Dynatronics Awarded Sole-Source GPO Contract
SALT LAKE CITY, June 12, 2014
SALT LAKE CITY, June 12, 2014 /PRNewswire/ --Dynatronics Corporation (NASDAQ:
DYNT) today announcedthe signing of an agreement to become a sole-source
contract provider of rehabilitation and exercise equipment and supplies to
Amerinet members. Amerinet is one of the nation's leading healthcare group
purchasing organizations (GPO), providing its clients with a wide range of
solutions, including negotiating services, supply chain management, as well as
data analytics, technology enhancements and education.
"We are thrilled with the opportunity of adding thousands of new customers,"
stated Larry K. Beardall, executive vice president of sales and marketing.
"We estimate that this contract will ramp up to between $3.5 and $5 million
in new business annually."
Amerinet strategically partners with acute and alternate care providers to
reduce healthcare costs and improve healthcare quality. Based in St. Louis,
Missouri, Amerinet has been serving customers across the nation since 1986.
These customers have saved more than $1 billion annually by purchasing through
Amerinet's diverse portfolio of product and service contracts.
The three-year agreement with Amerinet becomes effective July 1, 2014.
"This agreement represents an important step forward for Dynatronics'
strategic growth initiatives," stated Kelvyn H. Cullimore, Jr. chairman and
president of Dynatronics. "We believe the combination of Amerinet's
innovative solutions and Dynatronics' broad product line will deliver
synergistic benefits to many practitioners and their patients throughout the
As one of the country's top healthcare solutions organizations, Amerinet
collaborates with acute and alternate care providers to create and deliver
unique solutions through performance improvement resources, guidance and
ongoing support. With better product standardization, utilization and
strategic financial tools, Amerinet helps healthcare facilities lower their
costs, raise revenue and champion quality, resulting in enriched healthcare
delivery for its members and the communities they serve. To learn more about
Amerinet, visit www.amerinet-gpo.com.
About Dynatronics Corp.
Dynatronics manufactures, markets and distributes advanced-technology medical
devices, orthopedic soft goods and supplies, treatment tables and
rehabilitation equipment for the physical therapy, sports medicine,
chiropractic, podiatry, plastic surgery, dermatology and other related
medical, cosmetic and aesthetic markets. More information regarding
Dynatronics is available atwww.dynatronics.com.
This press release contains forward-looking statements. Those statements
include references to the company's expectations and similar statements such
as the statement regarding expectations for the contract to add between $3.5
and $5 million in new business annually. Actual results may vary from the
views expressed in the forward-looking statements contained in this release.
The development and sale of the company's products are subject to a number of
risks and uncertainties, including, but not limited to, changes in the
regulatory environment, competitive factors, inventory risks due to shifts in
market demand, market demand for the company's products, availability of
financing at cost-effective rates, and the risk factors listed from time to
time in the company's SEC reports.
SOURCE Dynatronics Corporation
Contact: Bob Cardon, Dynatronics Corp., 800-874-6251 or 801-568-7000
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