Navigation Links
Novation Enters Into First Sole-Source Heart Valve Agreement With Edwards Lifesciences
Date:9/3/2014

IRVINE, Calif. and IRVING, Texas, Sept. 3, 2014 /PRNewswire/ -- Novation and Edwards Lifesciences Corporation (NYSE: EW) today announced they have entered into a three-year, sole-source strategic relationship that provides the world's market leading heart valve therapies to the more than 100,000 members and affiliates of VHA, UHC, Children's Hospital Association and Provista.

The new agreement with Edwards for its heart valve product portfolio enables Novation to enter the heart valve category for the first time, and expands on the previous relationship between the companies for critical care technologies.

"This heart valve agreement enables Novation to provide marked additional value to hospitals and their patients with Edwards Lifesciences' clinically proven, life-saving heart valve devices," said David Richman, vice president, Sourcing Operations, Novation.  "We are proud that Edwards believes in Novation's unique capabilities and we look forward to working with them to deliver value to the members we serve."

More than 100,000 heart valve procedures are performed in the United States every year.  There are more than 750 hospital facilities purchasing products via Novation contracts to perform heart valve surgeries and interventions.

"Edwards invests significantly in the development of new treatment options that can provide meaningful benefits to patients, and we look forward to working in partnership with Novation so that heart valve patients can get the treatments they need from Edwards' comprehensive valve portfolio," said Donald E. Bobo, Jr., Edwards' corporate vice president, heart valve therapy.

Novation awards product agreements to suppliers by using member-driven criteria and a weighted award decision tool that considers product specification, quality and patient safety, as well as financial factors.  This comprehensive competitive contracting process involves clinicians from participating member organizations to the greatest practical degree and follows established principles of the American Bar Association's Model Procurement Code.

About Novation, Winner of the Ethics Inside® Certification

Founded in 1998, Novation is a leading health care services company for the more than 100,000 members and affiliates of VHA Inc. and UHC, two national health care alliances, Children's Hospital Association, an alliance of the nation's leading pediatric facilities, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 700 suppliers. Members of VHA, UHC, Children's Hospital Association and Provista used Novation contracts to purchase approximately $49 billion in 2013. Novation has earned the coveted Ethics Inside Certification from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance. Novation was also named on Ethisphere's World's Most Ethical Companies list, and is the only company in the health care industry to earn both distinctions for three consecutive years. To learn more about Novation, please follow @NovationNews.

About Edwards Lifesciences

Edwards Lifesciences is the global leader in the science of heart valves and hemodynamic monitoring.  Driven by a passion to help patients, the company partners with clinicians to develop innovative technologies in the areas of structural heart disease and critical care monitoring, enabling them to save and enhance lives. Additional company information can be found at www.edwards.com


'/>"/>
SOURCE Novation
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. First Engineering Company/Incubator Combination in San Diego County, Foundry Medical Innovations, Opens in Carlsbad to Serve the Medical Device, and Diagnostic Community
2. Edison Nation Medical and AARC Team Up To Promote Innovation in Respiratory Care
3. Edison Nation Medical Launches Open Innovation Search to Uncover Innovative Senior Care Products
4. Frost & Sullivan: Multi-Modality Breast Imaging Systems Spur Innovations in Europe
5. BD - Together with Direct Relief and the National Association of Community Health Centers - Announce Winners of the 2014 BD Helping Build Healthy Communities(SM) Innovations in Care Awards
6. ACI Clinical: Innovation and Savings in Data Safety Monitoring Committees
7. Frost & Sullivan Recognizes Baxano Surgical as a Leader in MIS Spine Innovation
8. LabStyle Innovations Reports 2014 Second Quarter Results and Anticipated Milestones for the Remainder of the Year
9. Edison Nation Medical Announces Innovation Search To Improve Hazardous Waste Disposal in Hospitals & Healthcare Facilities
10. Driven By Product Innovations, the U.S. Drug Delivery Device Market Will Reach Over $4.5 Billion by 2022
11. Infinite Hero Foundation Announces Inaugural Veterans Innovation Summit for Investing & Technology (VISIT) to Improve the Lives of Military Veterans
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/5/2017)...  In response to the nationwide opioid epidemic, ... (AAOMS) released prescribing recommendations that urge ibuprofen – ... a first-line therapy to manage a patient,s acute ... Recognizing the value and importance of the ... Acute and Postoperative Pain Management" stresses that practitioners ...
(Date:10/2/2017)...  Eli Lilly and Company (NYSE: LLY ... quarter of 2017 on Tuesday, October 24, 2017. Lilly ... with the investment community and media to further detail ... will begin at 9 a.m. Eastern time. Investors, media ... of the conference call through a link that will ...
(Date:9/28/2017)... 2017 Cohen Veterans Bioscience and Early Signal ... wearable and home sensors for real-time monitoring of patients ... a nonprofit organization focused on disruptive health solutions for ... analytical system to record and integrate behavioral, cognitive, physiological ... ...
Breaking Medicine Technology:
(Date:10/12/2017)... ... 2017 , ... Dr. Parsa Mohebi, the Los Angeles based ... the newly revamped Cosmetic Town journal section, featuring articles written by ... as Follicular Unit Extraction (FUE). , Dr. Mohebi says “I enjoy ...
(Date:10/12/2017)... , ... October 12, 2017 , ... Leading pediatric oncology ... in Washington, D.C., for the 49th Congress of the International Society of Paediatric ... President of the Center for Cancer and Blood Disorders at Children’s National, ...
(Date:10/12/2017)... RAPIDS, Mich. (PRWEB) , ... October 12, 2017 ... ... Wellness, has been named one of Michigan’s 2017 Best and Brightest in Wellness® ... and Brightest in Wellness® awards program on Friday, Oct. 20 from 7:30 a.m. ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... $3,296 in property taxes a year. In some states—like New York, New Jersey, ... By contrast, many overseas retirement havens have extremely low property-tax rates, which contributes ...
(Date:10/12/2017)... ... 12, 2017 , ... Farm Forward joins Bon ... leading institutions in announcing the launch of the Leadership Circle , a ... are raised for food. , Founding members of the Leadership Circle also include ...
Breaking Medicine News(10 mins):