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MEDmarketplace.com Signs Contract with Resource Optimization & Innovation (ROi) to Sell Surplus Hospital Equipment
Date:12/4/2008

FT. LAUDERDALE, Fla., Dec. 4 /PRNewswire/ -- MEDmarketplace.com announced today that it has been awarded a purchasing agreement by ROi, the for-profit group contracting entity for the Sisters of Mercy Hospital System (Mercy), headquartered in St. Louis. MEDmarketplace.com provides a web-based marketplace for selling surplus medical equipment and supplies.

Under the agreement, Mercy's 18 acute care hospitals, two heart hospitals and other health related service organizations will have the opportunity to display and sell their unused and excess assets on the MEDmarketplace.com website.

"Our proprietary Progressive Access(TM) technology and our Fair Market Valuation service provides, ROi and Mercy with an exclusive marketplace to optimize the sale, transfer or donation of their unused and excess hospital equipment and supplies," said Vincent Baratta, MEDmarketplace.com founder and CEO. "We are happy to be partnering with MEDmarketplace.com. Their services are not only valuable from a cost perspective, but also give us an opportunity to ensure we are good stewards of our resources," said Larry Dooley, Vice President of Group Purchasing for ROi.

About MEDmarketplace.com

MEDmarketplace.com is the world's largest on-line marketplace for selling surplus hospital equipment and supplies. MEDmarketplace.com offers an innovative service for hospitals to generate revenue by providing a proprietary process for asset disposal. MEDmarketplace.com is ranked number 1 in hospital equipment, medical equipment, and medical supplies, among other related terms, on all major search engines. These rankings have helped to solidify the Company's status as the leading global medical marketplace for healthcare facilities, providers and consumers searching for medical equipment and supplies. Ziegler HealthVest Partners, LP is the lead institutional investor in MEDmarketplace.com. <
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SOURCE MEDmarketplace.com
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