PSS World Medical Looks to Expand | Business

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PSS World Medical Looks to Expand
Business, Health

JACKSONVILLE, Fla. -- PSS World Medical (PSSI), a publicly traded company based in Jacksonville, specializes in providing medical supplies to doctors and care providers.

The company is also expanding into a "professional services company," according to PSS CEO Gary Corless.

Corless said PSS wants to help caregivers manage their business.  "They're trained in healthcare but they don't spend that much time on the business side.  So PSS is truly understanding their business and then being able to bring things to them to be able to strengthen their business."

PSS started in Jacksonville in 1983.  Now, there are 4000 employees company wide and 800 in Jacksonville.

The $2 billion a year business has two redistribution centers. 

One of the centers is on the west coast and the other in Jacksonville on the Northside.

"This is the hub and it distributes to 42 facilities across the market that serves those markets for us," said Robert Weiner, VP of PSS World Medical Investor Relations. 

You'll  find thousands of medical items in the 185,000 square foot facility including surgical tape, alcohol pads and thermal paper. 

The number one product  PSS ships is latex gloves. Doctor's offices and eldercare facilities in America make up PSS's 135,000 customers.

Crucial Care Emergency Medical Doctors in Jacksonville is a client. 

"We have almost a thousand items in our inventory and upwards of 600 of them we are ordering every month or so. So we need an operator and distributor that can provide us with all the medical supplies.  PSS is able to do that," said Crucial Care CEO Mike Shumer.

Corless said PSS has a three-year growth plan to strengthen the financial health and success of caregivers. 

It also is expanding its private labels. The company sold $334 million worth of its private label products last fiscal year. Corless said the company wants to reach $500 million private label sales by fiscal year 2014. 

As the population ages PSS's business will likely grow.  

More medical supplies will be needed and PSS hopes more doctors will need its advice to negotiate through the health care maze.  

Business, Health

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