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(Logo: http://www.newscom.com/cgi-bin/prnh/20051202/PHARMEDIUMLOGO)
The agreement applies to the full line of outsourced compounded drugpreparations used by Novation, the industry's leading contracting servicescompany, with more than 2,500 members and affiliates of VHA Inc. and theUniversity HealthSystem Consortium (UHC) and more than 12,000 customers ofProvista, a multi-industry group purchasing organization. PharMEDium servicesmore than 1,800 hospitals across the United States.
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"We are excited to add PharMEDium's outstanding record of quality,customer service, and experience to our organization's contract portfolio onbehalf of the members of our alliances," said Ross Day, R.Ph. NovationPortfolio Executive. "PharMEDium is a leader in this business segment and weare excited to partner with PharMEDium in furthering our dedication todelivering the best patient care backed and enhanced by market-leadingsuppliers."
"Novation's longstanding reputation and leadership are well-known acrossthe industry, and PharMEDium is extremely pleased to be its partner," saidDavid Jonas, PharMEDium's Chairman and Chief Executive Officer. "We areexcited to work with an organization that shares our values around quality,safety, service, and leadership," he added.
About Novation
Founded in 1998, Irving, Texas-based, Novation is the leading health carecontracting services company, delivering unmatched savings and value to nearly2,500 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 andmanages contracts with more than 500 suppliers. Novation offers the mostextensive range of advanced contracting services, including: contractdevelopment, contract and supplier management, custom contracting, enhancedsavings programs, online contract management and analytical tools, ordermanagement, and online supplier connectivity. VHA, UHC, and Provista membersused Novation contracts to purchase more than $33.1 billion in 2007.
About PharMEDium Services, LLC
For more than 15 years, PharMEDium is the leading National provider ofpharmacy outsourced sterile I.V. compounding services. PharMEDium is theleading nationwide network of state licensed and federally registeredcompounding centers providing trusted solutions to more than 1,800 hospitalsthroughout the United States. The company complies with all applicable statelaws and FDA regulations, including USP Chapter < 797 >, and DEA requirements.
SOURCE PharMEDium
