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Date Posted: 7/2/2008
TECSYS to Further Penetrate Healthcare in Partnership With National Medical Logistics
MONTREAL, QUEBEC--(Marketwire - June 18, 2008) - TECSYS Inc. (TSX:TCS - News), an industry-leading supply chain management software company announced today that it has partnered with National Medical Logistics (NML), a leading supply chain and distribution management consulting firm serving some of the largest healthcare systems in the United States, to provide a unique and powerful logistics solution offering in an effort to increase their penetration of healthcare supply chain networks in the U.S. NML is an implementation-focused company that provides strategic planning, supply chain consulting and hands-on distribution management services for some of the largest healthcare systems and integrated delivery networks (IDN's) in the United States. NML applies its decades of experience on developing and refining a world-class business model that uses leading edge techniques and processes backed by comprehensive operational, financial and logistical models that create supply chain value.
According to NML principal Tom Seliquini, "Our combined offerings will help to reduce much of the unknowns and risks related to systems requirements and operational readiness and quicken the speed to market for all healthcare systems."
Typically, the healthcare services marketplace, including hospitals, clinics, nursing homes, home health agencies and school health clinics, has a fragmented supply chain; each entity with separate or disconnected information system and procurement plans. They also have a significant number of manual activities, tying professional healthcare resources in logistics operations with processes not in-keeping with healthcare's quality and professional staff. Healthcare management are looking for logical ways to keep costs in line, such as reducing supplies cost, eliminating duplication and inefficiencies, enhancing security and encouraging standardized processes to maximize the efficiency and cost savings in delivering their services to patients.
"The new combined offerings, TECSYS' market leading healthcare software solutions with NML's expertise in implementing alternative supply chain models, will provide IDN's with a total, integrated supply chain execution solution, bringing self-distribution models closer to 'plug and play' status and enabling them to substantially reduce cost and improve their supply efficiency in delivering service to patients," stated Robert Colosino, TECSYS' Vice President of Business Development and Marketing.
For over a decade, TECSYS has been providing distribution and warehouse management solutions to the healthcare industry; these include Fortune 100 manufacturers and distributors, as well as a number of IDNs and third party logistics providers in Canada and the United States. The Company's product suite, EliteSeries for healthcare, effectively streamlines business processes that cut across functional areas and consolidates fragmented operations, often replacing multiple legacy systems. As a totally integrated solution suite, the EliteSeries speeds up the flow of business activity across the healthcare entities, consolidates information, manages inventory, drives dramatic cost savings, and delivers superior customer service.
About National Medical Logistics
National Medical Logistics provides outsourced logistics and consulting services to providers, distributors, group purchasing organizations, manufacturers and others in the healthcare community. With more than 70 years of experience in healthcare distribution, NML helps clients improve efficiency, increase customer and employee satisfaction and reduce costs. NML is unique among advisors to this industry in that it can design, manage and run warehouses, and implement/staff supply chain initiatives while maintaining a distributor and GPO neutral status. For more information, go to www.natmedlog.com.
About TECSYS
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include over 500 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2007. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).
Copyright © TECSYS Inc. 2008. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
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