MedAssets Grants Instrumentation Laboratory Platinum Vendor Award

MDAS 15.39, +0.39, +2.6%) , and Instrumentation Laboratory (IL) today announced that IL has been granted the 2008 Platinum Vendor Award, MedAssets' highest supplier honor. IL was recognized for superior achievements in improving customer value, customer satisfaction, continuous growth in purchase volume and advancement of MedAssets' philanthropic efforts and corporate values. The presentation was made at the 2008 MedAssets Healthcare Business Summit in Las Vegas, attended by more than 3,000 healthcare professionals.

"MedAssets' Supplier Recognition Program uses an objective and defined set of criteria to recognize what we consider as true leaders in the industry, providing superior services to our customer base," said Mary Ellen Kimmeth, Vice President, Laboratory and Capital Equipment Services, MedAssets Supply Chain Systems. "We are pleased to award a Platinum Vendor designation to IL, whose high quality analytical products and services, and the cost-efficiencies they represent, are valued by our customers."

"We are truly honored to be chosen as a Platinum Vendor by MedAssets, based on such criteria as value and customer satisfaction. This acknowledges exactly what we strive to achieve every day," said Brian Durkin, Director of Sales and National Accounts at IL. "When customers find value and satisfaction in our products, it translates to confidence in their test results and more time to focus on what really matters: delivering quality patient care."

IL and MedAssets currently hold a multi-year contract for IL's critical care portfolio, covering IL's critical care analyzers, including the GEM Premier 4000 and GEM Premier 3000, reagents, consumables and service.

Instrumentation Laboratory ( www.ilus.com), founded in 1959, is a worldwide developer, manufacturer and distributor of in vitro diagnostic instruments, related reagents and controls for use primarily in hospitals and independent clinical laboratories. The company's product lines include critical care systems, hemostasis systems and information management systems. IL's GEM product offerings, part of the critical care line, include the new GEM Premier 4000 analyzer with Intelligent Quality Management (iQM(R)), GEM Premier 3000 analyzer, GEM OPL(TM), a portable whole blood CO-Oximeter and the GEM PCL Plus, a portable coagulation analyzer. IL's hemostasis portfolio includes the ACL TOP(R) Family of Hemostasis Testing Systems, fully automated, high- productivity analyzers, including the ACL TOP and the new ACL TOP 500 CTS. IL also offers the ACL ELITE(R) and ELITE PRO, other hemostasis analyzers and the HemosIL(R) line of reagents. IL is based in Lexington, Massachusetts.
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