MAGNET Inc. Selects Huntleigh Healthcare Inc. To Provide Medical Ultrasonics

EATONTOWN, N.J., Nov. 25 /PRNewswire/ -- Huntleigh Healthcare Inc. has signed a three-year agreement with MAGNET Inc., a not-for-profit group purchasing organization (GPO), to provide medical ultrasonics including hand-held Dopplers and Dopplex(TM) fetal monitors to its Participating Healthcare Facilities. MAGNET is one of the oldest, largest, and most experienced shared service organizations in the country, serving approximately 12,000 providers, including hospitals, alternate care facilities, and physician practices and clinics.

The three-year agreement with MAGNET is effective October 1, 2003 and offers MAGNET's Participating Healthcare Facilities an opportunity to purchase high quality, reliable products at a competitive price through volume discounts.

"Huntleigh Healthcare is excited to be awarded this three-year agreement, as this was our first opportunity to partner with MAGNET," said Robert Angel, President & CEO. "We admire MAGNET's philosophy of developing strong relationships with select vendors in order to provide the highest quality products to their members and are confident our medical ultrasonics line will meet, and exceed, all expectations."

Huntleigh Healthcare Inc. is one of the world's largest and most experienced manufacturers of hand-held Dopplers for fetal, vascular and arterial investigations. Combining lightweight, hand-held design with the latest in microprocessor technology, these modern diagnostic units range from a low-cost audio Doppler to sophisticated visual display models.

MAGNET, founded in 1979, is a New York not-for-profit group purchasing organization comprised of seven regional Member Organizations (AMR, CHA-SSP, HCSC, JPC/CSC, MOHCC, PRIME and SOHCA) that serve approximately 12,000 providers, with a contract portfolio that includes equipment, services, commodities and the newly emerging area of niche/boutique (innovative and cost-reducing) products.

Huntleigh Healthcare Inc. designs, manufactures and markets a broad range of products including vascular and fetal hand-held Dopplers for non-invasive diagnostic assessment, Intermittent Pneumatic Compression Systems for the prevention of DVT and lymphedema, and pressure relieving support systems for the prevention and treatment of pressure ulcers.

For additional product information contact: Al Bodine, Business Unit Manager, 800-223-1218 ext. 151.

Huntleigh Healthcare Inc.

CONTACT: Al Bodine, Business Unit Manager, Huntleigh Healthcare,+1-800-223-1218 ext. 151

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