Patients CIC experience may be impacted by industry mergers! Buzzworthy news story!!! The medical supply industry consolidation trend continues through mergers and acquisitions in 2013. Case in point, On January 2nd, 2013, HME News published a story about another sale/merger for a supplier to be sold to another national distributor for $150 Million dollars, all lines of business including urological supplies.
Anecdotal evidence shows this consolidation trend apparently means lower quality catheters and lower customer service for patients.
2012 saw the sale of national catheter supplier for $321,000,000.00 ($321 Million Dollars) as an example. There were other mergers of national suppliers as well.
PCG Medical continues to position itself with strong partnerships with world-renowned catheter manufacturers so that our patients are not affected by the turmoil in the industry. PCG Medical does not have profit pressures by shareholders that typical publicly traded companies have and thus PCG does not have external pressures to trade down the quality of catheter products at patients’ expense of better CIC outcomes (less UTI’s with better quality hydrophilic catheters) to boost our margins.
Rest assured that we supply our VIP’s (Very Important Patients) like neighbors, because we are local neighbors!
PCG Partners for best outcomes!
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