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The Paquin Group announces the acquisition of MedMarket
Orlando, Florida, May 25, 2005 -The Paquin Group ( www.thepaquingroup.com), a leading provider of healthcare retail consulting services, announced the acquisition of MedMarket, one of the nation's most established providers of ecommerce and online directory services for the healthcare industry.
"MedMarket ( www.MedMarket.com) brings to our team extensive capabilities in ecommerce as well as relationships with over 300 healthcare related product vendors. This online directory of suppliers will be a key resource for clients implementing retail initiatives," stated Paquin Group CEO Tony Paquin.
MedMarket has been in business since 1995 providing 'virtual mall' services to manufacturers and distributors of healthcare products. The company's web site, www.MedMarket.com is widely recognized as the leading online directory of medically related products and services. Each month the site is visited by thousands of users, and is regularly featured as a top ten listing in its category by Google, Yahoo! and most other major search engines.
The MedMarket virtual mall service will be enhanced to more closely serve the supplier needs of retail directors at hospitals nationwide. The system will serve as an online reference site for buyers searching for gift, convenience and healthcare products for stores located on hospital campuses.
Paquin also explained that the MedMarket team has experience designing and hosting ecommerce sites for its clients. The Paquin Group is planning to offer ecommerce technology and product order fulfillment services to its clients.
"Ecommerce is a fast and easy way for hospitals to achieve retail success and to promote their market presence. The MedMarket acquisition enables us to now offer turnkey ecommerce systems and services to our clients," Paquin said.
The acquisition was reported as an asset purchase, other details were not disclosed.
About The Paquin Group
The Paquin Group is an alliance of industry leading experts and resources created to assist hospitals with the implementation of healthcare retail strategies. The company's core mission is to increase revenue opportunities and minimize risks for healthcare organizations. As expenses rise and Medicare reimbursement rates are pressured downward, new sources for non-reimbursed revenues are becoming essential to the financial viability of hospitals. The Paquin Group helps hospitals identify and implement these new retail revenue strategies.
About Paquin Healthcare Companies, Inc.
Paquin Healthcare Companies, Inc., through its subsidiary operations, is pioneering the development of distribution channels for healthcare-based retail products and services. Working in conjunction with major hospitals and other professional healthcare organizations nationwide, Paquin Healthcare is the nation’s leading provider of integrated and customized solutions for the implementation of healthcare retail strategies. As Medicare reimbursement rates continue to be pressured downward and expenses rise, new sources for non-reimbursed revenues are becoming essential to the financial viability of hospitals. Paquin Healthcare also organizes the industry’s premier annual meeting event for healthcare retail initiatives, The Healthcare Retail Conference.
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"MedMarket ( www.MedMarket.com) brings to our team extensive capabilities in ecommerce as well as relationships with over 300 healthcare related product vendors. This online directory of suppliers will be a key resource for clients implementing retail initiatives," stated Paquin Group CEO Tony Paquin.
MedMarket has been in business since 1995 providing 'virtual mall' services to manufacturers and distributors of healthcare products. The company's web site, www.MedMarket.com is widely recognized as the leading online directory of medically related products and services. Each month the site is visited by thousands of users, and is regularly featured as a top ten listing in its category by Google, Yahoo! and most other major search engines.
The MedMarket virtual mall service will be enhanced to more closely serve the supplier needs of retail directors at hospitals nationwide. The system will serve as an online reference site for buyers searching for gift, convenience and healthcare products for stores located on hospital campuses.
Paquin also explained that the MedMarket team has experience designing and hosting ecommerce sites for its clients. The Paquin Group is planning to offer ecommerce technology and product order fulfillment services to its clients.
"Ecommerce is a fast and easy way for hospitals to achieve retail success and to promote their market presence. The MedMarket acquisition enables us to now offer turnkey ecommerce systems and services to our clients," Paquin said.
The acquisition was reported as an asset purchase, other details were not disclosed.
About The Paquin Group
The Paquin Group is an alliance of industry leading experts and resources created to assist hospitals with the implementation of healthcare retail strategies. The company's core mission is to increase revenue opportunities and minimize risks for healthcare organizations. As expenses rise and Medicare reimbursement rates are pressured downward, new sources for non-reimbursed revenues are becoming essential to the financial viability of hospitals. The Paquin Group helps hospitals identify and implement these new retail revenue strategies.
About Paquin Healthcare Companies, Inc.
Paquin Healthcare Companies, Inc., through its subsidiary operations, is pioneering the development of distribution channels for healthcare-based retail products and services. Working in conjunction with major hospitals and other professional healthcare organizations nationwide, Paquin Healthcare is the nation’s leading provider of integrated and customized solutions for the implementation of healthcare retail strategies. As Medicare reimbursement rates continue to be pressured downward and expenses rise, new sources for non-reimbursed revenues are becoming essential to the financial viability of hospitals. Paquin Healthcare also organizes the industry’s premier annual meeting event for healthcare retail initiatives, The Healthcare Retail Conference.
Back to Press Releases >>
ARCHIVES
The Retail Healthcare Revolution
The Definitive Book on Consumer Issues in Healthcare by Tony Paquin.
Now available on Amazon.com
The Definitive Book on Consumer Issues in Healthcare by Tony Paquin.
Now available on Amazon.com
Ranked #291
Paquin Healthcare Companies earned the position of #291 on the 2009 Inc. 500, the
fastest-growing private Companies in America.
Paquin Healthcare Companies earned the position of #291 on the 2009 Inc. 500, the
fastest-growing private Companies in America.
2009 Winner
Paquin Healthcare
was named winner of the 2009 eHealthcare Leadership Awards.
Paquin Healthcare
was named winner of the 2009 eHealthcare Leadership Awards.