Bionexo invests 1 million Euros in Spain

Bionexo , the biggest community for electronic hospital purchases in Latin America, strengthens its expansion plan into Europe and invests 1 million Euros in Spain, which holds a market of 700 hospitals. Bionexo, which began its operations in the European market in 2007, also plans to operate in countries within the Iberian Peninsula, such as Portugal. In Latin America, it has a unit in Argentina and will start operating in Mexico at the beginning of 2008.

In Brazil, Bionexo has witnessed an increase of 50% in the online transaction volume in the last 12 months. In 2006, the financial activity amounted to US$ 270 million, and in 2007 it reached US$ 335 million. At present, Bionexo integrates 250 associated hospitals and 3,000 suppliers in Brazil and in Argentina.

Bionexo spotted e large European market, which feels the need to modernize purchase management as a way to reduce spending on healthcare and improve the quality of the service offered. According to Bionexo's executive Mauricio De Lazzari Barbosa, Bionexo's purchase platform for hospital assets and medications is an alternative for the sector.

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