^ [1] 2. ^ [2] URL accessed on June 8 2006 3. Hospital and its related facilities. Norton Healthcare also owns three physician practices, Community Medical Associates, Fincastle Medical Group and Southwest Family Medicine, and is affiliated with Floyd Memorial Hospital and Health Services health services Managed care The benefits covered under a health contract , New Albany, Ind.; Southern Indiana Medical Center, Charlestown, Ind., and Regional Medical Center in Madisonville, Ky. The Internet address is www.nortonhealthcare.com. Bergen Brunswig Corporation, a Fortune 200 company with 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 of $17 billion (excludes bulk shipments to customers' warehouses), is one of the nation's leading supply channel management companies, providing pharmaceuticals, medical-surgical supplies and specialty products as well as information management solutions and outsourcing services designed to improve cost-effectiveness and increase value for customers, patients and manufacturers across the entire healthcare spectrum. The company also develops disease-specific treatment protocols and pharmacoeconomic initiatives to assist in the reduction of overall healthcare costs while improving disease management and outcomes. Certain of the information (including information concerning products and services, future economic performance, plans, objectives and other financial 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. Some risk and uncertainties may include those relating to the economic environment, competition, reimbursement from third payors and other risks described in exhibit 99(a) to the Company's Annual Report on Form 10K for the most recent year ended September 30, 1998 and in other reports and exhibits filed with the Securities and Exchange Commission. P. Bergen Brunswig press releases are available at no charge through the company's Faxline. To receive a directory of available releases, call (800) 344-7508 and follow the voice-prompt instructions. You may also view the company's website at www.bergenbrunswig.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion