Healthcare Industry News: Novation
News Release - June 18, 2007
Teleflex Medical Awarded Five New Respiratory Care Agreements with NovationRESEARCH TRIANGLE PARK, N.C.--(HSMN NewsFeed)--Teleflex Medical announces it has been awarded five new respiratory care agreements with Novation, the health care contracting services company of VHA Inc. and the University HealthSystem Consortium (UHC).
Teleflex Medical received the contracts as a result of Novation's competitive bid process, along with input from the Novation Respiratory Clinical Advisory Council. The agreements are effective July 1, 2007, and run through June 30, 2010.
The agreements include:
- Routine respiratory disposables, including masks, cannula, tubing, bubble humidifiers, pre-filled large volume aerosol nebulizers, aerosol drain systems and unit dose solutions
- Ventilator disposable products, including those pertaining to active humidification, passive humidification/HME, bacterial/viral filters, heated wire and conventional disposable ventilator circuits
- Peak flow meters
- Small-volume nebulizers, and
- Nasal and oral airways, including nasopharyngeal airways and oropharyngeal airways.
Teleflex Medical, a division of Teleflex Incorporated with 2006 revenues of over $850 million, is a leading global supplier of disposable medical products, surgical instruments and medical devices. The division supports health providers along the continuum of care in three main areas:
- Devices for sleep therapy, respiratory care, anesthesia and urology
- Instruments, medical devices and specialty suture used in surgery
- Design and manufacture of specialty products for medical device manufacturers
About Teleflex Incorporated
Teleflex Incorporated (NYSE:TFX ) is a diversified company with annual revenues in 2006 of more than $2.5 billion. Teleflex designs, manufactures and distributes quality-engineered products and services for the aerospace, automotive, industrial, marine, and medical markets worldwide. Headquartered in Limerick, Pa., with operations in 23 countries, Teleflex employs more than 19,000 people worldwide who focus on providing innovative solutions for customers. Additional information about Teleflex can be obtained from the company's website at www.teleflex.com.
HudsonRCI®, Deknatel® and Taut(TM) are trademarks or registered trademarks of Teleflex Medical Incorporated. Beere®, KMedic®, Pilling® and Weck® are registered trademarks of Teleflex Incorporated. Rusch® is a registered trademark of Willy Rusch GmbH.
Based in Irving, Texas, Novation is the leading healthcare 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 nearly 9,000 members of Healthcare Purchasing Partners International (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 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, UHC and HPPI members used Novation and alliance purchased services contracts to purchase $31.6 billion in supplies in 2006.
Source: Teleflex Medical
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