Novation Home
 
Proven Pricing - Proven Portfolios - Proven Support
MEDIA / PUBLIC AFFAIRS
 
 
 
 
MEDIA CONTACT
  Kathryn Goldstein
Director, Public Relations
(972) 581-5529
kgoldste@novationco.com

 

NEWS RELEASE

Novation Signs New Technology Agreement with ev3 Inc.

Agreement Makes Latest Treatment for Brain Aneurysms Available to Hospitals

IRVING, TX; March 7, 2007 — Novation, the health care contracting services company of VHA Inc., and the University HealthSystem Consortium (UHC), two national health care alliances, has signed a single-source, new technology agreement with ev3 Inc. for its Onyx® Liquid Embolic System.

The agreement is effective now through February 28, 2010. The agreement was awarded through Novation’s new-technology evaluation process, which accelerates the review process so new and improved technologies do not have to wait for a scheduled competitive bid. The process allows VHA and UHC members speedier access to savings on the latest FDA approved medical technology.

The Onyx Liquid Embolic System is a liquid embolic material that is delivered by neurovascular specialists through micro catheters directly into a vascular defect such as a brain aneurysm or arterio-venous malformations (AVMs), blood vessel networks that abnormally connect arteries to veins that can result in a hemorrhage or rupture in the brain.

Once administered, the liquid transforms into a solid polymer cast, thereby sealing off the vessels in the AVM from the blood flow and reducing the risk of rupture. Onyx is indicated for use in pre-surgical embolization of brain AVMs.

###

About Novation
Founded in 1998, Irving, Texas-based, 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 12,000 members of Provista, LLC. Through its competitive contracting process, Novation develops and manages contracts with more than 500 suppliers. 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 contracts to purchase more than $33.1 billion in 2007.

Media Contact
Kathryn Goldstein
Director, Public Relations
Novation
(972) 581-5529
kgoldste@novationco.com

< Back Print Print This Page