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July 30, 2014
16:50 EDTCPHDCepheid updates status of group purchasing organization agreement
Cepheid announced that its group purchasing organization, or GPO, contract with Premier will end on September 30. Customers currently purchasing through the Premier GPO will be able to continue their relationship with Cepheid through other GPOs including Amerinet, Baycare, HPA, MedAssets, Novation, and ROi, in addition to the recently announced agreement with HealthTrust, or directly with Cepheid.
News For CPHD From The Last 14 Days
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October 1, 2014
17:32 EDTCPHDCepheid and LABSCO reach purchase agreement
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16:10 EDTCPHDCepheid to acquire customer relationships from LABSCO
Cepheid announced that it has entered into a purchase agreement to acquire the customer relationships from its former distribution partner, the Laboratory Supply Company,LABSCO. LABSCO has partnered with Cepheid since early 2012 to drive adoption of the GeneXpert® System in US hospitals with fewer than 150 beds, which increased Cepheid's installed base in the segment by approximately 200 customers...The purchase price is $21M for the acquisition of the customer relationships established by LABSCO, subject to certain upward and downward purchase price adjustments. As part of the purchase agreement, Cepheid terminated its prior distribution agreement with LABSCO, which was otherwise scheduled to end on December 31. The prior agreement also contained obligations regarding future sales to existing customers which have also been terminated as part of this transaction.
September 18, 2014
07:06 EDTCPHDCepheid weakness creates buying opportunity, says Wells Fargo
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