One of the nation's largest group-purchasing organizations,
Premier Purchasing Partners, L.P., selects St. Jude Medical as one of
three CRM suppliers
ST. PAUL, Minn.--(BUSINESS WIRE)--Oct. 11, 2007--St. Jude Medical,
Inc. (NYSE:STJ) today announced that it has been awarded a Cardiac
Rhythm Management (CRM) contract with Premier Purchasing Partners,
L.P., one of the nation's largest healthcare purchasing alliances.
St. Jude Medical was one of three CRM manufacturers to receive a
Premier contract. The contract is a two-year award that began Oct. 1.
"St Jude Medical is a highly regarded vendor that continues to
demonstrate motivation to enhance our members' efforts to drive value,
manage risks and improve patient safety," said Mike Alkire, president
of Premier Purchasing Partners. "This new agreement supports our goal
to deliver products and services that truly offer our members economic
value."
St. Jude Medical began its CRM relationship with Premier in 2004
through pacemaker and implantable cardioverter defibrillator (ICD)
contract awards. The new contract will now include the complete line
of St. Jude Medical CRM products, including the expanding line of
cardiac resynchronization therapy (CRT) products.
"We are pleased to continue our partnership with Premier, their
member hospitals and their physicians, providing a full line of
high-quality cardiac rhythm management devices for their patients,"
said Michael T. Rousseau, president of St. Jude Medical's U.S.
Division. "The contract award speaks to the advancements St. Jude
Medical has made in becoming a leader in CRM innovation and therapy."
About Premier Inc.
Serving 1,700 hospitals and more than 47,000 other healthcare
sites, Premier is the largest healthcare alliance in the United States
dedicated to improving patient outcomes while safely reducing the cost
of care. Owned by not-for-profit hospitals, Premier operates the
nation's largest healthcare purchasing network, the most comprehensive
repository of hospital clinical and financial information and one of
the largest policy-holder owned, hospital professional liability
risk-retention groups in healthcare. Headquartered in San Diego,
Premier has offices in Charlotte, N.C., Philadelphia and Washington.
For more information, visit www.premierinc.com.
About St. Jude Medical
St. Jude Medical is dedicated to making life better for cardiac,
neurological and chronic pain patients worldwide through excellence in
medical device technology and services. The Company has five major
focus areas that include: cardiac rhythm management, atrial
fibrillation, cardiac surgery, cardiology and neuromodulation.
Headquartered in St. Paul, Minn., St. Jude Medical employs
approximately 12,000 people worldwide. For more information, please
visit www.sjm.com.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. Such forward-looking statements
include the expectations, plans and prospects for the Company,
including potential clinical successes, anticipated regulatory
approvals and future product launches, and projected revenues,
margins, earnings, and market shares. The statements made by the
Company are based upon management's current expectations and are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include
market conditions and other factors beyond the Company's control and
the risk factors and other cautionary statements described in the
Company's filings with the SEC, including those described in the
Company's Annual Report on Form 10-K filed on February 28, 2007 (see
pages 13-20) and Quarterly Report on Form 10-Q filed on August 9, 2007
(see pages 26-29). The Company does not intend to update these
statements and undertakes no duty to any person to provide any such
update under any circumstance.
CONTACT: St. Jude Medical, Inc.
Investor Relations:
Angela Craig, 651-481-7789
or
Media Relations:
Kathleen Janasz, 651-415-7042
SOURCE: St. Jude Medical, Inc.
