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Health Inventures Selects Medline as Exclusive Distribution Partner

MUNDELEIN, Ill., Dec. 18, 2012 (GLOBE NEWSWIRE) -- Health Inventures, a surgical and physician services company based in Westminster, Colo., selected Medline Industries, Inc. as its primary vendor distribution partner for medical and surgical supplies. The five-year agreement for distribution services is expected to save Health Inventures more than $2 million per year in medical supply costs by driving distribution efficiencies over the term of the agreement.

Medline will provide its broad array of national brand medical and surgical products directly to Health Inventures network of ambulatory surgical centers, sleep centers, and physicians practices located throughout the United States from its 35 distribution centers located throughout the country. The agreement is expected to be worth approximately $90 million over the course of the deal.

"We selected Medline as our distribution partner because of their ability to provide distribution and valuable cost management services to our entire network," said Dan Hamilton, vice president, supply chain management. "Through their self-manufactured products and distribution efficiencies, Medline is helping to drive down costs and improve our services, which will ultimately enhance our quality of care."

About Health Inventures

Health Inventures is a surgical and physician services company driving financial and clinical performance through physician-hospital alignment. Founded in 1995, the company has guided hundreds of clients through the complexities of launching and operating surgical facilities, improving teamwork and workflows, controlling costs and increasing efficiencies, and achieving well-defined clinical and revenue-focused goals through a variety of interconnected solutions, such as ambulatory surgery center (ASC) development and operations, physician practice management, hospital perioperative and anesthesia performance improvement, and human resources advisory and employment services. Health Inventures' surgical facility network produces clinical outcomes, patient and physician satisfaction, and financial performance above industry standards. The company is privately held and located near Boulder, Colo. For more information, visit www.healthinventures.com.

About Medline

As the nation's largest privately held manufacturer and distributor of health care products to the ambulatory surgery center market, as well as the entire health care industry, Medline manufactures and distributes more than 125,000 products to hospitals, extended care facilities, surgery centers, physician offices and home health agencies and home health dealers. Headquartered in Mundelein, Ill., Medline has more than 1,100 dedicated sales representatives to support its broad product line and cost management services.

Over the past five years, Medline has become the fastest-growing distributor of medical and surgical supplies in the United States, serving as the primary distributor to more than 450 major hospitals and healthcare systems. As a leading distributor, Medline offers a comprehensive array of consulting and management services encompassing supply chain and logistics, utilization and standardization, business tools and enhanced reporting capabilities. More information on Medline can be found at www.medline.com.

Media Contact:

John Marks (847) 643-3309 Ann Fahey-Widman, (847) 643-3011

jmarks@medline.com afahey@medline.com

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Source: Medline