Orthofix International N.V. (Orthofix), an orthopedic medical device company, said its sport medicine division, BREG Inc., signed an expanded three-year supply agreement with Novation LLC (Novation) a contracting services company and affiliates of VHA Inc. and the University HealthSystem Consortium as well as over 12,000 customers of Provista. As per agreement, BREG will continue to supply Novation with its comprehensive lines of functional, OA, patellofemoral and postoperative knee braces.
Further, under this new agreement BREG will also provide the VHA, UHC and Provista member hospitals with its bracing products for the upper and lower extremities, including shoulder bracing, walkers and ankle bracing. VHA, UHC and Provista members purchased more than $35 billion in supplies through Novation contracts in 2008.
“We are excited to not only continue our relationship with Novation, but to expand the bracing products available to patients at their member health care facilities around the country under this new agreement,” said Alan Milinazzo, president and chief executive officer of Orthofix. “Novation is highly regarded for providing clinical knowledge and product expertise to their members nationwide, and we are pleased to continue working with them as a partner.”
The company said it received the contract based on the competitive bid process. The three-year supply agreement will become effective June 1, 2009.