NMT Group PLC
26 September 2001
September 26, 2001
NMT Announces Strategic Contract Award With Broadlane Inc.
New Medical Technology Inc. (NMT Inc.), the manufacturer of retractable needle
devices to prevent needlestick injuries, announced today the award of a
purchasing contract, with Broadlane Inc, of Dallas Texas.
Broadlane, formerly the corporate procurement division of Tenet Healthcare, is
one of the fastest growing Group Purchasing Organisations (GPOs) in the
United States, as well as a provider of other supply chain management
solutions to healthcare facilities and suppliers. Broadlane members include
more than 568 hospital and 2164 sub-acute healthcare facilities. Members
participating in this contract award include Tenet Healthcare, Kaiser
Permanente, Continuum Healthcare Partners, Community Health Systems, IASIS
Healthcare and Universal Health Services.
Under the terms of the contract NMT will supply Broadlane member facilities
with its patented, latex-free NMT safety syringe. The NMT safety syringe
features automatic needle retraction technology that is activated as the user
depresses the plunger to inject medication. After having been automatically
retracted, the needle is safely stored in the barrel after use, virtually
eliminating needlestick injuries. The NMT safety syringe will be provided to
Broadlane in both its 3cc and 1cc sizes.
It is estimated that, every day, healthcare workers in the United States
experience nearly 3,000 inadvertent needlesticks. On November 6, 2000,
President Clinton signed the Federal Needlestick Safety and Prevention Act
into law, after unanimous approval in Congress. This law mandates that health
care workers have access to safety-engineered sharps devices that provide
added protection against needlesticks and consequential disease transmission
due to bloodborne pathogens such as HIV/AIDS.
Commenting, Stephen J. Czick, President of NMT Inc.,said: 'We are very pleased
that Broadlane has chosen the NMT safety syringe as part of its strategy to
provide safety devices to its members which prevent needlestick injuries. This
is another successful contract win from our growing US sales team and will
help to facilitate NMT's growth strategy in the important US market. We
believe that the automatic needle retraction technology contained in the NMT
safety syringe is the ultimate in needlestick prevention and we continue to
see strong interest, evaluation and usage of our products throughout the
United States.'
Enquiries:
NMT Group PLC
Roy Smith, Chief Executive Officer 02380 646 783
Gerard Cassels, Finance Director 01506 445 000
NMT Inc.
Stephen J. Czick, President 001 617 852 4396
Financial Dynamics
David Yates/Fiona Noblet 020 7831 3113
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.