ST. LOUIS, and SAN DIEGO, July 20 /PRNewswire/ -- Mallinckrodt Inc.
(NYSE: MKG) and Premier Purchasing Partners, L.P., announced today that they
have signed a new Corporate Partnership Agreement, which extends an existing
agreement by two years and broadens the Mallinckrodt, Nellcor and Puritan
Bennett product lines included under the agreement.
The new agreement extends the Corporate Partnership through
December 31, 2006. The earlier agreement, which became effective
July 1, 1997, was for seven years.
New Mallinckrodt technologies and products added to the partnership
agreement include Nellcor pulse oximeters and sensors, Liebel-Flarsheim power
injector disposables and Optison(R), the only U.S.-marketed ultrasound
contrast media. The earlier Mallinckrodt-Premier partnership agreement
covered other Mallinckrodt contrast imaging agents, radiopharmaceuticals and
related products, endotracheal tubes, tracheostomy tubes and temperature
monitoring systems, all of which remain a part of the new expanded agreement.
"This new agreement provides Premier members access to all of
Mallinckrodt's products and bridges our imaging and respiratory offerings in a
way that delivers exceptional value to the participating Premier member," said
C. Ray Holman, Mallinckrodt chairman and chief executive officer. Premier
owners and member hospitals will benefit through increased participation and
commitment to Mallinckrodt.
"The new partnership is a reflection of our commitment to Premier as well
as to our objective to provide the highest quality, clinically useful products
for the improvement of healthcare at an affordable cost," he added.
Lynn Detlor, Premier Purchasing Partners president, said, "This new
partnership agreement illustrates a renewed commitment to Mallinckrodt,
Nellcor and Puritan Bennett branded products that shows our confidence in
Mallinckrodt's superior technology and ability to meet the clinical and
economic challenges of our membership. Mallinckrodt continues to deliver on
all fronts as a Premier business partner."
Premier is a strategic alliance of leading hospitals and healthcare
systems across the country, representing 215 owners and the 868 hospitals and
healthcare facilities they operate and approximately 900 other affiliated
hospitals. Total annual purchasing volume for the alliance reached
$10 billion in 1998.
Mallinckrodt Inc., based in St. Louis, Mo., has three healthcare product
groups -- Imaging, Pharmaceuticals and Respiratory. The company operates in
more than 100 countries and had fiscal 1998 net sales of $2.4 billion. The
Mallinckrodt web site address is http://www.mallinckrodt.com .
SOURCE Mallinckrodt, Inc.
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Related links:
http://www.mallinckrodt.com
Company News On-Call:
http://www.prnewswire.com/comp/440950.html or fax,
800-758-5804, ext. 440950
CONTACT:
Media, Barbara Abbett, 314-654-5230, E-mail,
ccommu@mkg.com, or Investor, Barbara Gould, 314-654-3190, E-mail,
Invest@mkg.com, both of Mallinckrodt, Inc.
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