SOURCE: Novation

March 21, 2007 13:30 ET

Novation Signs Agreement With MedVantage Inc. Through Its Supplier Diversity Program

IRVING, TX -- (MARKET WIRE) -- March 21, 2007 -- Novation, the health care services company of VHA Inc., and the University HealthSystem Consortium (UHC), two national health care alliances, has signed an agreement with MedVantage Inc., for sterilization load labeling, patient charge labeling and tray tracking. The agreement is effective now through February 28, 2010.

The agreement was awarded through Novation's Supplier Diversity Program which is committed to supporting and creating opportunities for certified minority, women and veteran-owned businesses that meet high-quality standards.

In 2006, Novation's Supplier Diversity Program generated more than $75 million in member purchases. The program has generated $230 million in purchases for diversity suppliers since its inception in 1999.

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 Health System Consortium (UHC), two national health care alliances. 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 innovative 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 and UHC members used Novation's contracts to purchase more than $25 billion in supplies in 2005.

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