LAKE FOREST, Ill., June 30 /PRNewswire-FirstCall/ -- Hospira, Inc. (NYSE: HSP), a global specialty pharmaceutical and medication delivery company, today announced agreements with MedAssets on intravenous (I.V.) solutions and gravity I.V. equipment, and a renewal of its agreement for infusion devices. The five-year MedAssets agreements are effective as of June 1, 2009, for I.V. solutions and equipment, and July 1, 2009, for infusion devices. These new agreements represent a first for Hospira from a contract award position on I.V. solutions and gravity I.V. equipment.
"MedAssets shares Hospira's commitment to improving patient and healthcare safety, as well as finding ways to reduce the high costs of healthcare," said Pete Baker, vice president and general manager, Commercial Service Operations, Hospira. "We look forward to continuing our work with MedAssets' member healthcare institutions to drive these goals."
The agreements, all of which run through June 30, 2014, are multi-source awards. They include Hospira's general-purpose medication management technologies, such as the Plum A+(R) device; the next-generation Symbiq(R) infusion system with Hospira MedNet(R) safety software; and pain management pumps, such as the LifeCare PCA(R) device with Hospira MedNet(R) safety software, and GemStar(R) ambulatory devices. These products play a critical role in improving patient safety as well as enhancing quality of care and clinician workflow. Also covered within the agreements is access to contracts for Hospira's I.V. solutions, including the company's environmentally preferable VisIV(R) container, and the IV solutions' associated equipment portfolio.
"We are pleased to expand our relationship with Hospira," said Mark Miriani, president of MedAssets Supply Chain Systems. "Adding Hospira's full line of I.V. solutions and gravity I.V. equipment to our existing portfolio provides additional options for our members as part of our flexible, customer-driven approach to reducing supply expenses for our members."
MedAssets (Nasdaq: MDAS) partners with healthcare providers to improve their financial strength by implementing spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care healthcare providers. For more information, visit www.medassets.com.
Hospira, Inc. is a global specialty pharmaceutical and medication delivery company dedicated to Advancing Wellness(TM). As the world leader in specialty generic injectable pharmaceuticals, Hospira offers one of the broadest portfolios of generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management solutions. Through its products, Hospira helps improve the safety, cost and productivity of patient care. The company is headquartered in Lake Forest, Ill., and has more than 14,000 employees. Learn more at www.hospira.com.
|SOURCE Hospira, Inc.|
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