Bacterin International Signs Its Fourth National GPO Contract with the Premier healthcare alliance
BELGRADE, Mont., July 10, 2012 /PRNewswire/ -- Bacterin International Holdings, Inc. (NYSE Amex: BONE), a leader in the development of revolutionary bone graft material and antimicrobial coatings for medical applications, announces its fourth national GPO (group purchasing organization) contract, a three-year agreement with the Premier healthcare alliance, one of the nations largest GPOs, serving over 2,600 hospitals and more than 84,000 other healthcare sites that represent over $43 billion in annual purchasing power. The agreement provides Bacterin's full biologic portfolio, including OsteoSponge®, OsteoSelect® DBM Putty, OsteoWrap®, OsteoLock®, BacFast®, hMatrix®, Sports Medicine Allografts, and traditional allografts for specially negotiated pricing to the nationwide network of hospitals and medical practices served by Premier. The group purchasing agreement became effective, after performing months of research and evaluation of the Bacterin product lines.
"We are pleased to partner with Premier, a world leader in helping deliver measurable improvements in care," said Guy Cook, Chairman and CEO of Bacterin International. "Bacterin has helped many healthcare institutions recognize cost savings on biologics by providing quality allografts with proven clinical efficacy. Receiving this award will help us reach additional hospitals and surgical centers within the Premier network of facilities and continue our commitment to reducing excessive spend while surpassing the needs of our surgeons and their patients."
About the Premier Healthcare Alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,600 U.S. hospitals and 84,000-plus other healthcare sites using the power of collaboration to lead the transformation to high-quality, cost-effective care. Owned by hospitals, healt