The new company will be called TecSol-GHX and will be headquartered in Thetford in Norfolk. Both Global Healthcare Exchange Europe GmbH (GHX Europe) and TecSol have independently provided eCommerce and supply chain services to NHS hospitals and their suppliers.

By combining resources, we will be able to provide an even higher level of service to our customers in the UK in a more cost effective manner, says Roy McDonald, current TecSol Managing Director, who will continue in the same role with the new company.

As an independent company, TecSol-GHX will benefit both hospitals and suppliers by increasing supply chain efficiencies through eCommerce and process automation. The two companies currently serve approximately 90 hospitals and 115 suppliers in the UK. Existing customers of GHX Europe in the UK will be able to conduct eCommerce through the new company with minimal disruption in service, and all participants will have access to more of their trading partners through a single connection point.

Suppliers participating in the new company include major healthcare suppliers, as well as smaller companies operating solely in the UK, and buying and supply chain logistics organisations and individual shareholders.

TecSol offers a software product known as PowerGate, which is an eCommerce-based purchasing system incorporating web-based requisitioning, bar-code data-capture and stock-control, through to purchasing, receipting and invoice-matching. Focused on NHS hospital procurement needs, PowerGate can also meet the demands of today’s e-commerce world by facilitating e-trading with suppliers through The NHS Pharmacy Messaging Service.

The new company will also have access to technology developed by GHX Europe, based in Leverkusen, Germany, as well as Global Healthcare Exchange’s North American operation (GHX), which is headquartered in Westminster, Colo.

With strong support from medical suppliers representing the vast majority of products purchased regularly by hospitals, GHX has developed advanced services to cleanse and synchronize buyer and seller product data and thereby minimize purchasing errors. While Tecsol-GHX will address the needs of provider and supplier organisations in the UK, GHX Europe will continue to focus on the healthcare supply chain in countries on the European continent, including Austria, Belgium, France, Germany, Netherlands, Switzerland and Portugal.