Healthcare Industry News: Medline
News Release - August 25, 2006
Bovie Medical Announces Marketing and Distribution Alliances with Medline IndustriesMELVILLE, N.Y.--(HSMN NewsFeed)--Aug. 25, 2006--Bovie Medical Corporation (the "Company") (AMEX:BVX ), a manufacturer and marketer of electrosurgical products, today announced a marketing and distribution alliance with Medline Industries, Inc., the nation's largest privately held manufacturer and distributor of medical products. The alliance will promote the sale of electrosurgical equipment and accessories in the hospital market. Medline has recently launched a full line of high quality electrosurgical accessories and will co-promote these accessories with Bovie's electrosurgical equipment to hospitals and hospital buying groups.
The program is being rolled out as group purchasing organizations and integrated delivery network contract renewals are re-negotiated.
Commenting on the alliance, Andrew Makrides CEO of Bovie Medical stated, "This alliance offers a significant value proposition to hospitals and hospital buying groups by emphasizing the strengths of both companies. Hospitals will have access to Bovie's advanced electrosurgical equipment as well as Medline's high quality accessories."
"We're excited to be working with Bovie Medical, a recognized leader in the electrosurgical market. This partnership further supports our mission to help improve patient care and the quality of peoples' lives by providing quality medical products with superior value to healthcare providers and end users," said Medline Anesthesia and OR Necessities Division President Jim O'Brien.
Mr. Makrides continued, "This alliance offers a one stop solution to the end user plus gives group purchasing organizations additional choices to offer to their members."
About Bovie Medical
Bovie Medical, Corp. (www.boviemedical.com), headquartered in Melville, NY with manufacturing in St. Petersburg, FL, is a developer, manufacturer and marketer of electrosurgical products.
Medline, headquartered in Mundelein, IL, with more than $2 billion in annual revenues, manufactures and distributes more than 100,000 products to hospitals, extended care facilities, surgery centers, home care dealers and agencies and other markets. Medline has more than 700 dedicated sales representatives nationwide to support its broad product line and cost management services. For more information on Medline, visit www.Medline.com.
This document may contain some forward looking statements, particularly regarding operational prospects in 2006 and beyond, which involve a number of risks and uncertainties that could cause actual results to differ materially. These risks are listed from time to time in the Company's SEC filings.
Source: Bovie Medical
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