Pevco Partners with MedAssets GPO

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Pevco’s innovative pneumatic tube delivery system products such as Pevco Tracker™ and Pevco SmartPath™ are now available to MedAssets group purchasing organization member hospitals.

Rising healthcare costs mean that hospitals are looking to cut costs where they can. MedAssets and Pevco can help.

Pevco, a leading provider of pneumatic tube delivery systems to the healthcare industry, today announced its acceptance into MedAssets, one of the largest group purchasing organizations in the United States. As an approved MedAssets vendor, Pevco will offer pre-negotiated group purchase savings to MedAssets’ 1700 member hospitals. The new agreement is expected to lower overall costs of Pevco’s pneumatic tube system products to MedAsset’s customers by 3-10%. The terms of the contract make Pevco’s products available to MedAssets’ hospital GPO customers through June, 2013.

Pevco provides a complete line of pneumatic tube system products tailored to the unique requirements of the rapidly changing healthcare industry. Trusted by more than 600 leading hospitals, Pevco pneumatic tube systems quickly and reliably transport patient-critical materials between labs, pharmacies, blood banks, ORs, ERs and nurses' stations. More than 30 years of healthcare engineering experience has led to innovative pneumatic tube products such as SmartPath™, Pevco’s proprietary routing system which speeds carrier delivery and reduces system downtime during maintenance as well as Pevco Tracker™, which offers healthcare professionals real-time arrival confirmation of pneumatic tube delivery transactions.

“Pevco sought this affiliation so that we can offer MedAsset’s members the best value,” said Bill Powder, Pevco’s National Sales Manager. “Rising healthcare costs mean that hospitals are looking to cut costs wherever they can. MedAssets and Pevco can help.”

About MedAssets Supply Chain Systems
MedAssets Supply Chain Systems is one of the largest group purchasing organizations in the U.S., utilizing a national contract portfolio of over 1,500 contracts to efficiently connect manufacturers, distributors and other suppliers with its more than 1,700 hospitals and over 30,000 non-acute healthcare provider customers. MedAssets Supply Chain Systems is a wholly-owned subsidiary of MedAssets, Inc. For more information, visit http://www.medassets.com.

About Pevco
Pevco designs, manufactures, installs and supports hospital pneumatic tube delivery systems that enable healthcare professionals to quickly, safely and reliably transport patient-critical materials between labs, pharmacies, blood banks, ORs, ERs and nurses' stations. Used by more than 600 leading healthcare facilities, Pevco's flexible systems feature Smart Path™ technology for increased performance and efficiency. To learn more about Pevco's healthcare materials delivery solutions, visit our web site at http://www.pevco.com.

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Steve Dahl
Pevco
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