History and Philosophy

Our History

Founded during the 1979 Middle Atlantic Health Congress, Mid-Atlantic Group Network of Shared Services (MAGNET) was created to develop contracts on behalf of its members in the niche market of capital equipment.

Today, MAGNET GROUP serves approximately 9,000 providers, including hospitals, alternate care facilities, physician practices and clinics.  As a specialty Group Purchasing Organization (GPO), our portfolio is focused on capital and small medical equipment, facilities related products, select medical products, HR services, technology, and purchased services.

Our Philosophy

In order to respond to the continuing evolution of the American healthcare delivery system, MAGNET GROUP welcomes direct input of needs from healthcare providers and their user networks.

In addition to MAGNET GROUP’s portfolio of well-known brands, we are constantly searching for new, innovative products and services to offer to our facility members. MAGNET GROUP believes that each facility knows what is best for the populations they serve. We also believe that purchasing options and flexible participation requirements allow our facility members to adapt their purchasing habits as their needs change.

MAGNET GROUP facility members choose from over 200 no-hassle GPO contracts –without volume compliance or bundled services issues – and never pay membership dues or fees.

With a carefully structured process for contract development consisting of a dedicated Staff, Contracts Committee and Board of Directors, MAGNET GROUP’s facility members are assured access to industry leaders and a progressive, responsive program focused on meeting the comprehensive purchasing needs of ALL healthcare providers.