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

 

NEWS RELEASE

Novation Signs Agreement with MedVantage Inc. Through Its Supplier Diversity Program

IRVING, TX; March 21, 2007 — Novation, the health care services company of VHA Inc., and the University HealthSystem Consortium (UHC), two national health care alliances, has signed an agreement with MedVantage Inc., for sterilization load labeling, patient charge labeling and tray tracking. The agreement is effective now through February 28, 2010.

The agreement was awarded through Novation’s Supplier Diversity Program which is committed to supporting and creating opportunities for certified minority, women and veteran-owned businesses that meet high-quality standards.

In 2006, Novation’s Supplier Diversity Program generated more than $75 million in member purchases. The program has generated $230 million in purchases for diversity suppliers since its inception in 1999.

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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

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