SAN DIEGO--(BUSINESS WIRE)--June 7, 2005--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, multi-source 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 commences July 1, 2005, dj Orthopedics will sell its broad range of ProCare soft goods to MedAssets' members. This is the second supply contract awarded to dj Orthopedics by MedAssets. Last November, the Company announced a contract to supply MedAssets with dj Orthopedics' functional rigid knee bracing products, post-operative knee and shoulder bracing products and the Company's entire line of cold therapy products.
"This sizable soft goods contract is an important win for dj Orthopedics and our Domestic Rehabilitation business, and we are pleased to expand our scope of business with MedAssets, one of the fastest-growing group purchasing organizations in the United States," said Les Cross, president and CEO of dj Orthopedics. "dj Orthopedics is dedicated to providing the highest-quality orthopedic products, backed by excellent customer service, to all of our customers and their member hospitals, clinics
and surgery centers. Our reputation for quality, innovation and service and our comprehensive product line help our customers achieve higher member compliance, providing a winning solution for everyone."
About MedAssets, Inc.
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 have been Peer Reviewed by the Healthcare Financial Management Association. In addition, MedAssets offers the only technology enabled system that links supply cost data with charge data to ensure accurate charges and defendable markups for all patient identifiable supplies, including costly medical devices. 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, food and nutrition items, and capital equipment. 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 40 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.
dj Orthopedics, Inc.
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