Recovery mode.Specialty Laboratories Inc. took another step in its recovery with an agreement to be one of three reference laboratories to provide services to Premier Inc., one of the nation's largest group purchasing organizations 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. , with 1,500 hospitals and other participants. Management of the Santa Monica-based laboratory, which focuses on providing sophisticated testing services, said the two-year agreement that starts Jan. 1 "signals Specialty's renewed position as a major national provider of specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. reference testing." Specialty's stock and earnings went into a nose dive nose dive Noun 1. (of an aircraft) a sudden plunge with the nose pointing downwards 2. Informal a sudden drop: when we fail our self-confidence takes a nose dive Verb in 2002 after it lost a major customer and ran into quality control problems with state and federal regulators. Staff reporter Laurence Laurence is the surname or the given name of several people: Surname
|
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion