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Groups weigh in on Maxxim reliability in wake of Chapter 11 bankruptcy filing. (Group Purchasing).

Publication: Hospital Materials Management
Publication Date: 01-APR-03 		Format: Online - approximately 828 words
Delivery: Immediate Online Access
Full Article Title: Groups weigh in on Maxxim reliability in wake of Chapter 11 bankruptcy filing. (Group Purchasing).(Maxxim Medical)

Article Excerpt
When one of their major suppliers of surgical and examination gloves, custom procedure trays, vascular access devices and disposable textiles filed for bankruptcy under Chapter 11, it did not take group purchasing organizations by surprise.

Before news reports surfaced that the debt load of Maxxim Medical, Clearwater, Fla., led it to reorganize using $20 million in additional financing from its bankers, the company contacted its GPO customers, distributors and suppliers, warned them of the impending filing, and reassured them that neither customer orders nor supplier payments would be affected.

As a result, any concerns groups have about the future of Maxxim are tempered with expressions of support and optimism that the company will pull through, while keeping its hospital customers supplied.

"They did...

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