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February 11, 2016 2:58 AM 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: 49
Chief Financial Officer and Vice President
Age: 47
Group Senior Vice President of Sourcing Operations
Senior Vice President of Sourcing Operations
Senior Vice President of Sourcing Operations
Compensation as of Fiscal Year 2015.

Novation, LLC Key Developments

Novation Expands the Novaplus Sandbox Medical Contract

Novation has expanded their NOVAPLUS Sandbox Medical contract to include several new items that aid in neonatal development. According to the March of Dimes® about 450,000 babies are born prematurely each year in the United States. The products developed by Sandbox Medical address the very unique needs of these premature babies, their caretakers and medical professionals. The NOVAPLUS agreement is expanding to include the CuddleStarTM pacifier stabilizer, which can keep pacifiers safely in place for even the smallest preemies, with soft and pliable multiple arms for the baby to grasp or cuddle. Also new to the portfolio is SweetUmsTM sucrose solution, which is available preserved or preservative-free, JelliesTM gel positioning aid, as well as the BoogieBabyTM nasal aspirator.

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.

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