Business
Contract win with US Group Pu
Contract win with US Group Pu.
About this update from Surgical Innovations Group Plc
[{"type":"text","content":"\n RNS Number : 6741F Surgical Innovations Group PLC 18 January 2010 \n \n\n\n\n\n\nPress Release \n\n\n18 January 2010\n\n\n\n\n\nSurgical Innovations Group plc\n\n(\"SI\" or \"the Group\")\n\nContract win with leading US Group Purchasing Organisation\nfor laparoscopic instrumentation\n\nSurgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative medical devices, is pleased to announce that its US Master Distributor, Surgical Innovations US Inc. (\"SI USA\"), has signed a three year agreement with one of the largest Group Purchasing Organisations (\"GPO\") in the US, effective from 1 February 2010.\n\nGPOs help hospitals reduce costs by aggregating volume to negotiate favourable purchasing terms with vendors. The agreement provides an opportunity for SI, through SI USA, to gain access to the GPO's 2,200 member hospitals in the US with its Resposable® laparoscopic instrumentation portfolio, Logi®Range, an ergonomic system which combines reusable handles with disposable scissor blades and graspers. This provides surgeons with high quality, but cost effective instruments, for performing laparoscopic surgery. \n\nCommenting on the agreement, Graham Bowland, Managing Director of Surgical Innovations Limited, said: \"This agreement with one of the US's leading GPOs strengthens SI's strategy of developing the Logi®Range brand through our collaboration with SI USA. The 2,200 member hospitals represent a considerable proportion of all US hospitals, therefore the agreement provides us with significant access to the US laparoscopic instrumentation market, which is estimated to be worth $150 million per annum. We look forward to seeing substantial sales growth of the Logi®Range as member hospitals are introduced to the brand.\"\n\n- Ends -\n\n For further information:\n\n\n\n\nSurgical Innovations Group plc\n\n\n\n\n\n\n\nDoug Liversidge, Chairman\n\n\nTel: +44 (0) 113 230 7597\n\n\n\n\n\n\n\nwww.surginno.com \...