Navigation Links
Dynatronics Signs Third GPO Contract in Two Months

SALT LAKE CITY, March 3, 2011 /PRNewswire/ -- Dynatronics Corporation (Nasdaq: DYNT) announces the signing of a contract with FirstChoice Cooperative, a group purchasing organization (GPO) headquartered in Tyler, Texas.  FirstChoice has a network of more than 20,000 members nationwide.  The three-year agreement with FirstChoice is effective March 1, 2011.

This represents the third GPO contract signed in the past two months with the three GPO's representing cumulatively 140,000 members.  

"The addition of these three GPO contracts provides an opportunity for significant incremental business to the company over the next twelve months and beyond," stated Kelvyn H. Cullimore Jr., chairman and president of Dynatronics.  "We are anxious to begin working with these potential new customers and introducing them to the Dynatronics brand of products."

GPOs represent the single largest share of purchasing power of the physical medicine market.

"These GPO members now have access to Dynatronics' premier line of equipment and supplies," said Larry K. Beardall, executive vice president of business development, sales and marketing.  "Based on the current interest level, we believe the conversion rate of GPO clinics to our brand will be better than originally anticipated."

"Opportunities for growth at Dynatronics have never been greater," added Cullimore.  "Breaking into the GPO market has been a major accomplishment that we expect will enable us to increase our market share significantly. We anticipate that this and other important developments at the company will also have a positive impact on shareholder value, particularly in conjunction with our recently announced $1 million stock buy-back program."

Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, podiatry, plastic surgery, dermatology and other related medical, cosmetic and aesthetic markets. More information regarding Dynatronics is available at  

This press release contains forward-looking statements. Those statements include references to the company's expectations and similar statements such as the statement regarding several million dollars in new business over the next year and expectations for future growth from GPO contracts. Actual results may vary from the views expressed in the forward-looking statements contained in this release. The development and sale of the company's products are subject to a number of risks and uncertainties, including, but not limited to, changes in the regulatory environment, competitive factors, inventory risks due to shifts in market demand, market demand for the company's products, availability of financing at cost effective rates, and the risk factors listed from time to time in the company's SEC reports including, but not limited to, the report on Form 10-K for the year ended June 30, 2010.

SOURCE Dynatronics Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Dynatronics Announces $1 Million Stock Buyback Program
2. Dynatronics Announces Fiscal Second Quarter Results
3. Dynatronics to Release Fiscal Second Quarter Results Monday, February 14, 2011; Conference Call Set for 1:30 p.m. ET
4. Dynatronics Named Contract Supplier to Amerinets 50,000 Members
5. Dynatronics Named Contract Supplier to Premier, Inc.
6. NASDAQ Gives Dynatronics a Second Six-Month Extension for Minimum Bid Price Compliance
7. Dynatronics Announces Fiscal First Quarter Results
8. Dynatronics to Release Fiscal First Quarter Results Thursday, November 11, 2010; Conference Call Set for 2:15 p.m. ET
9. Dynatronics Announces Positive Year-end Results
10. Dynatronics to Release Fourth Quarter and Year-End Results Wednesday, September 22, 2010; Conference Call Set for 1:00 p.m. ET
11. Dynatronics Launches E-Commerce Website
Post Your Comments:
(Date:11/26/2015)... , November 26, 2015 ... the addition of the  "2016 Future ... Global Cell Surface Testing Market: Supplier ... to their offering.  --> ... of the  "2016 Future Horizons and ...
(Date:11/26/2015)... STOCKHOLM , November 26, 2015 /PRNewswire/ ... --> Juntendo universitetssjukhus ser potential att ... av magnetresonansbilder (MR-bilder) för patienter med ... tecknat ett forskningsavtal med SyntheticMR AB för ... kliniska forskningsprojekt på sjukhuset. Med SyMRI kan ...
(Date:11/26/2015)... , November 26, 2015 /PRNewswire/ ... announced the addition of the  "2016 ... the European Therapeutic Drug Monitoring (TDM) ... Competitive Intelligence, Emerging Opportunities"  report to ... ) has announced the addition of ...
Breaking Medicine Technology:
(Date:11/27/2015)... ... November 27, 2015 , ... Keeping in mind ... mental health and wellness consultation, has collaborated with a leading web-based marketplace for ... gap experienced by parents and bring advice from parenting experts within their reach. ...
(Date:11/27/2015)... , ... November 27, 2015 , ... ... largest, most successful and prominent nonprofit healthcare organizations in the country. They have ... with various organizations, and helped advance the healthcare industry as a whole through ...
(Date:11/27/2015)... ... 27, 2015 , ... Avid collector, Andrew Hawley from Vintage Rock Posters, announces ... This is one of Joplin's most famous and beautiful concert posters. The concert was ... in Ann Arbor. The According to Hawley, "It is hard to believe that Joplin's ...
(Date:11/26/2015)... Marne, MI (PRWEB) , ... November 26, 2015 ... ... center for substance abuse located in central Michigan, have come together on Thanksgiving ... a specially produced video, available for viewing on the Serenity Point YouTube channel, ...
(Date:11/26/2015)... ... November 26, 2015 , ... CognisantMD and Cambridge Memorial ... in the Waterloo region. Using the Ocean Platform, family physicians can now order ... electronic medical record (EMR) without the need for redundant patient entry or an ...
Breaking Medicine News(10 mins):