Cardinal Health, SRI Surgical Sign Five-Year Agreement For Surgical Kits
DUBLIN, Ohio and TAMPA, Fla., Dec. 1 /PRNewswire-FirstCall/ -- Cardinal
Health and SRI/Surgical Express, Inc. today announced a five-year supply and
co-marketing agreement to offer surgical kits that include disposable health
care products from Cardinal Health and reusable health care products from SRI
Surgical.
The agreement makes Cardinal Health the exclusive manufacturer of SRI
Surgical's complete line of more than 400 disposable surgical kits. In
addition, the agreement provides for the development of a new product
offering, the Hybrid Preference Pack(TM), in which SRI Surgical will combine
its reusable surgical components with disposable surgical components from
Cardinal Health. This new product will couple the convenience of disposables
with the waste-wise benefits of reusable products.
SRI Surgical will deliver, reprocess and retrieve Hybrid Preference Packs
on a daily basis for customers through its 10 reprocessing plants and four
distribution centers located throughout the United States. SRI Surgical's
reprocessing plants provide a closed-loop process that delivers just-in-time
sterile surgical linen, surgical instruments and disposable components to the
operating room.
"Since 1991, SRI Surgical has provided products and services that assist
each of our health care clients in providing quality care, while being
environmentally conscious," said Gerald Woodard, CEO of SRI Surgical. "With
Cardinal Health as our exclusive supplier for disposable kits, SRI will now
focus on expanding its reusable product offering, while continuing to provide
customers with the highest quality products and services."
Cardinal Health will manufacture the disposable surgical components for
Hybrid Preference Packs at its network of four kit manufacturing facilities,
where it already assembles more than 21 million disposable surgical kits each
year.
"Cardinal Health's strategic alliance with SRI Surgical will provide
hospitals with a broader range of environmentally responsible product
alternatives to address their needs in the operating room," said Steve
Inacker, president and general manager of Cardinal Health's Presource Products
and Services business. "In particular, SRI Surgical's expertise in
reprocessing enables Cardinal Health to offer customers the choice of
disposable or reusable products within their surgical kits."
For more information, current customers may contact either their Cardinal
Health Presource sales representative or their SRI Surgical sales
representative. New customers may contact (614) 553-4554 or (813) 792-6330.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $91
billion, global company serving the health care industry with products and
services that help hospitals, physician offices and pharmacies reduce costs,
improve safety, productivity and profitability, and deliver better care to
patients. With a focus on making supply chains more efficient, reducing
hospital-acquired infections and breaking the cycle of harmful medication
errors, Cardinal Health develops market-leading technologies, including
Alaris(R) IV pumps, Pyxis(R) automated dispensing systems, MedMined(TM)
electronic infection surveillance service, VIASYS(R) respiratory care products
and the CareFusion(TM) patient identification system. The company also
manufactures medical and surgical products and is one of the largest
distributors of pharmaceuticals and medical supplies worldwide. Ranked No. 19
on the Fortune 500, Cardinal Health employs more than 40,000 people on five
continents. More information about the company may be found at
http://cardinalhealth.com.
About SRI/Surgical Express
SRI Surgical (Nasdaq: STRC) provides central processing and supply chain
management services to hospitals and surgery centers across the United States.
Because it relies primarily on reusable products, SRI's reprocessing cycle
substantially reduces bio-hazardous waste and its impact on the environment.
SRI Surgical serves hospitals and surgery centers in 19 states from 10
reprocessing facilities and four distribution centers located throughout the
United States. More information about the company may be found at
(www.srisurgical.com).
The statements in this press release that are not historical, including
statements regarding SRI Surgical's beliefs, expectations, and strategies,
constitute "forward looking statements" within the meaning of the federal
securities laws. These statements are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements. Important factors that could cause the
differences are discussed in SRI Surgical's reports on Forms 10-Q, 10-K, and
8-K that the Company periodically files with the Securities and Exchange
Commission. These factors include SRI Surgical's sales process and market
acceptance of its products and services, SRI Surgical's capital needs, its
dependence on significant customers and a significant supplier, risks of a new
product offering, and the competitive healthcare marketplace. SRI Surgical
does not undertake to update any forward-looking statements in this press
release.