Shares of medical and rehabilitation equipment manufacturer, Dynatronics (NASDAQ: DYNT) are surging premarket after the company yesterday announced that its wholly-owned subsidiary, Bird & Cronin, renewed its purchasing agreement with Intalere.
Bird & Cronin has been an Intalere preferred provider for over twenty years.
As part of the deal, Intalere members will receive negotiated pricing on Bird & Cronin’s full line of orthopaedic bracing solutions for spine, upper and lower extremities. These include products such as the Sprint air walker boot and U2TMwrist brace.
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Intalere has more than 100,000 members from healthcare organisations across the United States, with members making nearly $9 billion in purchases annually.
“The twenty-plus year relationship with Intalere has allowed Bird & Cronin to provide healthcare providers with Bird & Cronin’s high-quality products at the right cost,” said John Krier, CEO of Dynatronics.
Dynatronic’s shares are trading 142% higher premarket, at $3.10, following Wednesday’s 5% increase to $1.28 per share.