PORTLAND, Ore., March 17, 2015 /PRNewswire/ -- HemCon Medical Technologies, Inc. ("HemCon"), a wholly owned subsidiary of TriStar Wellness Solutions(R), Inc. (OTCQB: TWSI) and a leading developer and marketer of advanced wound care products, announced today that HemCon has joined aptitude LLC the healthcare industry's first direct contracting market. Today, aptitude has over 1,000 hospitals that benefit from reducing the online platform that reduces the contract cycle time by 50% by automating key components of the process. HemCon has added its full product line to aptitude and hopes to introduce new customers by using the user friendly interface and quick turn around on contracts. HemCon plans to continue to grow its portfolio online, which will be beneficial to all current and prospective HemCon customers. Adding an additional way to take its products to market supports HemCon's continuing expansion into the hospital market.
Logo - http://photos.prnewswire.com/prnh/20150316/181954LOGO
Logo - http://photos.prnewswire.com/prnh/20150316/181955LOGO
Michael Wax, CEO of HemCon, remarked, "We are pleased to join aptitude and participate in their innovative cost reduction supply model. The agreement to offer our products to hospitals through aptitude was timely and fluid. We are confident that this fast growing technology based platform will continue to grow rapidly and help add to our market reach."
"We are excited that HemCon has decided to join the aptitude market place. We anticipate that our healthcare providers will be very excited to build new and expand existing committed contracts relationships with HemCon through aptitude's innovative market approach," said Troy Kirchenbauer, General Manager of aptitude LLC.
About HemCon Medical Technologies
HemCon Medical Technologies Inc., founded in 2001, develops, manufactures, and markets innovative technologies for hemostatic devices for the control of bleeding resulting from trauma or surgery. HemCon products are designed for use by military and civilian first responders as well as medical professionals in hospital and clinical settings where control of bleeding are of critical importance. HemCon is headquartered in Portland, Ore. The Company has subsidiaries in Ireland and the Czech Republic. For more information, please visit www.hemcon.com.
About TriStar Wellness Solutions
TriStar Wellness Solutions®, Inc. (OTCQB:TWSI) is a health and wellness company that targets opportunities in the advanced wound care marketplace. TriStar is the owner of HemCon Medical Technologies Inc., a company dedicated to saving lives through innovative wound care solutions.
About aptitude:
As healthcare's direct contracting market, aptitude LLC is meeting the evolving demands of today's healthcare organizations. Hospitals and suppliers are intrigued by how aptitude re-imagines the contracting model and provides the driving force for a more logical market in which both parties can achieve mutually beneficial, committed purchasing relationships for a better value proposition for both. Today, hospitals and suppliers have a combined $15 billion in purchasing power and are experiencing an average savings of 10 to 15 percent.
Forward-Looking Statement
This press release for TriStar Wellness Solutions®, Inc. contains forward-looking statements. Generally, you can identify these statements because they use words like "anticipates," "believes," "expects," "future," "intends," "plans," and similar terms. These statements reflect only our current expectations. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy and actual results may differ materially from those we anticipated due to a number of uncertainties, many of which are unforeseen, including, among others, the risks we face as described our filings with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements which apply only as of the date of this press release. To the extent that such statements are not recitations of historical fact, such statements constitute forward-looking statements that, by definition, involve risks and uncertainties. In any forward-looking statement where we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation of belief will be accomplished.
Contact:
Stephanie Wiegman
Tel: (503) 245-0459
Email
SOURCE TriStar Wellness Solutions
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article