SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 20, 1997
Mallinckrodt Inc.
(Exact name of registrant as specified in its charter)
New York 1-483 36-1263901
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
7733 Forsyth Boulevard, St. Louis, MO 63105-1820
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, (314) 854-5200
including area code
Item 5. Other Events
A press release was issued May 20, 1997. The relevant portion of
that release was as follows:
PREMIER, INC., SELECTS MALLINCKRODT AS CORPORATE PARTNER
ST. LOUIS, Mo., and SAN DIEGO, Calif., May 20, 1997 - Premier, Inc.,
the nation's largest healthcare alliance, has named Mallinckrodt Inc.
(NYSE:MKG) as its newest corporate partner. Premier represents about
30 percent of the hospital purchasing power in the United States, and
a corporate partnership is the most prestigious of relationships
Premier offers companies such as Mallinckrodt.
As a result of the partnership, all existing sole-source
agreements between Mallinckrodt and Premier, which cover X-ray
contrast media, radiopharmaceuticals and other specific hospital
products for intensive care units and emergency and operating rooms,
will be extended in duration to seven years beginning July 1, 1997.
The partnership includes substantial across-the-board savings on all
products for Premier members.
"The selection of Mallinckrodt as a corporate partner is a
reflection of the company's willingness to be proactive, flexible and
innovative," said Lynn Detlor, president, Premier Purchasing
Partners, L. P. "Mallinckrodt has consistently responded to the
needs of our members and supported and customized its various
programs that bring benefit to our membership. Our working
relationship has been outstanding."
C. Ray Holman, chairman and chief executive officer of
Mallinckrodt, said: "We are pleased to see our ever-expanding
relationship with Premier culminate in this new level of business
alliance. We are committed long-term to Premier and anticipate
delivering extraordinary benefit to Premier members by providing
cost-effective products and services that contribute significantly to
reduced healthcare costs."
As a corporate partner, Mallinckrodt's products will be used
preferentially by Premier members, who will receive improved value
and broad access to services and new technology. To be considered
for a Premier corporate partnership, a company must meet a variety of
criteria, including a broad portfolio of products and services and
leading edge technology. Currently, fewer than 10 major corporations
have been selected as Premier corporate partners.
Mallinckrodt Inc. serves healthcare and specialty chemicals
markets worldwide. The company is a major producer of diagnostic
imaging agents, medical devices, pain relief pharmaceuticals,
catalysts, and laboratory and microelectronic chemicals. The St.
Louis, Missouri-based company, with fiscal 1996 net sales of $2.2
billion, sells more than 1,000 products in more than 100 countries.
The Mallinckrodt web site address is (www.mallinckrodt.com).
Premier maintains major offices in Charlotte, N. C., Chicago,
Ill., San Diego, Calif., and Washington, D. C., to serve its 240
owners and the 700 hospitals and healthcare facilities they operate,
and approximately 1,100 other affiliated hospital and healthcare
organizations. Group purchasing of supplies, pharmaceuticals and
equipment is one of the major programs Premier operates to support
its owners' and affiliates' efforts to hold down healthcare costs,
improve quality and stay ahead of advances in clinical knowledge,
technology and market changes such as managed care.
# # #
Mallinckrodt Inc.
ROGER A. KELLER
Vice President, Secretary
and General Counsel
DATE: May 21, 1997