IRIS International Signs Three-Year Agreement With HealthTrust Purchasing Group

Record Date: 9/8/2010
Company: IRIS International

CHATSWORTH, Calif., Feb. 25, 2010 -- IRIS International Inc. (Nasdaq:IRIS), a leading manufacturer of urinalysis systems and consumables for use in hospitals and commercial laboratories worldwide, announced today that it has entered into a first-time three-year sales and service supply agreement with HealthTrust Purchasing Group, LP (HealthTrust), a leading national group purchasing organization (GPO).

Under the terms of the agreement, which will be effective March 1, 2010, HealthTrust will supply the full line of IRIS's automated instrumentation, including the iQ®200 SPRINT, ELITE and SELECT series of Automated Urine Microscopy Analyzers and urinalysis workstations, and all related consumables and service agreements.

"We are delighted to establish a comprehensive sales and service agreement with one of the nation's largest GPOs," stated Cesar Garcia, Chairman, President and CEO of IRIS. This new GPO agreement opens a new sales channel, which provides us concurrent access to more than 1,400 acute care hospitals and non-acute care facilities in the HealthTrust network. This latest agreement brings to seven the number of GPOs now marketing our urinalysis product lines, providing coverage to more than 90% of hospitals nationwide. We look forward to developing a close working relationship with HealthTrust to ensure the best possible delivery of IRIS products and services to its customers and patients," Mr.Garcia added.