SOURCE: TimeMed Labeling Systems, Inc.

December 20, 2006 10:21 ET

TimeMed Awarded Label Supply Contract With Premier, Inc.

TimeMed Continues Successful Pursuit of Group Purchasing Organization Contracts

BURR RIDGE, IL -- (MARKET WIRE) -- December 20, 2006 -- TimeMed Labeling Systems, Inc., a leader in labeling products, systems and services for the healthcare industry, today announced that it has signed a three-year contract to supply labels and related products to members of Premier Purchasing Partners, the largest healthcare alliance in the United States. TimeMed will provide Premier's more than 1,700 hospitals and 43,000 nationwide healthcare sites with labeling solutions for hundreds of health care applications, from admissions to the laboratory.

"We are excited that Premier has selected TimeMed as a contracted supplier for labels and related products," said Jerry Nerad, president of TimeMed Labeling Systems. "As a leading labeling firm servicing the health care industry, we truly understand the needs of our customers. We are constantly scanning the landscape for new solutions, working one-on-one with hospital departments to meet their individual needs, and developing management and delivery programs that respect our customers' timelines and budgets. We are committed to providing all of our customers with high quality products and services at a fair price, and appreciate the confidence that Premier has in our organization and our people to provide the alliance with innovative labeling solutions, technical expertise, quality service, value and dependability."

TimeMed has a catalog of more than 3,000 stock items, and produces a variety of custom labeling products that are built to suit the needs of individual departments. The company's Label Management Program provides materials management, marketing and customer service departments with a custom catalog of labeling solutions that match the current needs of the hospital. The program serves to streamline operations, consolidate vendors, standardize label solutions, facilitate ordering and reduce costs. TimeMed also offers a number of other programs designed to increase order efficiency and streamline the supply chain management.

Additionally, TimeMed also supplies labels, patient identification wristbands and related products to a number of different government agencies, including the U.S. military, which turn to TimeMed to extend labeling technology to harsh environments or other difficult applications.

About Premier, 2006 Malcolm Baldrige National Quality Award recipient

Serving 1,700 hospitals and 42,000 other healthcare sites, Premier Inc. is the largest healthcare alliance in the United States dedicated to improving patient outcomes while safely reducing the cost of care. Owned by not-for-profit hospitals, Premier operates the nation's largest healthcare purchasing network, the most comprehensive repository of hospital clinical and financial information and one of the largest policyholder-owned, professional liability insurance companies in healthcare. Headquartered in San Diego, Premier has offices in Charlotte, N.C. and Washington, D.C. Premier Inc. is a recipient of the 2006 Malcolm Baldrige National Quality Award. For more information, visit

About TimeMed Labeling Systems

Founded in 1955, TimeMed Labeling Systems Inc. is an industry leader in quality labeling products, systems and services for the healthcare industry. TimeMed produces labeling solutions designed to improve patient safety and medical accuracy for healthcare facilities, as well as systems to help support supply chain management. TimeMed is headquartered in Burr Ridge, Ill. and has manufacturing facilities in Dallas, Texas. Pharmex, a division of TimeMed and a leading provider of pharmaceutical labeling products and services, is based in New Smyrna Beach, Fla. For more information about TimeMed, visit

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