Stanley InnerSpace Awarded Sole Vendor Status for Clinical Storage Under ASCEND Contract

Grand Rapids, Mich. (Dec. 8, 2009) -- Stanley InnerSpace, a market leader in storage and inventory solutions for the healthcare industry, was awarded sole vendor status in the clinical storage product category under Premier's newly created ASCEND contract. The contract duration is from Aug. 15, 2009, through Aug. 14, 2012.

Hospitals and health systems participating in Premier healthcare alliance's ASCEND™ (Accelerated Supply Chain Endeavor) program have reduced their supply expenses in recently launched categories by up to 24 percent since May 2009. More than 145 participants that represent approximately $3 billion in supply chain purchasing volume and close to 28,000 hospital beds are collaborating to share best practices in supply chain efficiency as part of the program.

"The ASCEND contract helps hospitals save money," says Dan Schroeder, InnerSpace's vice president of strategic and corporate sales. "Ultimately that frees up resources to improve patient care."

InnerSpace specializes in healthcare storage products that deliver optimal storage solutions throughout every room in the hospital, saving space, time, and money.

About InnerSpace
InnerSpace, a division of The Stanley Works, is a market leader in storage and inventory solutions for the healthcare industry. For more than 20 years, Stanley InnerSpace has specialized in providing storage cabinets and casework, open shelving and storage racks, mobile supply and procedure carts, and clinical inventory management/RFID systems to medical facilities worldwide. Stanley InnerSpace is headquartered in Grand Rapids, Mich. For more information, call 800.900.4714 or visit StanleyInnerSpace.com.