$SGLN Signs Three Year Agreement To Supply California Management Company Its Low Cost Spinal Implants
SurgLine International, Inc. (SGLN.PK)
Thomas Toland, CEO of SGLN and SurgLine, Inc. ("SurgLine") announced today it has signed an agreement with MedNPV, LLC ("MedNPV"), a well-established management company and surgical group operator with business throughout the state of California. The agreement between the parties will permit SurgLine to supply its' low cost spinal orthopedic implants. Based upon MedNPV's current business they are forecasting up to 40 monthly surgeries.
"We are pleased to announce today that we will be working with a MedNPV to replace a competitor's higher cost product offering with our lower priced offering for spinal orthopedic implants," stated Mr. Toland. "Together, we are focused on delivering more value for the end users with excellent quality products with lower costs. Based on the current mix of surgeries, the three year agreement is expected to generate $100,000 in monthly sales. This agreement underscores that we are progressing in our business plan and making significant strides in our market penetration."
"As healthcare costs become increasingly more cost prohibitive for insurance companies and the self-insured employers, our client was looking to provide a solution for prospective surgical cost containment," said Senior Managing Director of MedNPV, I. Shone Clark
