Medical Nutrition Named Supplier by Amerinet Group Purchasing Organization
June 18 2009 - 12:25PM
Marketwired
Medical Nutrition USA, Inc. (NASDAQ: MDNU), a supplier of uniquely
engineered medical nutritional supplements for nursing homes,
hospitals and dialysis clinics, announced it has been selected as a
supplier by Amerinet Inc., a leading national group purchasing
organization serving almost 5,800 healthcare institutions including
long-term care, acute-care and alternate care facilities across the
U.S.
The supplier agreement provides that Amerinet member
institutions will be able to purchase Medical Nutrition's
Pro-Stat�, Fiber-Stat� and UTI-Stat� product lines at the special
prices that Amerinet has negotiated with distributors on behalf of
its members. In addition, Amerinet will aid Medical Nutrition in
marketing its products to the Amerinet membership.
"We are extremely pleased to be selected as a member of
Amerinet's supplier network," said Frank A. Newman, Medical
Nutrition's Chairman and Chief Executive Officer. "We know that
Amerinet seeks only the best performing and most cost-effective
products for its membership and are confident that this agreement
will enable us to significantly increase our share of market among
Amerinet's member institutions."
In a report on sales and distribution to the long-term care
industry in the April 2009 issue of Repertoire
[www.repertoiremag.com], Russ Ede, Vice President of non-acute care
at Amerinet, said his company is focused on serving the long-term
care market where facilities spend about $223.9 billion on patient
care, equipment and products. Among the top five products in which
Amerinet's long-term care members are interested, Mr. Ede said, are
food and nutrition programs, advanced wound care and incontinence
care.
About Amerinet
As a leading national group purchasing organization, Amerinet
strategically partners with healthcare providers to reduce costs
and improve quality. Through its Total Spend Management solutions
and operational performance improvement programs, tools and
services, Amerinet assists members in their efforts to reduce
costs, improve efficiencies and create new revenue streams.
Supported by a team of clinical, data and supply chain experts,
Amerinet offers a comprehensive portfolio of product and service
contracts to address members' specific needs. Amerinet serves acute
and alternate care site healthcare providers nationwide. To learn
more, visit www.amerinet-gpo.com.
About Medical Nutrition USA, Inc.
Medical Nutrition USA, Inc. (NASDAQ: MDNU) is a growing supplier
of a line of engineered and clinically tested medical nutritional
supplements aimed primarily at nursing homes, assisted living
communities and dialysis markets nationwide. The company's strong
performance is the result of its significant and growing share in
U.S. and Canadian institutional markets that is accelerated by
ongoing, successful new product development and introductions. Find
more on Medical Nutrition at www.mdnu.com.
This press release contains forward-looking statements that are
subject to certain risks and uncertainties. Although we believe
that the expectations reflected in any of our forward-looking
statements are reasonable, actual results could differ materially
from those projected or assumed. Risks and uncertainties that could
cause or contribute to such material difference include, but are
not limited to, general economic conditions, changes in customer
demand, changes in trends in the nursing home, renal care, health
food and bariatric surgery markets, changes in competitive pricing
for products, and the impact of our competitors' new product
introductions. Our future financial condition and results of
operations, as well as any forward-looking statements are subject
to change and inherent risk and uncertainties. Other important
factors that may cause actual results to differ materially from
those expressed in forward-looking statements is contained in the
Medical Nutrition USA, Inc. Annual Report on Form 10-K for the year
ended January 31, 2009 as filed with the Securities and Exchange
Commission on April 24, 2009.
Contacts: Medical Nutrition USA, Inc. Frank J. Kimmerling Vice
President/CFO 800.221.0308 Email Contact Investor Relations Adam
Friedman 212.981.2529 x18 Email Contact
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