Navigation Links
Nyer Medical Group, Inc. Announces Sale of Company's Florida Medical-Surgical Division; Pharmacy Division Awarded Two-Year Preferred Supplier Contract
Date:7/9/2008

BANGOR, Maine, July 9 /PRNewswire-FirstCall/ -- Nyer Medical Group, Inc. (Nasdaq: NYER) announced that it has sold ADCO South Medical Supplies, Inc., ("ADCO South") its Florida Medical-Surgical division. Nyer further announced that its pharmacy division, D.A.W. Inc., was awarded a two-year contract with Sunrise Senior Living, Inc. to be the preferred pharmacy provider at all 16 of the company's Assisted Living Facilities in Massachusetts. The award was made at the conclusion of a competitive proposal submission and review process. Residents at the facilities approximate 1,600.

"We strongly believe that the divestiture of ADCO South was in the best interest of the shareholders. Its operation provided no synergies to our core business and was at the same time geographically cumbersome," stated President and CEO Mark Dumouchel. "We are additionally enthusiastic about having been awarded preferred vendor status by the Sunrise Assisted Living team. The awarding of the contract by this first-class organization is consistent with our strategic goals of being the area's top pharmacy niche provider," Dumouchel further stated. "With the aging of the baby-boomer population, we foresee a rapidly expanding demand for the specialized services inherent in our core competence, and we will continue to adapt our company to meet the needs of the Assisted Living Community and other unique niches within the market."

About Nyer Medical Group

Nyer Medical Group, Inc. is a holding company that through its subsidiaries operates pharmacies in the greater Boston area and a medical products business that distributes and markets medical equipment and supply products to hospitals, physicians and nursing homes using relationship-based telemarketing, direct sales personnel, catalogs and the Internet. These orders are filled by the company's distribution center located in New England.

For further information contact Mark Dumouchel (508) 429-8506, ext. 16.

Safe Harbor for Forward-Looking Statements

Certain statements contained in this press release are forward-looking in nature within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These statements are generally identified by the inclusion of phrases such as "we expect", "we anticipate", "we believe", "we estimate" and other phrases of similar meaning. Forward- looking statements include all statements that are not historical and include our statements discussing our goals, beliefs, strategies, objectives, plans, prospects and opportunities, and our statements relating to (i) the anticipated impact to be derived from the contract with Sunrise Assisted Living, (ii) the anticipated benefits to the business to be derived from the aging population, (iii) our plans to meet the future needs of the Assisted Living Community, expand and/or strengthen the services we offer, and iv) our plans to achieve operational synergies and revenue growth. These statements are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. Such factors include: (i) our ability to successfully integrate the Sunrise Assisted Living Business, (ii) our ability to retain key employees, and (iii) other factors identified in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Except as required by law, Nyer Medical Group undertakes no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


'/>"/>
SOURCE Nyer Medical Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Economic Stimulus Act Can Improve Medical Equipment Purchasing Power
2. Justice Department Reaches Settlement Agreement With Medical Weight Loss Clinic
3. Medicare Bidding Program Creates Major Problems for Physicians, Hospitals, and Beneficiaries Seeking Home Medical Equipment
4. Vivisimo Case Studies Detail Innovative Enterprise Search Applications by Medical Libraries, Womens Health Site
5. John McCains Record on Helping Families Facing Medical Bankruptcy: Bankrupt.
6. CRH Medical Corporation opens center in New Orleans, Louisiana
7. Mitigating Medical Identity Theft: AHIMA Journal Provides Patient Tools to Secure Health Information
8. Southern Home Medical Reports Its Encore Medical Staffing Division Increases Revenues by 63%
9. Central Bucks Specialists, a Cardiology and Gastroenterology Multi-location Clinic, Selects MxSecure, Inc., Provider of Medical Transcription Services, as their Transcription Provider.
10. Baron & Budd Attorney Denyse Clancy Speaks at International Mesothelioma Programs First Annual Harvard Medical School Course
11. Cleveland Clinic Physicians to Present at Medical Conference in Panama, July 11-12
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe earned his ... David Geffen School of Medicine at UCLA. He trained in Internal Medicine at Scripps ... in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the opportunity to ...
(Date:6/24/2016)... ... ... A recent article published June 14 on E Online details ... to state that individuals are now more comfortable seeking to undergo not only the ... and cheek reduction. The Los Angeles area medical group, Beverly Hills Physicians (BHP) notes ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Pulmonary ... Dallas that it will receive two significant new grants to support its work ... marked its 25th anniversary by recognizing patients, medical professionals and scientists for their ...
(Date:6/24/2016)... ... , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business ... to $12 an hour by 2020 and then adjusting it yearly to increase at the ... minimum wage, assure the wage floor does not erode again, and make future increases more ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... client, The Grove Investment Group (TGIG), has initiated cultivation and processing operations at ... Las Vegas and Pahrump, Nevada. , Puradigm is the manufacturer of a complete ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 2016  Guerbet announced today that it has been ... Award . One of 12 suppliers to ... its support of Premier members through exceptional local customer ... commitment to lower costs. ... our outstanding customer service from Premier," says Massimo ...
(Date:6/23/2016)... DUBLIN , June 23, 2016 ... the "Surgical Procedure Volumes: Global Analysis (United States, ... Australia, Canada)" report to their offering. ... an essential tool for healthcare business planners, provides surgical ... looks at surgery trends with an in-depth analysis of ...
(Date:6/23/2016)... June 23, 2016 The Biotechnology ... continues to present great opportunities to investors. Stock-Callers.com assesses ... Intrexon Corp. (NYSE: XON ), Vertex Pharmaceuticals ... (NASDAQ: ARNA ), and Regeneron Pharmaceuticals Inc. ... stocks and receive your complimentary trade alerts at: ...
Breaking Medicine Technology: