That's old news Tom. Look out for Mbuy, another Kleiner B2B child which IPO soon out of San Diego.
>SAN DIEGO--(BUSINESS WIRE)--Feb. 22, 2000--
Enables Healthcare Providers to Purchase Products
for Their Patients' Homecare Needs
medibuy.com Inc., a leading e-commerce solution for healthcare supply procurement, and drugstore.com(TM) inc. (Nasdaq:DSCM), a leading Internet site for health, beauty and wellness products, have entered into a definitive agreement to develop a co-branded e-commerce marketplace targeted at the home healthcare market.
Home healthcare organizations will now be able to access products and information to serve the needs of their patients from one online destination.
The co-branded solution will enable healthcare professionals to easily and efficiently procure durable medical equipment and personal care products for home healthcare patients. In the future, the co-branded solution may also enable healthcare professionals to procure pharmaceuticals. Under the 5-year agreement, medibuy.com will design its suite of procurement solutions -- eCatalog, eRFP, and eSpecials -- specifically for home healthcare providers and offer these services through the co-branded site.
medibuy.com will market the co-branded site to new and existing medibuy.com users, extending both companies' reach into the home healthcare market. drugstore.com and medibuy.com will also create joint marketing and promotional programs to reach home healthcare organizations and will share the transaction fees. drugstore.com will be the exclusive supplier of its products through the co-branded site.
"We are thrilled to be working with such a highly regarded e-commerce healthcare company. The new co-branded site will provide customers with a broad selection of brand-name products and in-depth product information, all with the click of a mouse," said Dennis Murphy, chief executive officer of medibuy.com. "Together we will be able to offer services in a manner that is effective and easy-to-use for home healthcare providers."
"Our alliance with medibuy.com extends drugstore.com's reach into the business-to-business healthcare marketplace," said Peter Neupert, president and CEO of drugstore.com. "drugstore.com gains access to a new and exciting market opportunity with this partnership by providing products and information to home healthcare professionals and other healthcare providers who have trusted relationships with consumers."
About drugstore.com
drugstore.com (Nasdaq:DSCM) is a leading on-line drugstore and information site offering What Every Body Needs(TM) for health, beauty, wellness, personal care and pharmacy products. drugstore.com provides a convenient, private and informative shopping experience that encourages consumers to purchase products essential to healthy, everyday living.
drugstore.com offers thousands of brand-name personal healthcare products at competitive prices, a full-service, licensed mail pharmacy, along with a wealth of health-related information, buying guides and other tools designed to help consumers make informed purchasing decisions. Consumers can personalize their shopping experiences with shopping lists, e-mail reminders for replenishing regularly used products and private e-mail access to pharmacists and beauty experts for questions.
drugstore.com has been awarded the Verified Internet Pharmacy Practice Sites (VIPPS) certification by the National Association of Boards of Pharmacy (NABP) as a fully licensed facility exercising the best safe pharmacy practices in compliance with federal and state laws and regulations. drugstore.com has also been rated the top Health category site by Forrester PowerRankings, which provides objective rankings of the leading eCommerce sites.
The company recently acquired Beauty.com, a leading site offering prestige cosmetic products, and also has strategic relationships with Amazon.com (Nasdaq:AMZN), Rite Aid Corp. (NYSE:RAD)(PSE:RAD), and General Nutrition Companies, among others.
drugstore.com and What Every Body Needs are trademarks of drugstore.com inc.
About medibuy.com
medibuy.com specializes in efficient Internet business-to-business e-commerce solutions for the procurement of healthcare products. The company has pioneered an innovative Web-based model that provides the healthcare community with the ability to more effectively buy and sell supplies and equipment.
medibuy.com operates as a global online marketplace that leverages Internet technology to transform the administrative infrastructure of the healthcare supply chain. The result is significant cost reduction, and streamlining of the procurement process for all types of healthcare buying, from multi-facility health systems, to hospitals, clinics and long-term care facilities.
For more information on medibuy.com or to register with the company, please visit the company's Web site at www.medibuy.com.
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