DUBLIN, Ohio, June 5 /PRNewswire-FirstCall/ -- Cardinal Health, Inc. , the leading provider of products and services supporting the health-care industry, today announced it has signed a five-year agreement with Novation, the health-care contracting services company of VHA, Inc. and the University HealthSystem Consortium (UHC) to distribute medical and surgical products. The new contract extends a long-term relationship between Novation and Cardinal Health.
Under terms of the multi-source agreement, Cardinal Health will provide medical and surgical products and logistics services to Novation members including stockless and Just-In-Time delivery programs, customized pallet design, and patient labels and bar-coding services. The contract is effective September 1, 2006 and runs through August 2011.
VHA's and UHC's 2,500 members will have access to Cardinal Health's full offering of medical and surgical products including kits, packs and trays; sutures, woven and nonwoven goods; needles and syringes; respiratory devices and skin care products. Cardinal Health will support Novation's supply standardization programs and participate in periodic reviews of products and pricing with Novation.
"This is a vote of confidence in our company and the value of our products and services for health-care facilities nationwide," said Jim Neubauer, Cardinal Health's vice president of Health Systems. "We are pleased to continue building on our long-term relationship with such a valuable customer."
About Novation
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. Through its public competitive bid process, Novation develops and manages contracts with more than 700 suppliers, both large and small. By combining scale and agility with clinical knowledge and product expertise, Novation offers the most extensive range of innovative 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 and UHC members used Novation's contracts to purchase more than $25 billion in supplies in 2005.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. is a $75 billion, global company serving the health-care industry with a broad portfolio of products and services. Through its diverse offering, Cardinal Health delivers integrated health-care solutions that help customers reduce their costs, improve efficiency and deliver better care to patients. The company manufactures, packages and distributes pharmaceuticals and medical supplies, offers a range of clinical services and develops automation products that improve the management and delivery of supplies and medication for hospitals, physician offices and pharmacies. Ranked No. 19 on the Fortune 500, Cardinal Health employs more than 55,000 people on six continents. More information about the company may be found at www.cardinalhealth.com.
Cardinal Health, Inc.
CONTACT: Donna Gaidamak, Cardinal Health, Inc., +1-847-578-4434,donna.gaidamak@cardinal.com
Web site: http://www.cardinalhealth.com/
