Coastal Cooperative Forms Corporate Partnership with Hill-Rom Company.Business Editors & Health/Medical Writers WALL, N.J.--(BW HealthWire)--June 27, 2000 Coastal Cooperative of New Jersey, L.L.C. ("Coastal") today announced it has formed a 3-year corporate alliance with Hill-Rom Company, Inc., a unit of Hillenbrand Industries Hillenbrand Industries, Inc., is a holding company. It has two subsidiaries. Hill-Rom makes hospital beds, furniture, and other equipment. Batesville Casket Company makes caskets and cremation urns. Inc. (NYSE NYSE See: New York Stock Exchange :HB), a recognized worldwide leader in the manufacture, service and support of healthcare equipment. This corporate alliance establishes a commitment by both parties to provide the best product solutions that improve functional health outcomes, facilitate the patient care process and reduce the total cost of delivery. This program will be implemented at all Coastal member healthcare facilities. "Patient care and comfort are our top priorities, our reasons for doing business," comments John K. Lloyd, Chairman of Coastal Cooperative 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. of Meridian Health System. "This alliance with Hill-Rom supports our mission to improve the health status of the communities we serve through a focus on quality, efficiency and access combined with medical, professional, and patient education while always dedicated to professional excellence with personal concern." "Hill-Rom and Coastal Cooperative share a common vision: to provide total solutions for healthcare providers. This agreement presents caregivers and their patients affordable, quick access to the best medical equipment and services available today for timely and aggressive treatment," said Bob Tennison, President and CEO of Hill-Rom Company. Coastal will meet the needs of its member healthcare institutions with Hill-Rom products and programs that include innovative beds, therapy surfaces, birthing beds, perinatal perinatal /peri·na·tal/ (-na´t'l) relating to the period shortly before and after birth; from the twentieth to twenty-ninth week of gestation to one to four weeks after birth. per·i·na·tal adj. / neonatal products, modular wall systems, medical gas management systems, staff / patient communication systems, stretchers, surgical columns, room furniture and lighting. Coastal members will also have access to proven processes for wound care and pulmonary outcomes management. Hill-Rom is a market leader in providing modern therapeutic products and surfaces designed to prevent and treat open wounds, pressure ulcers Pressure ulcer Also known as a decubitus ulcer, pressure ulcers are open wounds that form whenever prolonged pressure is applied to skin covering bony outcrops of the body. Patients who are bedridden are at risk of developing pressure ulcers. , burns and surgical flaps and grafts as well as any pulmonary complications associated with immobility immobility standing still and disinclined to move, as in an animal suddenly blinded; responds to other stimuli unless immobility is part of a dummy syndrome when all stimuli are ignored. . Hill-Rom also offers extensive service maintenance and repair programs in addition to clinical education and other programs such as prevalence surveys to help assess needs and set clear, measurable objectives. Both parties are committed to working in partnership to continuously improve specific clinical and financial outcomes through needs assessments, clearly defined objectives, improved processes and regular measurement of those improvements. "We are constantly looking to partner with organizations that share our vision and mission of supporting wellness, prevention, early diagnosis, treatment and maintenance following treatment," comments John K. Lloyd, Chairman of Coastal Cooperative and CEO of Meridian Health System. "This alliance will allow us to most effectively provide that full continuum of care to better serve our patients and our communities." Coastal, managed by Joint Purchasing Corporation ("JPC JPC Joint Parliamentary Committee (India) JPC John Paul College (Queensland, Australia) JPC Joint Propulsion Conference JPC Joint Planning Committee JPC Jpeg-2000 Code stream "), is located in New Jersey's central shore region in Monmouth and Ocean Counties. Coastal is comprised of Jersey Shore Medical Center, Medical Center of Ocean County and Riverview Medical Center Riverview Medical Center is a 476 - bed acute care community hospital located in Red Bank, New Jersey, United States. Since 1928, Riverview has maintained a proud health care tradition in a setting that is comfortable, caring and close to home. , along with several long term care and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities, rehabilitation rehabilitation: see physical therapy. centers and various specialty services, totaling more than 1,500 combined beds. Coastal Cooperative was created in August 1998 in a joint venture partnership between Meridian Health System and JPC. In this model JPC acts as an internal agent sharing the risks and benefits of the arrangement with the cooperative members and allows customized materials planning and contracting directly with suppliers. The Hill-Rom Company Inc. (www.hill-rom.com) headquartered in Batesville, Ind., is a leader in the worldwide health care community providing sales, rentals, service and support for products including beds, therapy surfaces, stretchers, infant warmers, incubators, furniture, communication systems, surgical columns, medical gas management systems, modular headwalls and lighting systems. The company employs approximately 6,300 people. Hillenbrand Industries Inc., (www.hillenbrand.com) also headquartered in Batesville, is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. for three major wholly owned businesses serving the funeral services and health care industries. Hillenbrand employs approximately 10,800 people worldwide. JPC, headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY, is a cost management services company that offers solutions to healthcare providers seeking to strengthen their bottom line. JPC's cost management strategies help healthcare facilities become more solvent in order to fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. their mission of providing high-quality medical care to the communities they serve. For more information on JPC, please visit their website at www.jpc.org All commercial inquiries should be directed to Timothy Mangione, Vice President for Network Services for JPC / Coastal Cooperative, at 732.295.6284. |
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