Nellcor Secures Exclusive Contract with Premier Health Alliance

Nellcor Incorporated has been awarded an exclusive contract by Premier Health Alliance for patient safety monitoring products under Premier's new Materials Management Business Plan. The contract will benefit Premier's network of over 280 hospitals and health systems, providing hospitals with optimum pricing and reduced equipment and supply costs. Nellcor, one of five national business partners selected by Premier, will supply pulse oximeters, adhesive and reusable sensors, and accessories for patient safety monitoring to participating hospitals. The contract will be implemented nationwide, with Nellcor also continuing to supply products to non-participating hospitals under an existing agreement.

Key Takeaways:

• Nellcor was selected as one of five national business partners out of 140 current Premier suppliers, indicating a significant endorsement of Nellcor's products and services.
• The contract will benefit Premier's network of over 280 hospitals and health systems, providing them with optimum pricing and reduced equipment and supply costs.
• Nellcor will supply pulse oximeters, adhesive and reusable sensors, and accessories for patient safety monitoring to participating hospitals.
• The contract will be implemented nationwide, with Nellcor also continuing to supply products to non-participating hospitals under an existing agreement.
• Nellcor has a strong partnership with Premier, having been a preferred supplier since 1991 and now becoming an exclusive supplier under the new contract.
• The Materials Management Business Plan was developed to provide participating Premier member hospitals with reduced costs, similar to those of the largest proprietary hospital corporations.
• Premier's membership includes over 280 hospitals and health systems, representing over 69,000 beds, with approximately 65% of Premier's hospitals participating in the Business Plan.

Statistics:

• 280: Number of hospitals and health systems in Premier's network.
• 69,000: Total number of beds in Premier's member hospitals.
• 65%: Percentage of Premiere's hospitals participating in the Business Plan.
• $9.5 billion: Total health care services provided by Premier owners.
• 6,649: Number of medical residents trained by Premier owners each year.
• 140: Number of current Premier suppliers, from which Nellcor was selected as one of five national business partners.
• 1991: Year Nellcor became a preferred supplier to Premier.

Sources:

• "Nellcor Incorporated and Premier Health Alliance Sign Agreement for Patient Safety Monitoring" Business Wire, July 17, 1995.
• Nellcor Incorporated 1995 Annual Report.
• Premier Health Alliance Website.