Home | Business News | Browse by Publication | H | Hospital Materials Management

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...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 7 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Hospital Materials Management
VHA reports annual purchasing volume via Novation rises to $15.6 billi..., April 01, 2003
Contract renewal brings safety catheters from B. Braun to Premier memb..., April 01, 2003
New technology to test infant hearing featured in MedAssets pact with ..., April 01, 2003
Premier selects Zevex to supply products used in ambulatory enteral nu..., April 01, 2003
Novation inks three-year pact covering intravenous supplies from Medli..., April 01, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.