Friday, 11 July 2008

Premier contracts with LMS



LMS Medical Systems (LMZ - TSX)

Shares outstanding: 25.8m

Fully Diluted: 30.7 million

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Premier, one of the largest healthcare group purchasing organizations (GPO) in the United States, is providing LMS access to its extensive network of owners and affiliates. Under the newly signed GPO contract members have the opportunity to take advantage of special pricing and terms for LMS’ CALM Curve™ and CALM Shoulder Screen™.

Premier Inc. offers solutions in three areas where quality and financial performance are intimately linked:
- The healthcare supply chain;
- Performance measurement and improvement;
- Insurance and risk management.

Through Premier’s solutions and knowledge-sharing across the alliance, members and clients benefit from:
- Lower supply expense ratios;
- Higher quality in key clinical areas of interest to regulators and the public;
- Reduced insurance cost and risk levels.

Here are some facts and figures on Premier:
- Over 2,000 hospital members;
- 49,000+ other healthcare sites;
- $31 billion in member transactions;
- $1.5 billion in savings for its members;
- 6.02% pricing advantage over other GPO;
- 100+ regional field force and consultants;
- 224 contracted diverse suppliers.

To learn more about Premier, check out its website at http://www.premierinc.com/

To read the full release, click here