Healthcare Industry News: Novation
News Release - February 1, 2008
Novation First Group Purchasing Organization (GPO) to Have a National Agreement With Medtronic for the Endeavor(R) Zotarolimus-Eluting Coronary StentIRVING, TX--(Healthcare Sales & Marketing Network)--Feb 1, 2008 -- Novation, LLC, the health care industry's leading contracting services company of VHA Inc. and the University HealthSystem Consortium (UHC), today announced that it is the first group purchasing organization (GPO) to have a national agreement with Medtronic for the EndeavorŪ Zotarolimus-Eluting Coronary Stent, the newest drug-eluting coronary stent on the U.S. market. On contract with Novation the day it received FDA approval, the Endeavor system represents a new generation platform for DES stents. It is the first U.S. commercially available DES built on a thin strut cobalt alloy platform -- the highly deliverable DriverŪ bare metal stent. This new platform offers improved deliverability and conformability in challenging anatomy. The contract is effective Feb. 1, 2008 - Sept. 30, 2010.
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 nearly 9,000 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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