Med1Online Enters into Agreement With Amerinet, Inc. To Provide Customized Medical Equipment Management Services

Med1Online, a leading provider of new, used and reconditioned capital medical equipment (CME) across all medical specialties, announced today that it has entered into an agreement with Amerinet Inc., a health care purchasing organization representing more than 22,000 acute and non-acute health care providers nationwide.

Under the three-year agreement, Med1Online will present various cost-saving opportunities for Amerinet’s diverse member base, which spans hospitals, clinics, hospital-based physicians and long-term care facilities, among many others. Services to be provided by Med1Online include asset recovery solutions (which encompasses Med1Online’s purchasing or consignment of used equipment from Amerinet members); new and used equipment sales; equipment warranties, servicing and repairs; an internal equipment exchange program via a customized, online Extra-Net system; inventory and appraisal services and equipment planning.

“We are pleased to forge this partnership with Amerinet. The agreement will allow Med1Online to represent new health care sub-sectors including the hospital market. With our extensive medical equipment sales expertise, we can enhance Amerinet’s purchasing initiatives and create significant cost-savings benefits for their members. Over the years, we have built a solid reputation in the buying and selling of medical equipment across various health care specialty segments. Amerinet’s members will quickly benefit from our years of experience in the capital medical equipment arena as we help them control costs and realize greater efficiencies in their purchasing tactics,” said Mark Axe, director of national accounts for Med1Online.

Ron Miller, vice president at Amerinet, added: “Working with Med1Online will provide a completely transparent system for the redeployment of Amerinet members’ obsolete medical equipment. In turn, Med1Online will tap into their vast network to identify buyers of such equipment and provide the optimum investment return to our members. It truly is a mutually beneficial alliance. We look forward to the advantages this relationship will bring to our membership base and to the expertise Med1Online will afford our organization.”

Amerinet partners with health care providers to improve operating margins through a comprehensive line of strategic resources designed to reduce costs, improve efficiencies and create new revenue streams.

Supported by a team of clinical and data experts, and a comprehensive portfolio of purchasing contracts, Amerinet identifies immediate cost-savings and provides a choice of quality, competitively priced products and services supplied by industry leaders.

Based in St. Louis, Mo., with offices in Salt Lake City, Utah, Providence, R.I., and Warrendale, PA, Amerinet serves more than 22,000 acute and non-acute health care providers nationwide. To learn more, visit www.amerinet-gpo.com.

Golden, Colo.-based Med1Online (www.med1online.com) was founded in 2002 to provide purchasers with a better vehicle in which to buy capital medical equipment. The company is a leader in the provision of new, used and reconditioned capital medical equipment for all medical specialties. Its customers include physicians, dentists, surgical centers, hospitals and a range of other health care providers.

Since its inception in 2002, Med1Online has focused on building the most comprehensive database containing information about pre-owned, premium quality, late model products available for purchase from physician offices, hospitals and clinics throughout the country. Med1Online offers prescreened, best value, leading edge technology at every price-point, in every product line. Med1Online is ISO 13488:96-compliant, providing an internationally recognized level of quality assurance. The Med1Online logo is a registered trademark of Med1Online. Other trademarks are the property of their respective owners.