Broadlane announced that Progressive Healthcare, Inc., Johns Island, South Carolina, has selected Broadlane to provide an array of supply chain services under an exclusive agreement. Financial terms were not announced.

Progressive Healthcare, Inc. owns and operates Long Term Acute Care (LTAC) hospitals. Under the agreement, Broadlane will provide Progressive Healthcare with its high-powered national supply chain services for consumable supplies and equipment, pharmaceuticals and purchased services and technology to help them manage their supply spend.

Progressive Healthcare will be opening three new facilities within the next 12 months. Each new facility will consume approximately $2.4M dollars annually in supplies.

As a fast-growing, new company, Progressive Healthcare had the opportunity to choose any GPO as our supply chain partner, however Broadlane's reputation for results and integrity made them the perfect partner for us," said Herb Iwer, Progressive Healthcare's chief executive officer.

"Our clients come in all sizes," said David C. Ricker, Broadlane's president and chief operating officer. "While we serve some of the largest systems in the industry, new companies like Progressive are just as important to our client base. We plan to grow with them."