FT. LAUDERDALE, Fla., June 23 /PRNewswire/ -- MEDmarketplace.com announced that it has been awarded a purchasing agreement by MedAssets Supply Chain Systems, effective June 1, 2009. MEDmarketplace.com, headquartered in Florida, provides a Web-based exchange for buying and selling of unused and excess medical equipment.
Under the agreement, MedAssets customers, including 1,800 hospital and IDN facilities and non acute care providers, will have the opportunity to display and sell their unused and excess assets on the MEDmarketplace.com website.
"We are very excited to join forces with a powerful organization like MedAssets that recognizes the monumental potential of supply chain management technology," said Vincent Baratta, MEDmarketplace.com founder and CEO.
"We believe that MEDmarketplace.com will be an asset to our portfolio of contracts designed to give MedAssets' customers a comprehensive and flexible approach for capital equipment life cycle management," said Mark Miriani, president, MedAssets Supply Chain Systems.
MEDmarketplace.com, the world's largest website for selling idle and excess hospital equipment and supplies, provides innovative, cost effective and revenue generating services to hospitals and alternative care facilities. MEDmarketplace.com is ranked #1 on all major search engines for terms including hospital equipment, medical equipment, and medical supplies. 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 medical supplies. Ziegler HealthVest Partners, LP is the lead institutional investor in MEDmarketplace.com.
About Ziegler HealthVest Partners, LP
Ziegler HealthVest Partners, LP, based in Milwaukee, WI, is a venture capital fund that invests in early-to-middle stage healthcare services, healthcare information technology and wellness companies. They are the lead institutional investor in MEDmarketplace.com. The Ziegler Companies, Inc. (symbol: ZGCO) is a growth-oriented boutique investment banking and investment services firm.
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