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Progressive Healthcare Selects Broadlane for Supply Chain Services

Posted on: Monday, 9 April 2007, 12:00 CDT

Broadlane announced today that Progressive Healthcare, Inc., Johns Island, South Carolina, has selected Broadlane to provide an array of supply chain services under an exclusive agreement. Financial terms were not announced.

Progressive Healthcare, Inc. owns and operates Long Term Acute Care (LTAC) hospitals. Under the agreement, Broadlane will provide Progressive Healthcare with its high-powered national supply chain services for consumable supplies and equipment, pharmaceuticals and purchased services and technology to help them manage their supply spend.

Progressive Healthcare will be opening three new facilities within the next 12 months. Each new facility will consume approximately $2.4M dollars annually in supplies.

"As a fast-growing, new company, Progressive Healthcare had the opportunity to choose any GPO as our supply chain partner, however Broadlane's reputation for results and integrity made them the perfect partner for us," said Herb Iwer, Progressive Healthcare's chief executive officer.

"Our clients come in all sizes," said David C. Ricker, Broadlane's president and chief operating officer. "While we serve some of the largest systems in the industry, new companies like Progressive are just as important to our client base. We plan to grow with them."

About Progressive Healthcare

Progressive Healthcare specializes in providing the finest in Long Term Acute Care (LTAC) hospitals. Their facilities are referred to as "An Acute Care Alternative." They work with local general acute care facilities as a continuation of patient care for those patients requiring a "hospital level" of care while transitioning to home, home health care, skilled nursing, rehabilitation facilities, or other post acute care levels. Based near Charleston, South Carolina, their current hospital markets are Ft Wayne, Indiana, Merrillville, Indiana, and Dallas, Texas.

About Broadlane

Broadlane is a leading supply chain services company serving thousands of acute care hospitals, ambulatory care facilities, physician practices and other healthcare providers throughout the United States.

Broadlane provides comprehensive supply chain services including:

High-powered national & custom contracting

Innovative purchasing services & technology

Informatics -- benchmarking, analytics and reporting

Deep clinical & operational expertise

"High-touch" client service

Broadlane's clients include leading providers such as Advocate Health Care, Ascension Health, CHRISTUS Health, Continuum Health Partners, Kaiser Permanente, Kindred Healthcare, New Hanover Regional Medical Center, Tenet Healthcare, The Health Alliance of Greater Cincinnati, Universal Health Services, US Oncology, Sisters of Charity of Leavenworth Health System, UMass Memorial Health Care and William Beaumont Hospitals.

The company is headquartered in Dallas with offices in California, New York and Ohio. For more information, visit www.broadlane.com.

Source: Business Wire

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