syncreon Increases Healthcare Scope

January 2010 – Auburn Hills, MI, USA

syncreon, a provider of highly customized supply chain and integrated logistics solutions, today announced that the Principals of H3 Logistics, LLC have joined syncreon’s global organization.

H3 Logistics is a third-party logistics (3PL) and supply chain engineering company providing solutions to the healthcare industry. Integrating the service offerings of H3 Logistics provides syncreon capabilities to improve the service and cost structure of supply chains for healthcare providers and supply vendors as the need for logistical support extends beyond a health system’s acute care setting to their ambulatory care, episodic care, and post-acute care delivery points. It strengthens syncreon’s offerings and expands end markets served to include healthcare providers.

Brian Enright, President & CEO of syncreon, said, ”This is an important addition to syncreon as we continue our expansion in, and service offerings to, the Healthcare Industry. H3 Logistics services add considerably to our capabilities. It continues to build upon syncreon’s core differentiator - flexible and customized solutions for our customers”.

About syncreon

syncreon is a global contract logistics and supply chain management company that uses its asset-light business model to provide specialized transportation, inbound, outbound, and fulfillment logistics services. These services are fully integrated into their customers’ supply chain and final end-client delivery.

With its operational HQ in Auburn Hills, MI., syncreon has activities in 20 countries, with over 60 facilities and approximately 9,500 employees. syncreon is owned by Irish businessmen Michael & Brian Enright and New York based private equity firm, GenNx360 Capital Partners. For more information please visit, www.syncreon.com.

About H3 Logistics

H3 Logistics is a third-party logistics (3PL) and supply chain engineering company. H3 Logistics designs and implements supply chain solutions for independent hospitals, health systems and collaborations of unaffiliated healthcare providers. www.H3Logistics.com.

About GenNx360 Capital Partners

GenNx360 Capital Partners is committed to delivering superior returns to investors in all its portfolio companies. The firm acquires companies with proven and sustainable business models in expanding industries and implements the required operating changes to deliver cost efficiencies and accelerated growth opportunities. The firm's proven business methodology is based on more than 100 years of partner experience successfully running global businesses. For more information please visit, www.gennx360.com. GenNx360 has been an investor in syncreon since March 2009