Vestara Awarded MedAssets Supplier Contract For Automated Pharmaceutical Waste Management Solution

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Vestara, provider of the industry's only automated pharmaceutical waste management solution, announced today that it has been awarded a MedAssets supplier contract. MedAssets serves more than 1,700 hospitals and health systems through its group purchasing organization (GPO).

Vestara, provider of the industry's only automated pharmaceutical waste management solution, announced today that it has been awarded a MedAssets supplier contract. MedAssets serves more than 1,700 hospitals and health systems through its group purchasing organization (GPO).

The agreement presents MedAssets members with a make-sense solution for pharmaceutical waste management that controls costs and facilitates environmental responsibility. Just as MedAssets partners with hospitals and health systems to enhance their financial strength through improved operating margins and cash flow, Vestara also works with clients to bring down the cost of pharmaceutical waste while helping achieve compliance to avoid fines.

Vestara's EcoRex® Automated Pharmaceutical Waste Management System utilizes barcode technology already widely used in hospitals. The technology tracks drug utilization to prevent medication errors using a proprietary, continuously updated database of more than 180,000 National Drug Code (NDC) products and instantly categorizes pharmaceutical waste at time of presentation. By automating the identification and sorting of different types of residual drugs, empty containers and each hospital's unique admixtures, EcoRex® eliminates the human error and potential cross contamination inherent in manual sorting of pharmaceutical waste to reduce negative impact on the environment. Just as important, relevant data and an audit trail are provided in the form of comprehensive reports for client records.

About Vestara
Vestara, headquartered in Irvine, Calif., provides proprietary technology to automatically identify, sort, and segregate hazardous and non-hazardous pharmaceutical waste into proper waste streams. Vestara's solutions not only assure clients will be compliant with all federal and state laws, but that they will experience a more efficient health system workforce and true cost savings in managing pharmaceutical waste. Most importantly, clients will play a critical role in preserving our precious environment. For more information, please visit http://www.vestara.com.

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James Kim
Vestara
949-660-8648 ext. 232
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