NEWS!
Sabratek Awarded Exclusive Supplier Agreement from Kaiser Permanente
PR Newswire - January 06, 1999 07:45
SKOKIE, Ill., Jan. 6 /PRNewswire/ -- Sabratek Corporation (Nasdaq: SBTK) today announced that it has been awarded an exclusive three year agreement to supply the entire Kaiser Permanente system throughout the United States with its 6060 ambulatory pumps. Kaiser Permanente is one of the largest and most integrated full service health care organizations in the United States serving the healthcare needs of 9.3 million members in 17 states and the District of Columbia. Sabratek was chosen after an extensive set of trials during which Kaiser evaluated many of the available alternatives to meet the needs of those patients requiring an ambulatory infusion pump.
"We are extremely proud to have our ambulatory pumps chosen as the standard for Kaiser Permanente's homecare, clinic based, out-patient and in-patient pain management requirements," said K. Shan Padda, Chief Executive Officer of Sabratek. "Kaiser is one of the outstanding health care organizations in the country and we consider their choice of Sabratek as another vote of confidence for Sabratek's products."
"Kaiser Permanente elected to use Sabratek's infusion technology due to the ease of use and flexibility," said Kathy Wallace, Commodities Manager, Supply Chain Management, of Kaiser Permanente. "Kaiser is committed to providing quality patient care across the entire continuum of care for our patients. To that end, we have chosen to use Sabratek's ambulatory pump both in the hospital and alternate site settings for our patients requiring an ambulatory pump."
Kaiser Permanente is one of America's leading health care organizations. Founded in 1945, it is a non-profit, group-practice prepayment program with headquarters in Oakland, California. Today, it encompasses Kaiser Foundation Health Plan, Inc.; Kaiser Foundation Hospitals; and the Permanente Medical Groups, as well as a community health plan in New York and an alliance with Group Health Cooperative in Washington and Idaho. Nationwide, Kaiser Permanente includes more than 100,000 technical, administrative, and clerical employees and 15,000 physicians representing all specialties.
Sabratek Corporation develops, produces and markets technologically advanced, user friendly, interactive therapeutic and diagnostic medical systems designed specifically to meet the needs of the healthcare market. The Company's multi-therapy infusion and other systems reduce operating costs while improving the delivery and quality of care, allowing high-acuity patients to be treated in various healthcare settings. Sabratek's proprietary MediVIEW(R) healthcare information system provides remote programming as well as real-time diagnostic and therapeutic data capture capabilities, allowing caregivers to monitor patient compliance more effectively and allowing providers to develop outcome analyses and optimal clinical protocols. Sabratek's PumpMaster(TM) facilitates mandatory equipment diagnostics without the costly retrieval of pumps for testing in centralized laboratories. The Company has designed its integrated hardware and software to permit providers to achieve cost-effective movement of patients along the continuum of healthcare settings.
This press release contains forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's periodic reports filed under the Securities Exchange Act of 1934, as amended (copies of which are available upon request from the Company's Investor Relations Department).
SOURCE Sabratek Corporation |
