October 27, 2006 at 06:30 AM EDT
ReNu Medical, Inc. and Premier Purchasing Partners, LP. Agree to New 3-Year Reprocessing/Cost Containment Agreement

ReNu Medical and Premier Purchasing Partners agreed to a new three-year agreement, effective November 1, 2006, to continue providing their members with a choice of technologies to maximize cost savings and substantially reduce environmental and hospital medical waste.

Using High-level disinfection (HLD) and focusing only on medical devices used throughout the hospital every day, ReNu Medical provides hospitals the opportunity to reduce cost and medical waste. Unlike other programs, each hospital receives only the devices collected from their facility. Each item has been cleaned, 100% tested for functionality, packaged and returned as an FDA compliant product.

Premier was the first national Group Purchasing Organization (GPO) to include HLD as an alternative to and adjunct with ETO sterilization for selected medical devices.

"Since all of the devices reprocessed by ReNu using our HLD process are cleared by the FDA and classified as non-critical, the decision to utilize the Premier agreement can easily be based on the hospital's desire to reduce the cost per patient use while maintaining the same high level of patient care offered by the new device," said Bill Stoermer, Regional Sales Manager for ReNu Medical.

"Our continued relationship with Premier has been a joint effort to reduce supply chain costs and environmental waste even further. With ReNu's non-toxic technology, members are provided a choice. High Level Disinfection continues to provide additional benefits over other toxic alternatives," said Randy Long, CEO, ReNu Medical. "Maximizing cost savings, focusing on patient safety, and providing a quality product within the FDA guidelines is our objective as we work with Premier Members over the next 3 years."

About Premier Inc.

A healthcare alliance entirely owned by more than 200 of the nation's leading not-for-profit hospitals and healthcare systems, Premier Inc. helps hospitals accelerate both clinical and financial performance. Premier's shareholders operate or are affiliated with 1,500 hospitals and more than 41,000 other healthcare sites. Premier's members and clients benefit from group purchasing and supply chain services, clinical and operational performance measurement, benchmarking and insurance programs. Headquartered in San Diego, Calif., Premier has offices in Charlotte, N.C., and Washington, D.C. For more information, visit www.premierinc.com.

ABOUT RENU MEDICAL:

ReNu Medical is a leading reprocessor of single use (non and semi critical) medical devices. ReNu's unique services focus on providing the safest product for the patient, reducing medical waste and significantly reducing supply costs by maximizing available savings.

ReNu's focus on single use, non critical medical devices provides a significant source of cost savings with very little associated risk. High-level disinfection technology is 100% non-toxic, environmentally friendly and a safe gentle alternative for non and semi critical devices. HLD offers twice the life span and double the saving of toxic Ethylene Oxide Gas (EtO) utilized by sterilization reprocessor's. The CDC, APIC and other healthcare organizations support HLD. For more information, please visit www.ReNuMedical.com or toll free 877-252-1110.


Contact:
Randy Long
(425) 353-1110 x323
Email Contact

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