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The 500+ hospitals in the OpenMarkets Community welcome VWR, the Pennsylvania-based distributor of over 1,200,000 laboratory products to work along side them in The OpenMarkets platform. Lab directors, supply chain buyers and VWR sales professionals are collaborating to remove waste they couldn’t touch before. Hospitals will now face less friction getting the right lab equipment.
“We’re humbled and thrilled to have a leading distributor of lab equipment join OpenMarkets,” said Michael Fineberg, CEO of OpenMarkets. “This is a $4B company that demands constant improvement. We’re pleased to be part of their improvement in selling healthcare equipment more efficiently. Our 500+ hospitals will see them prominently and improve VWR’s visibility, especially to the rural, independent hospitals using our platform. We know the OM platform will further VWR’s goal of reducing SG&A.”
For hospitals in the OpenMarkets community, products distributed by VWR will be available in The ExchangeTM. This will allow both lab managers and supply chain teams simple access to learning about products and collaboration with VWR sales reps. Data from thousands of transactions shows that this collaboration lowers the cost of sale for suppliers and the cost of purchase for providers.
“We’re creating a better way to buy and sell equipment. This now extends to the core lab equipment supplied by VWR.”
VWR (NASDAQ: VWR), headquartered in Radnor, Pennsylvania, is a global independent provider of product and service solutions to laboratory and production customers. With sales in excess of $4.5 billion in 2016, VWR enables science for customers in the pharmaceutical, biotechnology, industrial, education, government and healthcare industries. With more than 160 years of experience, VWR has cultivated a value proposition delivering product choice, operational excellence and differentiated services to improve our customers’ productivity from research to production. VWR’s differentiated services provide innovative, flexible and customized solutions from scientific research services to custom-manufactured chemical blends. Our dedicated team of more than 10,200 associates is focused on supporting scientists, medical professionals and production engineers to achieve their goals.
Founded in 2011, OpenMarkets is a software-driven marketplace for healthcare equipment, used by hundreds of hospitals and equipment suppliers to facilitate transactions in the $80BN healthcare capital market. OpenMarkets backers include TEXO Ventures, Triple P Partners, Lakewest Ventures and OCA Ventures. For more information, visit: www.openmarketshealth.com