The largest group purchasing organization Novation has signed a 3-year contract with fingertip pulse oximeter vendor Nonin Medical, based in Plymouth, Minnesota. In a news release on Thursday, Nonin announced that the more than 65,000 member and affiliate organizations who are clients of Novation will be able to purchase Nonin’s Onyx Vantage 9590 professional fingertip pulse […]
Novation may have been jilted by Medtronic (NYSE:MDT) in February, but the group purchasing organization hasn’t let any grass grow under its feet in its search for new partners. The Irving, Texas-based GPO said it signed a two-and-a-half-year deal with German cardiac rhythm device maker Biotronik, hard on the heels of inking another 30-month pact […]
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Medtronic's decision to cancel contracts with group purchasing associations including Novation and Premier. could be a sign of things to come for a medical technology industry seeking to boost profits any way it can.
Medtronic Inc.'s (NYSE:MDT) move last week to cancel $2 billion worth of supply contracts with Novation LLC could save the device maker some $60 million a year. It's a no-brainer for one of med-tech's biggest players, but it might signal a wider trend: Will the medical device industry buck group purchasing organizations even as hospitals flock to them?
Medical device company Medtronic has ended an agreement with Novation covering cardiovascular and orthopedic products. The decision by the make of new innovative medical devices has triggered a backlash from some healthcare providers who own and use Novation.