Graham-Field Signs Multi Year Agreement With VGM & Associates, a Leading Nationwide Healthcare Products Buying Group
BAY SHORE, N.Y.--(BW HealthWire)--June 6, 2000--Graham-Field Health Products, Inc. (OTC: GFIHQ), a manufacturer and supplier of home healthcare products, and VGM & Associates, the largest private nationwide buying group of home healthcare products, based in Waterloo, Iowa, jointly announced today the signing of a multi-year purchase and supply agreement between the two companies. Under the agreement, the VGM group will continue to have access to sell and distribute the full line of products offered by Graham-Field.
According to Van Miller, President of VGM, Inc., "Graham-Field and their recognized brand name products, such as Everest & Jennings, Lumex and LaBac, continues to be a significant provider in the manufacturer/supply side of our industry. This important agreement demonstrates our faith in the ability of Graham-Field's new management team to deliver its products to our members and to the public, and our expectation that Graham Field will continue to play a major supply role to the Home Healthcare Industry. Our organization and its members and affiliates are committed to supporting Graham-Field throughout their restructuring efforts and on a going forward basis over the long term."
According to David A. Hilton, President of Graham-Field, "We are extremely gratified by the support which we have received from VGM and its members and affiliates. This agreement will allow us to continue to provide our full range of healthcare products to the public through the VGM organization. The agreement and the anticipated revenues is part of our program for moving Graham-Field forward. We expect significant benefits for both of our organizations."
Graham-Field Health Products, Inc. is headquartered in Bay Shore, New York and manufactures, markets, and distributes durable medical equipment, medical/surgical supplies and furnishings from operations situated in the United States, Canada, and Mexico. The VGM buying group and its affiliates U.S. Rehab, Homecare Providers Co-op, and HMO Medical, represent more than 1700 members operating nearly 3,000 locations nationwide, including many of the nation's premier Home Medical Equipment and Supplies providers. |
