PolyNovo Owens & Minor Agreement 3PL USA

December 2 2016

PolyNovo is pleased to announce the appointment of Owens and Minor (O&M) as its strategic logistics partner (3PL) in the United States (US).

Strategic logistics partner in the US

 

PolyNovo is pleased to announce the appointment of Owens and Minor (O&M) as its strategic logistics partner (3PL) in the United States (US). As our strategic logistics partner, O&M will provide full support to PolyNovo’s direct sales team who are currently selling our Biodegradable Temporising Matrix (BTM) product in the US.

 

O&M will provide PolyNovo fully integrated third party logistics services including storage, pick and pack, inventory management, dispatch, transport, returns management and real-time reporting services. It will also provide PolyNovo with an order-to-cash service including a customer service call centre, customer invoicing and payment collection services. As part of the arrangement PolyNovo will be granted access to significant discounts on standard rates offered by third party freight forwarding businesses when dispatching its products across the US.

 

PolyNovo considered and met with a number of potential logistics providers before selecting O&M as its preferred partner. O&M has significant experience offering logistics services to medical device, biotechnology and pharmaceutical businesses. O&M offers state-of-the art, highly automated distribution centres and market leading reporting and information systems. In addition to its 40 distribution centres in the US, it also operates 22 logistics centres in 11 countries across Europe via its subsidiary, Movianto. Should PolyNovo elect to pursue a direct sales model in Europe, O&M could potentially extend its logistics service offering to PolyNovo to include countries in Europe and the United Kingdom.

About Owens & Minor

 

(NYSE: OMI) is a leading global healthcare services company dedicated to Connecting the World of Medical Products to the Point of CareTM by providing vital supply chain services to healthcare providers and manufacturers of healthcare products. Owens & Minor provides logistics services across the spectrum of medical products from disposable medical supplies to devices and implants. With logistics platforms strategically located in the United States and Europe, Owens & Minor serves markets where three quarters of global healthcare spending occurs. Owens & Minor’s customers span the healthcare market from independent hospitals to large integrated healthcare networks, as well as group purchasing organizations, healthcare products manufacturers, and the federal government. A FORTUNE 500 company, Owens & Minor is headquartered in Richmond, Virginia, and has annualized revenues exceeding $9 billion. For more information about Owens & Minor, visit the company website at owens-minor.com.

 

Further information:

 

Paul Brennan

CEO

Mobile +61 427 662 317