Novation Awards Cardiovascular Agreements

IRVING, Texas, Nov. 28, 2012  /PRNewswire/ -- Novation, the leading health care supply chain expertise and contracting company for the members of VHA Inc., UHC, Children's Hospital Association and Provista LLC, today announced that it has awarded cardiovascular agreements to industry leading suppliers.

The agreements are awarded to Abbott, Bard, Biotronik, Boston Scientific, Advanced Medical Systems, Cook Medical, Covidien, DeRoyal, Marine Polymer, Medrad Interventional, Medtronic, Merit Medical, Oscor, St. Jude and Terumo. The cardiovascular product categories include cardiac rhythm management (CRM), electrophysiology (EP), coronary, peripheral vascular, neuro interventional and vascular closure.  The agreements are effective for member hospitals beginning January 1, 2013.

The suppliers awarded in the individual categories are as follows:

"Because cardiovascular procedures are such a vital part of their daily health care delivery, members will spend more than $3.5 billion in 2013 on cardiovascular products with these awarded suppliers," said Michael Vintges, vice president, physician preference, sourcing operations, Novation. "Our cardiovascular portfolio delivers choice and value through the breadth of products offered with the various market leaders. Novation is committed to providing the industry's strongest terms, conditions and overall value to the hospital members we serve.  These agreements, negotiated through our member-driven public competitive bid process, offer member hospitals the products necessary to provide high-quality patient care."

About Novation, Winner of the Ethics Inside^® Certification

Founded in 1998, Novation is the leading health care supply chain expertise and contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, Children's Hospital Association, an alliance of the nation's leading pediatric facilities, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC, and Provista members used Novation contracts to purchase more than $40 billion in 2011. Novation recently earned the coveted Ethics Inside® Certification from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance.  Novation was also named on Ethisphere's World's Most Ethical Companies list, and is the only company in the health care industry to earn both distinctions.  To learn more about Novation, please visit www.novationco.com and follow @NovationNews. 

SOURCE Novation