SALT LAKE CITY, June 12, 2014 /PRNewswire/ -- Dynatronics Corporation (NASDAQ: DYNT) today announced the signing of an agreement to become a sole-source contract provider of rehabilitation and exercise equipment and supplies to Amerinet members. Amerinet is one of the nation's leading healthcare group purchasing organizations (GPO), providing its clients with a wide range of solutions, including negotiating services, supply chain management, as well as data analytics, technology enhancements and education.
"We are thrilled with the opportunity of adding thousands of new customers," stated Larry K. Beardall, executive vice president of sales and marketing. "We estimate that this contract will ramp up to between $3.5 and $5 million in new business annually."
Amerinet strategically partners with acute and alternate care providers to reduce healthcare costs and improve healthcare quality. Based in St. Louis, Missouri, Amerinet has been serving customers across the nation since 1986. These customers have saved more than $1 billion annually by purchasing through Amerinet's diverse portfolio of product and service contracts.
The three-year agreement with Amerinet becomes effective July 1, 2014.
"This agreement represents an important step forward for Dynatronics' strategic growth initiatives," stated Kelvyn H. Cullimore, Jr. chairman and president of Dynatronics. "We believe the combination of Amerinet's innovative solutions and Dynatronics' broad product line will deliver synergistic benefits to many practitioners and their patients throughout the country."
As one of the country's top healthcare solutions organizations, Amerinet collaborates with acute and alternate care providers to create and deliver unique solutions through performance improvement resources, guidance and ongoing support. With better product standardization, utilization and strategic financial tools, Amerinet helps healthcare facilities lower their costs, raise revenue and champion quality, resulting in enriched healthcare delivery for its members and the communities they serve. To learn more about Amerinet, visit www.amerinet-gpo.com.
About Dynatronics Corp.
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 www.dynatronics.com.
This press release contains forward-looking statements. Those statements include references to the company's expectations and similar statements such as the statement regarding expectations for the contract to add between $3.5 and $5 million in new business annually. 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.
SOURCE Dynatronics Corporation