Tuesday May 9, 7:45 am Eastern Time
Company Press Release
I-Flow Corp. InfuSystem Subsidiary Wins New Managed Care Contract With United HealthCare of Oregon Covering 1.7 Million Members
LAKE FOREST, Calif.--(BUSINESS WIRE)--May 9, 2000--I-Flow Corp. (Nasdaq:IFLO - news) announced today that its InfuSystem subsidiary has won the networkwide contract to provide infusion pump management services to the 1.7 million covered managed care members of United HealthCare of Oregon.
Terms of the agreement were not disclosed.
I-Flow President and Chief Executive Officer Donald M. Earhart said: ``We are very pleased to be associated with United HealthCare of Oregon and look forward to working with their healthcare professionals to provide quality infusion therapy services to their members. InfuSystem's cost-effective infusion pump management service program will help their providers maintain their high standards of care, while we focus on such critical concerns as equipment maintenance, pump protocols, obsolescence and compliance requirements.''
He added that with this contract InfuSystem now has secured nearly 67 million lives under managed care contracts.
InfuSystem Vice President of Managed Care Daniel McColl said: ``This new contract with United HealthCare of Oregon strengthens our market position and enhances our ability to expand pump management services and provide infusion therapy products to new patients. The growth in our managed care program that comes with each new contract strengthens our ability to provide first-rate service to a growing managed care patient population.''
About I-Flow Corp.
I-Flow (www.i-flowcorp.com) designs, develops and markets technically advanced, low-cost ambulatory infusion systems that are redefining the standard of care by providing life-enhancing, cost-effective solutions for pain management and infusion therapy.
The statements contained in this release that are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involve significant risks and uncertainties, including, without limitation, future demand for the company's services, competition within the industry, and other risks or uncertainties detailed in the company's Securities and Exchange Commission filings.
Contact:
I-Flow Corp., Lake Forest Gayle L. Arnold, 949/206-2700 www.i-flowcorp.com or Neil Berkman Associates John Hicks, 310/277-5162 info@BerkmanAssociates.com |