dj Orthopedics Signs New Three-Year Contract With HealthTrust Purchasing Group
SAN DIEGO, Jan 7, 2002 (BW HealthWire) -- dj Orthopedics Inc. (NYSE:DJO), a designer, manufacturer and marketer of products and services for the orthopedic sports medicine market, today announced the signing of a three-year contract with HealthTrust Purchasing Group (HPG), a leading group purchasing organization (GPO) that serves more than 800 healthcare facilities nationwide.
Under the agreement, which begins Feb. 1, 2002, dj Orthopedics will sell its entire line of ProCare® soft goods products at a contracted price for distribution to HPG member facilities. dj Orthopedics' previous contract to distribute its ProCare® line to HPG members expires Jan. 31, 2002.
"Both HPG and dj Orthopedics are dedicated to providing hospitals, clinics and surgery centers with excellent customer service and high-quality orthopedic products, and we are delighted to continue our agreement with HPG," said Les Cross, dj Orthopedics' president and CEO. "We believe this agreement will serve to further solidify our leadership position in the soft goods market, as well as provide cost-effective solutions for HPG members."
Constructed primarily from fabric and neoprene materials, ProCare® soft goods products include moldable inserts for orthotic back supports, ankle braces, motion control splints and other support accessories.
About HealthTrust Purchasing Group
HealthTrust Purchasing Group L.P. is one of the nation's leading healthcare group purchasing organizations, with a current membership in excess of 800 facilities and contracting volume totaling more than $5.0 billion. HPG is committed to providing its customers with the highest-quality, cost-effective supplies and services for their patients, physicians, nurses and other clinicians. HPG's membership includes hospitals, surgery centers, clinics, physicians, integrated delivery networks and affiliate members.
About dj Orthopedics
dj Orthopedics is a global orthopedic sports medicine company specializing in the design, manufacture and marketing of surgical and non-surgical products and services that repair, regenerate and rehabilitate soft tissue and bone, help protect against injury, and treat osteoarthritis of the knee. Its broad range of over 600 existing products, many of which are based on proprietary technologies, includes rigid knee braces, soft goods, specialty and other complementary orthopedic products and its recently introduced line of surgical products. These products provide solutions for patients and orthopedic sports medicine professionals throughout the patient's continuum of care.
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