RxElite Awarded Dual-Source Anesthetic Gas Contract by Surgical Care Affiliates Serving 3000 Physician Partners Nationwide
31 Mars 2008 - 6:30PM
Marketwired
MERIDIAN, ID is pleased to announce the dual-source contract
award by Surgical Care Affiliates (SCA), for their anesthetic gas
products. RxElite was awarded the contract listing for all classes
of trade for Sojourn(TM) (Sevoflurane) and Terrell(TM)
(Isoflurane). Sevoflurane is the most commonly used anesthetic gas
in the United States and Isoflurane continues to be used widely in
anesthesia practice.
"SCA is the former Surgery Division of HealthSouth Corporation,
purchased last year by TPG, a major private investment firm. We are
excited to partner with one of the nation's largest providers of
outpatient surgical services to provide significant value to their
stakeholders," stated Jonathan Houssian, the CEO of RxElite.
RxElite anesthetic gases are manufactured by Minrad
International, Inc. (AMEX: BUF), a leader in the innovation of
anesthesia. RxElite holds the exclusive distribution rights for
Minrad-produced anesthetic gases for the human market in the United
States.
About RxElite, Inc.
RxElite, Inc. develops, manufactures, and markets generic
prescription drug products in specialty generic markets. These
markets include products in the areas of anesthesia, sterile liquid
dose drugs (including respiratory inhalation drugs, ophthalmics,
and injectable drugs), complex active pharmaceutical ingredients,
and other specialty areas. www.RxElite.com
About MINRAD, International, Inc.
MINRAD International, Inc. is an interventional pain management
company with real-time image guidance and anesthesia and analgesia
product lines, and also manufactures and markets generic inhalation
anesthetics for use in connection with human and veterinary
surgical procedures. The company is developing a drug/drug delivery
system for conscious sedation, which, similar to nitrous oxide in
dental surgery, provides a patient with pain relief without loss of
consciousness. www.minrad.com
About Surgical Care Affiliates
Surgical Care Affiliates is one of the nation's largest
providers of specialty surgical services. With 6,000 employees, SCA
provides a broad array of specialty surgical services to more than
3,000 physician partners across the country. On June 29, 2007 TPG,
a private investment partnership with more than $30 billion
finalized its previously announced transaction with HealthSouth
Corporation to purchase its Surgery Division, creating Surgical
Care Affiliates (SCA), one of the nation's largest independent
surgical care companies.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
involving known and unknown risks, delays, and uncertainties that
may cause our actual results or performance to differ materially
from those expressed or implied by these forward-looking
statements. These risks, delays, and uncertainties include, but are
not limited to: risks associated with the uncertainty of future
financial results, our reliance on our sole supplier, the limited
diversification of our product offerings, additional financing
requirements, development of new products, government approval
processes, the impact of competitive products or pricing,
technological changes, the effect of economic conditions and other
uncertainties detailed in the Company's filings with the Securities
and Exchange Commission. The Company undertakes no obligation to
update any forward-looking statements.
For more information: Corporate Information Ph: (208) 288-5550
Toll Free: (800) 414-1901 Fax: (208) 288-1191 Investor Relations
Ric Tener Ph: (208) 288-5550 Fax: (208) 288-1191 Email: Email
Contact
RXElite (CE) (USOTC:RXEI)
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