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April 25, 2015 10:07 PM ET

Healthcare Providers and Services

Company Overview of Novation, LLC

Company Overview

Novation, LLC operates as a health care supply chain analytics and contracting company. It delivers contract and price management, and spend management services; and offers alliance members with sourcing services, as well as information and data services. The company also provides white papers, reports, and industry surveys; advisory services; and a suite of custom sourcing and committed programs. In addition, it offers data management and resources to deliver insights and actionable data to clients; develops and manages competitive contracts with various suppliers by representing its customers to negotiate for prices of medical devices, goods, and devices; and eSourcing service, an electron...

290 East John Carpenter Freeway

Irving, TX 75062

United States

Founded in 1997

Phone:

972-581-5000

Fax:

972-581-5013

Key Executives for Novation, LLC

Chief Executive Officer and President
Age: 48
Chief Financial Officer and Vice President
Age: 46
Senior Vice President, General Counsel and Ethics & Compliance Officer
Group Senior Vice President of Sourcing Operations
Senior Vice President of Sourcing Operations
Compensation as of Fiscal Year 2014.

Novation, LLC Key Developments

Bacterin International Holdings, Inc. Announces Contract Extension with Novation

Bacterin International Holdings, Inc. announced that it has extended its contract with Novation for an additional year. The extension will allow Bacterin to continue to supply Novation members with OsteoSponge, OsteoSelect DBM Putty, and other proprietary Bacterin allografts. Novation develops and manages competitive contracts with more than 700 suppliers. As a biologic supplier, Bacterin is one of only three companies with a contract for demineralized bone matrix technologies and one of four allograft suppliers.

Novation Enters into First Sole-Source Heart Valve Agreement with Edwards Lifesciences

Novation and Edwards Lifesciences Corporation announced they have entered into a three-year, sole-source strategic relationship that provides 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.

Parkland Health & Hospital System Partners with UHC and Novation

UHC announced that Parkland Health & Hospital System has partnered with UHC and its supply contracting company, Novation, on a new three-year cost-saving initiative. UHC will provide a multitude of services and assistance, including UHC's comprehensive supply chain management suite-UHC Supply Chain Intelligence-to ensure the success of the initiative. UHC will continue to give Parkland access to Novation's price-competitive supply contracts and UHC's advanced supply chain analytics, consulting, and tools for improving supply utilization and standardization.

Similar Private Companies By Industry

Company Name Region
NewHope Bariatrics, Inc. United States
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Advanced Orthopedic Center, Inc. United States
Doctors Osteopathic Medical Center, Inc. United States
Genesis Surgery Center, LLC United States

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