ST. LOUIS, April 26 /PRNewswire/ -- Amerinet, a leading health care group purchasing organization (GPO) announced today their agreement with Joint Purchasing Corporation (JPC) to acquire JPC’s group purchasing assets. The agreement, initiated through Vector Healthsystems, Inc., part of Amerinet’s network of companies, was effective April 23, 2004 after the transaction received the necessary approvals under New York State law.
Joint Purchasing Corporation, or JPC, is a non-profit corporation that serves more than 1,100 acute and non-acute health care providers across the country. In addition to the GPO offerings, JPC supports not-for-profit health care integrated delivery networks through its Strategic IDN $olutions(SM) offering. A subsidiary of JPC, Creative Source Concepts, Inc., (CSC) is a for-profit organization focusing primarily on alternate site markets. CSC currently serves more than 2,600 participants.
JPC is also the largest member of the Mid-Atlantic Group Network of Shared Services, Inc., or MAGNET, formed to develop contracts on behalf of its 12,000 health care participants, primarily for capital equipment purchases.
“Amerinet is committed to enhancing the services offered to our more than 20,000 members across the country.” stated Bud Bowen, president of Amerinet, Inc. “With the integration of JPC’s group purchasing assets, a well-known and highly respected group purchasing organization, we will further enhance the value of Amerinet, while offering expanded resources and new opportunities for cost savings through a broader scope of contracts, services and support.”
JPC is one of the most established group purchasing organizations in the country. Headquartered in New York, the innovative health services organization was designed to implement cost control and resource management strategies. Founded in 1922, it began as a shared services arm for hospitals, synagogues and social service agencies primarily in the New York metropolitan area.
According to Wayne Thompson, president/CEO of JPC, “For over 80 years, JPC and its affiliates have been focused on developing and providing meaningful services for our customers. Being flexible, remaining customer focused and providing real value has allowed us to create new markets, particularly through partnering with integrated delivery networks. Amerinet’s philosophy of choice and collaboration with its membership to develop and implement cost reduction opportunities creates a good business fit for our two organizations. This new relationship will allow JPC, with Amerinet’s management expertise, to further its commitment to not-for-profit health care integrated delivery networks across the country.” Thompson continued, “Additionally, offering JPC and CSC participants the opportunity to participate in a broader national portfolio of agreements and services will ensure the growth and viability of all our constituencies well into the future. Most importantly, this integration will allow JPC to support and expand upon its charitable purpose relating to making available and delivering educational programs, grants and services that enable health care organizations to better acquire and manage products throughout the supply chain.”
Amerinet is one of the leading group purchasing organizations in the United States. Amerinet’s national network of companies, Amerinet Central, Intermountain Health Care and Vector have set industry standards for nearly two decades. More than 1,800 hospitals and 18,000 non-acute care facilities find costs savings and value added services through Amerinet’s comprehensive contract portfolio. Last year, Amerinet members recorded a record $6 billion in purchases under Amerinet-negotiated contracts and realized more than $300 million in savings.
Amerinet, Inc.
CONTACT: Lisa Conway, Director, Corporate Communications and PublicRelations, of Amerinet Marketing, +1-724-772-8388, orlisa.conway@amerinet-gpo.com
Web site: http://www.amerinet-gpo.com/
