SOURCE: Novation

September 27, 2007 10:48 ET

Novation's New Cardiovascular Portfolio Offers Alliance Member Hospitals $267 Million in Total Savings

Novation's Cardiovascular Portfolio Is the Largest in the Industry

IRVING, TX--(Marketwire - September 27, 2007) - Novation, LLC, the health care contracting services company of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances, has awarded 33 multi-source agreements for a broad range of cardiovascular products to its new cardiovascular portfolio, which could provide up to $267 million in total savings for alliance member hospitals.

"Novation offers the largest and most comprehensive cardiovascular portfolio in the industry," said Dan Sweeney, senior vice president, contract and program services at Novation. "We work continuously to provide our hospital alliance members with the best prices on the latest technologies available."

Thirty-three agreements were awarded to 13 companies and the agreements take effect Oct. 1, 2007 and run through Sept. 30, 2010. Product categories include electrophysiology, percutaneous coronary intervention, coronary diagnostic, vascular closure devices, peripheral interventional, peripheral diagnostic, thrombus management, neuro interventional and cardiac rhythm management.

The new agreements include the following companies and products:

          PRODUCT CATEGORY                          SUPPLIER(S)


Electrophysiology

Diagnostic Catheters                           Bard EP
Ablation  Catheters                            Boston Scientific
Mapping Catheter

Percutaneous Coronary Intervention

Stents                                         Abbott Vascular
PTCA Balloon Catheters                         Boston Scientific
Cutting Balloon Catheters                      Medtronic
Interventional Guide Wires & Catheters

Coronary Diagnostic

Coronary Angiographic Catheters and Wires      Abbott Vascular
Sheaths/Introducers                            Boston Scientific
Biopsy Forceps                                 Medtronic
Cath Lab Accessories                           Merit Medical
                                               Terumo

Vascular Closure Devices

Vessel Closure Devices - Collagen              Abbott Vascular
Vessel Closure Devices - Other
Hemostatic Patches                             Cardiva Medical

                                               Marine Polymer Technologies

                                               TZ Medical

Peripheral Interventional

Peripheral Stents                              Boston Scientific
Carotid Stents                                 ev3
PTA Balloon Catheters                          Medtronic
IR Cutting Balloons






          PRODUCT CATEGORY                          SUPPLIER(S)


Interventional Guide                           Abbott Vascular
                                               Bard Peripheral
                                               Cook Medical

Peripheral Diagnostic

Peripheral Angiographic Catheters              Boston Scientific
Diagnostic Wires                               Cook Medical
Sheaths/Introducers                            Merit Medical
                                               Terumo

Thrombus Management

Vena Cava Filters                              Bard Peripheral
Distal Protection Filters                      Boston Scientific
Drainage Catheters                             Cook Medical
Infusion Catheters                             ev3
                                               Merit Medical

Neuro Interventional

Neuro Coils                                    Boston Scientific
Microcatheters                                 ev3
Neuro Interventional Wires

Cardiac Rhythm Management

Pacemakers                                     Boston Scientific (Guidant)
Cardiac Resynchronization Therapy
Pacemakers (CRT-P)                             Medtronics
Automated Implantable Cardiac
Defibrillators (AICD)
Cardiac Resynchronization Therapy
Defibrillators (CRT-Ds)
Leads Accessories


About Novation

Based in Irving, Texas, Novation is the leading health care contracting services company, delivering unmatched savings and value to nearly 2,500 members of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances and 10,000 members of Provista, LLC (formerly known as Healthcare Purchasing Partners International, LLC (HPPI)). Through its competitive bid process, Novation develops and manages contracts with more than 500 suppliers, both large and small. By combining scale and agility with clinical knowledge and product expertise, Novation offers the most extensive range of advanced contracting services, including: contract development, contract and supplier management, custom contracting, enhanced savings programs, online contract management and analytical tools, order management and online supplier connectivity. VHA, UHC and Provista members used Novation and alliance purchased services contracts to purchase $31.6 billion in 2006.

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