Masimo Signal Extraction Pulse Oximetry Agreement Provides More Than 1500 Hospitals and Other Healthcare Sites Access to Masimo SET(R) Technology IRVINE, Calif., Sept. 3 /PRNewswire/ -- Masimo, the innovator of motion and low perfusion tolerant pulse oximetry, today announced that Premier, one of the nation's leading group purchasing organizations (GPOs), has awarded a contract to Masimo under which Masimo will make available the Masimo Signal Extraction pulse oximetry technology (Masimo SET(R)) to Premier's more than 1,500 affiliated hospital facilities. The three-year agreement is effective as of September 1, 2002. Kevin Mosher, President of Masimo Americas stated, "Masimo offers Premier's member hospitals the most comprehensive clinical validation of safety and efficacy for any motion and low perfusion tolerant pulse oximetry technology as well as the broadest and deepest OEM offering of motion and low perfusion tolerant pulse oximetry on the market. In addition, this agreement offers Premier member hospitals the most extensive array of motion and low perfusion tolerant products and programs, such as guaranteed reductions in adhesive sensor utilization or capitated reusable sensor programs, depending upon the unique needs of each facility." "Masimo's mission has been to improve patient care and reduce the cost of care by making patient monitoring reliable and taking it to new sites and applications," said Kevin Mosher, President of Masimo, Americas. "With our invention of Signal Extraction Technology, we solved the problem that plagued pulse oximetry, false alarms and missed events due to patient motion and low blood flow. Physicians around the world have sought out Masimo SET pulse oximetry due to its revolutionary performance. We are delighted to be able to now offer Premier member hospitals Masimo SET technology; this is a big step towards accomplishing our mission." "The healthcare marketplace is evolving so quickly and on so many levels such as features, innovations and pricing. Continuously improving our contract portfolio reflects our members' expectations that Premier continues to lead with new contracts and enhanced contracting strategies," said Howard Sanders, executive responsible for Premier's group purchasing services. "Multi-sourcing for products with high physician preference is consistent with Premier's contracting framework to help hospitals reduce overall costs while maintaining high standards in healthcare delivery." Mr. Mosher added, "Today's hospitals are forced to deal with staffing shortages and pressures to reduce costs and medical errors. Masimo SET pulse oximetry offers clinicians a monitor that has been proven to work exceedingly well in a variety of medically challenging circumstances. This level of reliability has been shown to reduce the cost of care, and has been linked to reduced medical errors and improved patient care. We are anxious to offer our technology and a variety of flexible programs, whether the facility uses adhesive or reusable sensors, to Premier hospitals to help them meet their objective of improving their process of care." Masimo Corporation, founded in 1989, is the innovator and leader of motion and low perfusion tolerant pulse oximetry. Masimo develops, licenses and markets advanced medical signal processing technologies and products for the non-invasive monitoring of vital signs. Masimo Signal Extraction Technology represents a fundamental departure from conventional pulse oximetry technologies. Over 50 independent and objective, published studies have demonstrated that Masimo Signal Extraction Technology substantially overcomes the limitations of conventional pulse oximeters in accurately measuring arterial blood oxygen saturation levels and pulse rates in the presence of patient movement and low perfusion. To date, Masimo has licensed its Signal Extraction pulse oximetry technology to over 35 international patient monitoring system providers, which make up over 60% of the world's pulse oximeter shipments. Masimo is headquartered in Irvine, California. Additional information about Masimo and its products can be found on the company's web site www.masimo.com . Premier, Inc., is a strategic alliance in U.S. healthcare, entirely owned by more than 200 of the nation's leading hospital and healthcare systems. These systems operate or are affiliated with approximately 1,530 hospital facilities in 50 states and hundreds of other care sites. Premier provides an array of resources supporting health services delivery. Among these resources are supply chain management support and group purchasing for more than $14 billion annually in supplies and equipment. Premier also offers insurance programs, performance improvement services of many kinds including substantial comparative databases and associated benchmarking applications, clinical technology services, and practice support services. Premier is headquartered in San Diego, Calif., with offices in Chicago, Ill.; Charlotte, N.C.; and Washington, D.C. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X28801456 SOURCE Masimo Corporation -0- 09/03/2002 /CONTACT: Brad Langdale of Masimo Corporation, +1-949-253-6404/ /Web site: http://www.masimo.com / CO: Masimo Corporation; Premier, Inc. ST: California IN: HEA MTC BIO CPR SU: CON -0- Sep/03/2002 21:43 GMT
Masimo Corporation Awarded Contract by Premier For
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