2001 GHX Press Releases

WESTMINSTER, Colo.-May 9, 2001-Global Healthcare Exchange, LLC (GHX), an Internet-based provider of business-to-business procurement solutions for the healthcare marketplace, has added three new distributor members: Buffalo Hospital Supply, Grogan's Healthcare Supply and Pharmed Group Corporation. "Our decision to join Global Healthcare Exchange reflects our belief in the value of streamlining and automating the healthcare supply chain," says Pharmed Group Corporation CEO Carlos C?edes. "By connecting to GHX's catalog, we will be able to continue to improve the service we provide our customers." The industry standard catalog, designed for the purchase of both medical and non-medical products, was created to reduce the overall procurement costs by simplifying the supply chain process. Hospital members can access the Web-based catalog through their choice of front-end systems. Manufacturers and distributors will have the tools to efficiently review and update their catalog information instantaneously, further meeting their customers' requirements for accurate information and reduced order reconciliations. "With each new member who joins GHX, we add depth and efficiency, helping us to cut costs and increase convenience to our hospital members," says GHX President Mike Mahoney. "Working with these distributors will help us reach our goal of developing the first true industry standard catalog, enabling us to address the inefficiencies that currently plague our healthcare system." About Buffalo Hospital Supply Buffalo Hospital Supply, founded in 1977, has emerged as a full-line medical surgical dealer that distributes quality healthcare products across the full continuum of care (acute, long-term care, sub-acute and other managed care components). Buffalo Hospital Supply concentrates sales, marketing, logistics and management efforts into a well-defined regional area. Buffalo Hospital Supply sales for 2000 were approximately $48 million to hospitals and nursing homes across New York State and Northwest Pennsylvania. The supplier represents over 500 manufacturers and stock in excess of 11,000 products. More information can be found at www.buffalohospital.com About Grogan's Healthcare Supply Grogan's Healthcare Supply is a Lexington, Kentucky-based independent regional supplier to acute care, primary and alternate care, long-term care, and consumer markets. Since 1960, Grogan's has serviced Kentucky and surrounding areas with a full line of major brand disposables and equipment, as well as in specialty areas of laboratory, respiratory, adaptive equipment, first aid and safety, and home health care retailing and wholesaling. Engaged in Web-based e-commerce since 1997, Grogan's www.grogans.com has Web customers in 50 states and several foreign countries. About Pharmed Group Corporation Pharmed Group Corporation, with its headquarters and distribution center in Miami, Florida, is an independent distributor of medical, rehabilitation and pharmaceutical supplies. Since its founding over 21 years ago, Pharmed Group Corporation has grown to be a $150 million company with significant sales and experience in the Southeastern United States, the Caribbean, Central and South America. Listed in the top 50 Hispanic Businesses in the United States and recognized as the "Fastest Growing Hispanic Company in the USA," Pharmed Group Corporation is the only single source provider of occupational and physical therapy equipment and supplies in the United States. More information can be found at www.pharmed.com About Global Healthcare Exchange Global Healthcare Exchange, LLC (GHX), provides business-to-business supply chain solutions for the healthcare industry. Utilizing Internet-based technology, the company seamlessly integrates hospitals and suppliers, thereby improving efficiencies and adding value throughout the supply chain. GHX provides single-source ordering and tracking for both medical and non-medical products. The privately held company was founded in March 2000 and now comprises more than 80 supplier members and 38 integrated delivery networks (IDNs) encompassing 280 hospitals. Equity members of GHX include Johnson & Johnson, GE Medical Systems, Baxter International Inc., Abbott Laboratories, Medtronic Inc., Becton, Dickinson and Co., Boston Scientific Corporation, C.R. Bard, Inc., Guidant Corporation, Siemens Medical Solutions and Tyco International, Ltd. For more information visit www.ghx.com Contacts Cheryl Flury Director of Marketing Global Healthcare Exchange 720.887.7000 Lisa Miller or Jason Rodman BRW LeGrand (for GHX) 303.298.8470 lmiller@brwlegrand.com
Posted on Wednesday, May 09, 2001 Posted by host
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