Healthcare Industry News: Vital Signs Inc
News Release - September 27, 2006
Vital Signs Announces Three-Year Contract With Novation, Inc.TOTOWA, NJ--(Healthcare Sales & Marketing Network)--Sep 27, 2006 -- VITAL SIGNS, INC. (NASDAQ:VITL ) today announced the award of a three-year supply agreement with Novation, the health care contracting services company of VHA Inc. and the University Healthsystem Consortium (UHC). The agreement is effective for the period January 1, 2007 through December 31, 2009 and covers anesthesia breathing circuit systems. It also includes participation in the Novation Anesthesia Standardization Program which offers Vital Signs the opportunity to broaden its sales to Novation members by providing them with additional savings opportunities.
Vital Signs, Inc. and its subsidiaries design, manufacture and market primarily single-use medical products for the anesthesia, respiratory/critical care and sleep/ventilation markets, achieving the number one market share position in five of its major product categories. Vital Signs is ISO 13485 certified and has CE Mark approval for its products.
All statements in this press release (including statements statement regarding potential new sales opportunities) other than historical statements constitute Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from such statements as a result of a variety of factors, including difficulties in gaining additional market share through the Novation agreement, the reaction of competitors and the risk factors referred to by Vital Signs in its Annual Report on Form 10-K for the year ended September 30th, 2005.
Source: Vital Signs, Inc
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