Last checked at 18 Jan 2010 07:00
| Press Release | 18 January 2010 |
Surgical Innovations Group plc
("SI" or "the Group")
Contract win with leading US Group Purchasing Organisation
for laparoscopic instrumentation
Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative medical devices, is pleased to announce that its US Master Distributor, Surgical Innovations US Inc. ("SI USA"), has signed a three year agreement with one of the largest Group Purchasing Organisations ("GPO") in the US, effective from 1 February 2010.
GPOs help hospitals reduce costs by aggregating volume to negotiate favourable purchasing terms with vendors. The agreement provides an opportunity for SI, through SI USA, to gain access to the GPO's 2,200 member hospitals in the US with its Resposable® laparoscopic instrumentation portfolio, Logi®Range, an ergonomic system which combines reusable handles with disposable scissor blades and graspers. This provides surgeons with high quality, but cost effective instruments, for performing laparoscopic surgery.
Commenting on the agreement, Graham Bowland, Managing Director of Surgical Innovations Limited, said: "This agreement with one of the US's leading GPOs strengthens SI's strategy of developing the Logi®Range brand through our collaboration with SI USA. The 2,200 member hospitals represent a considerable proportion of all US hospitals, therefore the agreement provides us with significant access to the US laparoscopic instrumentation market, which is estimated to be worth $150 million per annum. We look forward to seeing substantial sales growth of the Logi®Range as member hospitals are introduced to the brand."
- Ends -
For further information:
| Surgical Innovations Group plc | |
| Doug Liversidge, Chairman | Tel: +44 (0) 113 230 7597 |
|
| www.surginno.com |
| Graham Bowland, Finance Director | Tel: +44 (0) 113 230 7597 |
| graham.bowland@surginno.co.uk | www.surginno.com |
| Westhouse Securities Limited | |
| Tim Feather / Matthew Johnson | Tel: +44 (0) 113 246 2611 |
| tim.feather@westhousesecurities.com | www.westhousesecurities.com |
Media enquiries:
| Abchurch Communications | |
| Sarah Hollins / Simone Elviss | Tel: +44 (0) 20 7398 7728 |
| simone.elviss@abchurch-group.com | www.abchurch-group.com |
Notes to Editors:
About Surgical Innovations Group plc
Surgical Innovations Group plc specialises in the design and manufacture of innovative devices for use in minimally invasive surgery and industrial markets. The Group has two trading subsidiaries Surgical Innovations Limited and Haemocell Limited
The Group employs over 80 people and has its manufacturing facility based in Leeds, covering 32,000 square feet, which enables the in-house design and manufacture of its own products to the highest quality standards. Surgical Innovations, through an established network of 40 distribution partners, sells in all of the major medical markets including North America, Europe, South Africa, the Middle East, South-East Asia and Australia.
Surgical Innovations Limited, which is the main division of the Group, is focused on developing medical instruments for the laparoscopic surgery market, minimally invasive surgery of the abdomen. The Group has pioneered the resposable™ concept, which combines both single use and reusable components which ensures an ongoing revenue stream and delivers the optimum procedure performance to cost ratio. The Groups products include:
| YelloPort plus | a resposable™ laparoscopic port access system that combines both single-use and reusable components |
| Logi®Range | laparoscopic instrument system using Resposable® technology to deliver the cost effectiveness of a reusable instrument with the optimum performance of a disposable. |
| Quick Range | single-use instruments, with an ergonomic handle to ensure accurate control of the instrument. The range includes scissors, graspers and dissectors |
In addition to its own branded instruments, the Group also designs and manufactures devices on a private label basis for large medical device companies including Teleflex Medical, Gyrus, Olympus and Cardinal Health
Haemocell Limited specialises in equipment for Autologous Blood Transfusion, which is the collection and re-infusion of a patient's own blood either during or after surgery, eliminating the widely-documented risks of infection from donated blood
For more information, see www.surginno.com