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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Voodoo who wrote (792)	4/15/1999 10:58:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 828

Safeskin Renews Long Term Agreement With McKessonHBOC's Medical Group for Private Label Exam Gloves PR Newswire - April 15, 1999 08:18 SAN DIEGO, April 15 /PRNewswire/ -- Safeskin Corporation (Nasdaq: SFSK), a leading manufacturer of disposable latex and synthetic gloves for the healthcare, high-technology and scientific industries, today announced it has renewed its long-term private label supply agreement with the Medical Group of McKessonHBOC (formerly McKesson General Medical), for an additional five year term. Safeskin signed its first General Medical supply contract in 1994. McKessonHBOC's Medical Group is the Company's largest distributor of branded and private label gloves combined. The agreement is expected to generate eight to ten million dollars in incremental annual revenue for Safeskin. Under the terms of the agreement, Safeskin will supply an expanded line of privately labeled exam gloves to a larger base of business. In addition to General Medical, McKessonHBOC Medical Group's medical/surgical distribution business now includes Red Line Healthcare Corporation, Hawk Medical Supply, Inc., Atlantic Healthcare, as well as other McKessonHBOC Medical Group affiliates. The new agreement includes the full line of latex gloves covered under the original agreement, in addition to Safeskin's powder-free synthetic exam glove composed of nitrile. "We are very pleased to expand our relationship with McKessonHBOC's Medical Group through this long-term, private label agreement," said Richard Jaffe, chairman, president and chief executive officer of Safeskin. "This partnership has important features that should help each company build a stronger future. Both McKessonHBOC and Safeskin have committed to expand their use of information technology and to share information. Over time, we believe these supply chain initiatives will enable each partner to realize cost savings through optimized product flow and to improve customer fill rates."