OR WAIT null SECS
MANSFIELD, Mass. -- Tyco Healthcare and
Consorta have agreed to a three-year sole source contract for conventional
needle and syringe products. Tyco Healthcare is also one of three approved
manufacturers chosen by Consorta to supply safety needle and syringe products.
The agreements become effective on July 1, 2004 and have an aggregate
estimated annual value of $12 million.
"We are thrilled Consorta has displayed a high level of confidence in the
people, products, and programs offered by the Kendall SharpSafety division,"
said Jim Clemmer, president of Kendall's SharpSafety Division. "This move
reflects the significant investments made to enhance the MONOJECT franchise,
and our ability to provide total hypodermic solutions to Consorta members."
Brands covered by these agreements include MONOJECT needles and syringes,
MAGELLAN safety needles, and other related items.
Consorta, Inc., based in suburban Chicago, is a leading healthcare
resource management and group purchasing organization, whose shareholders are
faith based or non-profit health systems. As a cooperative, Consorta's
shareholders and participants share fully in the organization's bottom-line
performance, as well as receive significant discounts through scale purchasing
Tyco Healthcare is a business segment of Tyco International Ltd. Tyco Healthcare is a leading manufacturer, distributor and servicer of medical devices worldwide. Its broad portfolio includes disposable medical supplies, monitoring equipment, medical
instruments and bulk analgesic pharmaceuticals, sold under such names as Auto
Suture, Kendall, Mallinckrodt, Nellcor, Puritan Bennett, United States
Surgical, Valleylab and others.
Source: Tyco Healthcare