PharMEDium Awarded Contract for Premier's Outsourced Compounded Pharmacy Preparations

LAKE FOREST, Ill., March 16 /PRNewswire/ -- PharMEDium Services, LLC, the leading national provider of pharmacy outsourced sterile I.V. compounding services, announced a new sole source agreement for admixture and compounding services – exclusive of total parenteral nutrition (TPN) compounding– with Premier Purchasing Partners, LP, the group purchasing unit of Premier, Inc.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20051202/PHARMEDIUMLOGO)

Effective January 1, 2010, the agreement applies to the full line of outsourced compounded drug preparations used by Premier's alliance of more than 2,300 U.S. hospitals and 64,000-plus other healthcare sites.

"Premier's leadership and drive for quality are well-known across the industry as well as for the extensive supplier evaluations its member driven National Pharmacy Committee performs," said David Jonas, PharMEDium's Chairman and Chief Executive Officer. "We are excited to work with an organization that shares our values around quality, safety, service, and leadership," he added.

About Premier Inc., 2006 Malcolm Baldrige National Quality Award Recipient

The Premier healthcare alliance is more than 2,300 U.S. hospitals and 64,000-plus other healthcare sites working together to improve healthcare quality and affordability. Owned by not-for-profit hospitals, Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier works with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has offices in San Diego, Philadelphia and Washington. Follow Premier on Twitter.

About PharMEDium Services, LLC

PharMEDium is the National leading provider of pharmacy outsourced sterile I.V. compounding services. PharMEDium's nationwide network of state licensed and federally registered compounding facilities provide trusted solutions to more than 2,000 hospitals throughout the United States. The company complies with all applicable state laws and FDA and DEA regulations, as well as USP Chapter 797 requirements.

SOURCE PharMEDium Services, LLC