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3M lands contract with health care firm Premier

Mon, 08/23/2010 - 4:45pm
The Associated Press

3M Co., which makes Post-Its, Scotch Tape and thousands of other products, said Monday it landed a contract with health care company Premier Inc. to provide sterilization assurance products.

Financial terms of the contract were not disclosed.

Under the deal, 3M's sterilization assurance products will be available to Premier's more than 2,400 member hospitals and nearly 70,000 other health care offices.

The contract is effective beginning Oct. 1.

In addition, 3M also was awarded a separate contract to assist hospitals participating in Premiere's Ascend program to cut costs through simpler purchasing processes and other services.

Shares of 3M fell 34 cents to $80.74 in aftermarket trading after adding 42 cents to $81.08 during the regular session.

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