New York City's World Product Centre Announces Initial Charter Partners |
Future Midtown Manhattan healthcare center offers a highly visible,
neutral and transparent platform for healthcare industry to conduct
commerce, host educational events, clinical training, and leverage unique
facilities and resources to collaborate
NEW YORK, July 1 /PRNewswire/ -- World Product Centre (WPC) today
announced that Dublin, Ohio-based Cardinal Health -- one of the world's
largest healthcare suppliers -- is among the first 11 healthcare companies
to sign License Agreements with WPC.
Joining Cardinal Health as Charter Partners in WPC are Zimmer, Inc., a
global orthopedic manufacturer and distributor in the U.S. and Encompass
Group, LLC, a manufacturer and distributor of healthcare textiles, uniforms
and architectural products addressing patient safety and satisfaction.
Also signing on are seven of the portfolio companies under the
healthcare-focused private equity partnership Roundtable Healthcare
Partners: ACI Medical, a biomedical engineering firm engaged in
manufacturing and sales of therapeutic products and technologies for
individuals with varying degrees of life-impairing vascular conditions;
Bioniche Pharma, a leading developer and manufacturer of injectable
pharmaceuticals; Aspen Surgical, a worldwide leader of specialty medical
products; CorePharma, a manufacturer and marketer of generic
pharmaceuticals; Avalign Technologies, a premier, full-service supplier of
implants, instruments, and delivery systems; Excelsior Medical, a medical
device company offering products that fulfill the needs of the healthcare
practitioner; and Vesta, a contract manufacturer with innovative solutions
in medical grade silicone molding and extrusion.
"World Product Centre is pleased to welcome this esteemed and diverse
group of companies as our initial Charter Partners," said John Strong,
President of World Product Centre Marketing. "These companies are at the
forefront of the healthcare industry and we are looking forward to
introducing more Charter Industry and Education Partners in the coming
months."
"The development of World Product Centre provides a transparent,
neutral location for healthcare providers to evaluate products and services
from a variety of manufacturers and distributors," said Mark Rosenbaum,
Chief Customer Officer for Cardinal Health. "In addition, World Product
Centre will act as a collaboration catalyst for healthcare suppliers to
stimulate innovation and address the cost and quality challenges of today's
complex healthcare system."
Because of impending healthcare reform in the U.S., it is imperative
that medical product suppliers and providers can find a neutral place to
conduct business and collaborate, as well as develop "best practices" that
will support innovation.
"We continue to hear from industry that sales and marketing activities
are being regulated and they are looking for new approaches to ensure
effective brand visibility and successful business development," said
Strong. "A neutral platform offering visibility is at the heart of WPC's
mission in one of the world's leading cities for business and medical
education."
"Healthcare reform in the U.S. will require a transparent and open
market to preserve the collaboration and innovation that has made this
country a leader in the global healthcare market," said Jack McGinley, a
founding partner at Roundtable Healthcare Partners. "For our emerging
growth companies, WPC offers high visibility to Wall Street, proximity to
potential acquisition partners and access to a high density of local
healthcare providers who can view and evaluate new innovation."
The Northeastern U.S. offers what is arguably one of the richest
concentrations of academic medical centers, hospitals and related
healthcare providers in the world, including the most orthopedic resident
physicians and orthopedic surgery fellowship positions in the United
States. Nearly half of the nation's teaching hospitals are within a
half-day's drive of World Product Centre.
"Situated in New York, World Product Centre is in close proximity to
many top hospitals and teaching centers," said Alisa Lask, Vice President,
Strategic Marketing at Zimmer Holdings, Inc. "With the demand for
orthopedic procedures expected to grow substantially in the coming years,
Zimmer anticipates that our presence at the new World Product Centre will
provide an opportunity to educate prospective surgeons about the industry
while simultaneously displaying our innovative product portfolio."
WPC will offer a number of clinical and business "Centers of
Excellence" within the building. One planned center is for healthcare
facility building, architecture, medical furnishings and "green"
construction.
"The ability to meet our customers on neutral territory as they examine
products for new buildings and remodeling is very exciting to us", said
Mike Spurlock, CEO of Encompass Group, LLC. "Studies have shown there are
more than $80 billion in healthcare construction and remodeling projects
waiting to start as the economy improves. WPC is a dream come true for the
customers who have to design and equip new construction and remodeling, and
allows us to showcase our innovative products in a high-tech, high-touch
environment."
WPC's European and Asia-Pacific business development teams continue to
receive a significant amount of interest globally.
"For international companies looking to create or expand their U.S.
presence, New York offers many benefits," said Michael Resnick, Executive
Vice President of World Product Centre. "With 480 acute care facilities
within 300 miles, half of all U.S. teaching hospitals located in the
region, and a high density of practicing physicians and other clinicians in
this area, leveraging World Product Centre for regional, and ultimately
national, sales and marketing activities offers enormous opportunity. Not
to mention that half-a-billion business visitors and tourists are expected
to visit New York City across the next decade."
Leaders among the largest healthcare providers in the country agree
that WPC will be a highly advantageous venue.
"World Product Centre offers an indispensable tool that healthcare
professionals need, to further elevate the bar in commercial partnering,
technology assessment, education, and quality standards," said Clayton
McWhorter, former president and COO of Nashville-based Hospital Corporation
of America.
Site excavation will begin October 2009. World Product Centre is
scheduled to break ground in early 2010, and open in late 2013.
About World Product Centre
World Product Centre's mission is to provide a cost effective,
transparent commercial and educational platform to support healthcare
innovation and collaboration. For sales inquiries contact John Strong:
(212) 506-5517, info@worldproductcentre.com. For more information:
http://www.worldproductcentre.com.
SOURCE World Product Centre
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