dj Orthopedics Signs New Three-Year Bracing and Cold Therapy Contract With MedAssets Supply Chain Systems
SAN DIEGO, Nov. 10 /PRNewswire-FirstCall/ -- dj Orthopedics, Inc., (NYSE: DJO), a global medical device company specializing in rehabilitation and regeneration products for the non-operative orthopedic and spine markets, today announced that it has signed a new three-year contract with MedAssets Supply Chain Systems, a leading group purchasing organization that serves more than 22,000 healthcare providers nationwide through its revenue cycle and supply chain operations.
Under the agreement, which began November 1, 2004, dj Orthopedics will sell its line of functional (rigid) knee bracing products, post-operative knee and shoulder bracing products and the Company's entire line of cold therapy products, including the motorized IceMan® and manual ArcticFlow™ cold therapy circulation units and DuraKold® ice wraps, to MedAssets' members.
"We are pleased to sign our first contract with MedAssets for a wide range of our rehabilitation products," said Les Cross, president and CEO of dj Orthopedics. "The last twelve months have been very productive for our National Accounts group, having signed four large supply contracts with major group purchasing organizations, including MedAssets."
About MedAssets
MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives. As a strategic business partner, MedAssets can replace multiple vendors and decrease supply costs by 3-10% and increase net patient revenue by 1-3%. Proprietary information technology is used to work with and improve existing IT assets and work processes. MedAssets, through its revenue cycle subsidiary MedAssets Net Revenue Systems, provides best-of-breed revenue solutions including strategic pricing, pre-bill charge capturing, and ongoing chargemaster management tools all of which are Peer Reviewed by the Healthcare Financial Management Association. MedAssets, through its supply chain subsidiary MedAssets Supply Chain Systems, operates the fastest growing group purchasing organization and supply chain services company in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, and capital equipment.
MedAssets serves more than 22,000 healthcare providers nationwide through its revenue cycle and supply chain operations including Atlantic Health System (New Jersey), Banner Health (Arizona), Bon Secours Health System (Maryland), Charleston Area Medical Center (West Virginia), Christiana Care Health System (Delaware), Inova Health System (Virginia), Main Line Health (Pennsylvania), North Mississippi Health Services, Rush System for Health (Illinois), St. Joseph Health System (California), Saint Barnabas Health Care System (New Jersey), The University of North Carolina Health Care System, University Hospitals Health System (Ohio), University of Pittsburgh Medical Center (Pennsylvania), University of Rochester Medical Center (New York), and many others. For more information about MedAssets go to www.medassets.com or contact Gary Johnson, vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 30022.
About dj Orthopedics, Inc.
dj Orthopedics is a global medical device company specializing in rehabilitation and regeneration products for the non-operative orthopedic and spine markets. The Company's broad range of over 600 rehabilitation products, including rigid knee braces, soft goods and pain management products, are used in the prevention of injury, in the treatment of chronic conditions and for recovery after surgery or injury. The Company's regeneration products consist of bone growth stimulation devices that are used to treat nonunion fractures and as an adjunct therapy after spinal fusion surgery.
The Company sells its products in the United States and in more than 35 other countries through networks of agents, distributors and its direct sales force that market its products to orthopedic and podiatric surgeons, spine surgeons, orthopedic and prosthetic centers, third-party distributors, hospitals, surgery centers, physical therapists, athletic trainers and other healthcare professionals. For additional information on the Company, please visit www.djortho.com
SOURCE dj Orthopedics, Inc.
-0- 11/10/2004
/Web site: http://www.medassets.com /
(DJO)
CO: dj Orthopedics, Inc.; MedAssets
ST: California, Georgia
IN: HEA MTC BIO
SU: LIC CON
BP-AI
-- LAW036 --
7838 11/10/2004 07:55 EST http://www.prnewswire.com
dj Orthopedics, Inc.
Mark Francois, 760-734-4766
