KCI Chosen as Single Source Supplier of Negative Pressure Wound Therapy Products Now Available to More than 65,000 Members and Affiliates Served by Novation
KCI Awarded Three-Year, Single Source Contract by Novation for NPWT Products
SAN ANTONIO—March 1, 2012— Kinetic Concepts, Inc., a global technology leader in wound care and therapeutic support systems, today announced it has been awarded a three-year, single-source contract for KCI's Negative Pressure Wound Therapy (NPWT) products, by Novation, one of the health care industry's largest supply contracting companies.
Through the agreement, KCI will be Novation's single source supplier of industry-leading V.A.C.® Therapy products, based on KCI's negative pressure technology platform, making KCI products available to more than 65,000 members and affiliates of VHA, UHC and Provista. The contract covers a full suite of negative pressure therapies with diverse applications, including management of the open abdomen and closed surgical incisions; and discreet, portable healing of small- to medium-exudating wounds.
V.A.C.® Therapy is the only wound care technology substantiated by more than 20 randomized, controlled, clinical trials and over 700 peer-reviewed articles. It has been selected as the treatment of choice for more than 6 million wounds worldwide.
Novation is a supply contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, and Provista, LLC.
"KCI and Novation have a long relationship of working together to provide member facilities with cost effective, clinically proven therapies and products," said Joe Woody, president & CEO, KCI. "This agreement ensures the member facilities served by Novation have access to the gold standard in NPWT technology."
The agreement took effect March 1, 2012.
Kinetic Concepts, Inc. is a leading global medical technology company devoted to the discovery, development, manufacture and marketing of innovative, high-technology therapies and products for the wound care and therapeutic support system markets. Headquartered in San Antonio, Texas, KCI has significantly advanced the science of wound healing over the course of more than three decades. KCI's success can be traced to a history deeply rooted in innovation and a passion for significantly improving patient outcomes while reducing the overall cost of care for patients around the world. KCI's proprietary negative pressure technologies have revolutionized the way in which caregivers treat a wide variety of wound types. The V.A.C.® Therapy System has been used on more than 6 million wounds worldwide. Additional information about KCI and its products is available at www.KCI1.com.
Founded in 1998, Novation is the leading health care supply contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, and Provista, LLC. Novation provides alliance members sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC and Provista members used Novation contracts to purchase nearly $40 billion in 2010. Novation recently earned the coveted Ethics Inside® Certification from the Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance, and is the only health care GPO to earn this distinction.