BOSTON, Nov. 7, 2012 (GLOBE NEWSWIRE) -- Griffin Hospital announced its recent partnership with TopSource LLC, a Boston-based sourcing company that assists retail and wholesale companies manage procurement cost across hundreds of indirect products and services. TopSource is a division of Topco Associates LLC, the largest cooperative buying organization for retail food in the United States. Beyond grocery and food-service clients, TopSource has successfully expanded its customer base to include convenient stores, drug stores, restaurants, other retailers, and now its first healthcare organization. TopSource's breadth of products and services span across multiple industries which can support companies in a variety of business areas such as professional and operational services, packaging, marketing, IT/Telecommunications and more.
Headquartered in Derby, Connecticut, Griffin Hospital is a 160-bed acute care community hospital serving more than 100,000 residents of the Lower Naugatuck Valley Region of CT. In addition, Griffin Hospital serves as the flagship hospital for Planetree, an international leader in patient-centered care and has received national recognition for creating a facility and approach to patient care that is responsive to the needs of patients.
For Griffin Hospital, the areas of business supported by TopSource is a strong fit to create greater efficiencies and control indirect expenses in non-medical related items. Patrick Charmel, President and CEO for Griffin Hospital talks openly regarding the recent partnership with TopSource, "Griffin was looking to manage costs in several areas through consolidated purchasing efficiencies especially outside of medical supplies and services. Our procurement group was impressed with the TopSource team's expertise and years of experience in sourcing and category management. We are confident TopSource can help us maximize savings as we overlap in several procurement areas." stated Charmel.
John Latham, director, business development of TopSource looks forward to working with the team at Griffin Hospital. In support of the new partnership, Latham said, "I am extremely excited to announce our partnership with Griffin Hospital not only as our first healthcare customer but the opportunity to demonstrate significant savings opportunities to such a leading organization in the medical community. Griffin has similar indirect sourcing needs that are at the very core of what TopSource does and we look forward to getting things moving. We were able to introduce and demonstrate the competitive savings advantage that TopSource delivers to its customers on a daily basis. Together, we have already identified many areas that may make sense for Griffin."
In conjunction with strategic supplier partners, Griffin Hospital and TopSource believe significant opportunities exist to work together to add efficiencies to Griffin Hospital's purchasing decisions outside of medical related products and services. Leveraging the purchasing power of its 60+ customers, TopSource is working closely with the Griffin Hospital team to deliver savings in several business areas. Initiatives are currently being evaluated.
About TopSource
TopSource is a wholly owned subsidiary of Topco Associates LLC, the largest cooperative buying organization in retail food. By applying a structured sourcing process and through spend aggregation, TopSource assists premier grocery, retail and wholesale companies realize significant savings in the area of Not-For-Resale (NFR), often called indirect spend. Across twelve NFR categories, TopSource has saved its customers an average of 13% on an annual basis in areas such as store equipment, office products, packaging, IT/Telecom, construction, logistics & distribution, marketing, health care, utilities and hired services. To learn more about TopSource, visit www.topsourcellc.com.
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About Griffin Hospital
Griffin Hospital is recognized for its industry-leading patient satisfaction ratings and has received numerous quality and clinical excellence awards. It was the only Connecticut hospital named a "Top Quality Performer" on key quality measures by the Joint Commission in 2011, and remains the only hospital to be named on FORTUNE Magazine's "100 Best Companies to Work For" list for ten consecutive years. To learn more about Griffin Hospital, visit www.griffinhealth.org.
The Griffin Hospital Logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15617