Healthcare Industry News: Novation
News Release - June 30, 2009
MMDI Announces Agreement with Novation to Supply the Rebound HRD(R)MINNEAPOLIS, MN, June 30, 2009 – (HSMN NewsFeed) - Minnesota Medical Development, Inc. (MMDI) today announced that it has been awarded an agreement under Novation’s “New Medical Technology” program to supply its Rebound HRD and Rebound HRD V (hernia repair devices) to their alliance members, which includes: acute hospitals and systems, academic medical centers and ambulatory care facilities. The Rebound HRD and HRD V are intended to assist in the repair and/or reinforcement of hernia or other soft tissue defects where weakness exists and where the support of a nonabsorbable material is preferred.
The Rebound HRD and HRD V are self-expanding Nitinol framed/surgical mesh medical devices designed for the laparoscopic repair of inguinal, ventral and incisional hernias. The super-elastic Nitinol frame allows the device to be folded and inserted laparoscopically through an access port or small incision. Once deployed, the device fully unfurls or “rebounds” back to its original shape – ready for quick and easy placement over the hernia defect. The Rebound HRD and HRD V shorten operating times by either eliminating or reducing fixation, respectively, and organizing the mesh during the procedure. Preliminary surgeon usage of the Rebound HRD V shows that the procedural time may be reduced by as much as 50% in some cases. Although the devices are ideally suited for laparoscopic surgery, they may also be placed via an open incisional approach.
“We feel very fortunate to be in a position that allows us to actively market the Rebound HRD and Rebound HRD V to Novation’s alliance members under their ‘New Medical Technology’ program agreement. Earlier this year we were invited to the Novation vendor product fair and given an opportunity to present to Novation’s Member Council. After clearly demonstrating the features and benefits of the Rebound HRD, the council convened and decided to move forward with awarding a contract,” said MMDI Chief Marketing Officer, Steve Nuss.
Additional information can be obtained by contacting Steve Nuss, Chief Marketing Officer at 763-354-7105 or email@example.com. You may also visit our website at: http://www.2mdinc.com
MMDI was established in 2001 and is based in Plymouth, Minnesota. Located in the heart of Minnesota’s “Medical Alley”, MMDI has access to some of the world’s finest medical product development, manufacturing and marketing resources. The Company’s primary objective is to identify, develop, patent and manufacture unique medical devices that provide significant clinical benefits and market opportunities.
Novation is the industry’s leading contracting services company that delivers unmatched savings to more than 25,000 members and affiliates of VHA Inc. and the University HealthSystem Consortium (UHC) and more than 15,000 Provista customers. By combining scale and expertise with data-driven tools and information, Novation offers the most extensive range of advanced contracting services in the industry. VHA, UHC and Provista members used Novation and alliance contracts to purchase $35.6 billion in supplies and services in 2008.
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