Merger Will Expand Reach of Local Medical Supply Company
Feb 21, 2016 02:49PM ● Published by MED Magazine
Sioux Falls-based medical supply distributor Kreisers, Inc. is one of a trio of companies joining forces to form one large distribution company known as Concordance Healthcare Solutions.
When the merger is complete, the combined organization will serve more than 1,300 hospitals, 1,000 extended care/home care providers and 5,000 physicians practices and cover about 70 percent of the US population. Kreiser’s CEO Dave Larson will serve on the Senior Advisory Board of the new organization.
Joining with Kreisers to form Concordance Healthcare Solutions are MMS of Earth City, Missouri and Seneca Medical of TIffin, Ohio. According to a press release, the new company will focus on distributing medical supplies and equipment, providing healthcare supply chain services, supporting healthcare providers to improve patient experience, supporting population health and reducing the per-episode cost of care.
Concordance will have approximately 1,000 employees, 19 distribution centers and $1.1 billion in annual sales. “We have 19 warehouses, which are close to our customers, with the potential of expansion from there,” says Larson. “I believe that Kreisers will be perceived as more credible by our larger customers.”
The three companies bring different areas of expertise to the new company. “Kreisers has a strong presence in both acute care and alternate site, and it has a very strong government division, which we’re all excited about,” says MMS Executive Vice President Tom Harris who will serve as one of the co-presidents of the new company.
The transition is expected to be completed in the first quarter of 2016.