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PartsSource & Adventist Health Sign Agreement for Parts Procurement

AURORA, Ohio, April 30 /PRNewswire/ -- PartsSource, the nation's leading supplier of replacement medical repair parts for hospital equipment has ratified an agreement with Adventist Health to become their primary supplier of medical replacement parts. This agreement leverages the respective strengths of both organizations and will provide significant synergies to both organizations.

"Adventist is one of the nation's premier health systems and we are justifiably proud to count them as one of our key customers," said PartsSource President & CEO A. Ray Dalton. "This agreement is the fulfillment of many years of work and validates our position as the nation's #1 medical parts provider. Adventist's commitment to charitable work in conjunction with their long-standing reputation as one of the country's most respected health care systems makes them a natural business partner for our firm."

"This collaboration between Adventist Health West and PartsSource will provide Adventist Health West the ability to utilize economies of scale for savings in our parts acquisitions for the diverse medical equipment and systems which we support within our network of medical facilities, improved productivity of our Biomedical Engineering staff in the acquisition of parts and provide improved performance and reporting of parts acquisitions savings in our stewardship of Adventist Health West resources," said Mr. Luke Tynan, Director of Adventist Health Clinical Engineering Services.

Adventist Health, headquartered in Roseville, California, operates health care facilities throughout California, Hawaii, Oregon and Washington. Their system includes 18 hospitals with nearly 2,800 beds, more than 17,500 employees, numerous clinics and outpatient facilities, 15 home care agencies and three joint-venture retirement centers with a fourth on the way. PartsSource has been the recipient of multiple local, regional and national awards for growth, community service and profitability over the past five years. PartsSource was ranked the #1 company in Northern Ohio on the prestigious Weatherhead 100 for 2006 in addition to being placed on the Inc 500 in 2006 and 2007.

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