Healthcare Industry News: Beckman Coulter
News Release - November 7, 2007
Beckman Coulter Signs Agreements With MedAssets; Renews Chemistry, Automation and ImmunoassayFULLERTON, Calif., Nov. 7 (HSMN NewsFeed) -- Beckman Coulter, Inc. (NYSE: BEC ), a leading manufacturer of diagnostics instruments in the U.S., announced that it has renewed agreements valued at approximately $94 million per year with MedAssets Supply Chain Systems. MedAssets is one of the nation's largest healthcare group purchasing organizations, serving more than 125 health systems, including 2,500 hospitals.
Under the terms of the new three-year agreements, MedAssets members will continue to purchase automation, general chemistry, immunoassay, and integrated workcell systems from Beckman Coulter. The renewals complement existing agreements for Hematology, Flow Cytometry and Coagulation systems, already on contract with MedAssets.
In making the decision, Mary Ellen Kimmeth, MedAssets vice president of Laboratory Division and Capital Equipment Services, said, "MedAssets provides our members with cost-effective solutions that are critical to their success. Beckman Coulter shares that commitment, offering excellent customer service and a comprehensive range of innovative solutions that enhance our members' ability to deliver quality patient care."
Leland Mc Arthy, corporate vice president of North America Commercial Operations for Beckman Coulter, said about the contract renewal, "Our systems simplify and automate laboratory processes, helping to improve the productivity of MedAssets members. And the wide breadth of our products and services meets their diverse testing requirements that help improve patient health and reduce the cost of care."
Systems include Beckman Coulter's market-leading Power Processor Automation Systems and UniCel® DxC 800 and DxC 600 Synchron® Clinical Systems, as well as high-throughput UniCel DxI 800 Access® Immunoassay Systems and integrated UniCel DxC 600i Clinical Systems, which offer one of the broadest menus available today on a single instrument.
About MedAssets, Inc.
MedAssets Supply Chain Systems is one of the fastest growing group purchasing organizations in the U.S. and partners with healthcare providers to improve operating margins and cash flow while supporting quality of care goals. By implementing integrated solutions, MedAssets addresses the greatest opportunities for financial and process improvement and drives performance in revenue cycle, supply chain and clinical service line management. MedAssets is a business partner to more than 2,400 hospitals and 30,000 non-acute care healthcare providers. For more information, go to http://www.medassets.com.
About Beckman Coulter, Inc.
Based in Fullerton, California, Beckman Coulter develops, manufactures and markets products that simplify, automate and innovate complex biomedical tests. More than 200,000 Beckman Coulter systems operate in laboratories around the world, supplying critical information for improving patient health and reducing the cost of care. Recurring revenue consisting of supplies, test kits, service and operating-type lease payments represents more than 75 percent of the company's 2006 annual revenue of $2.53 billion. For more information, visit http://www.beckmancoulter.com.
Source: Beckman Coulter
Issuer of this News Release is solely responsible for its
Please address inquiries directly to the issuing company.