Instrumentation Laboratory Extends Contract with Novation -- One-year Contract Extension for Critical Care Testing Instrumentation --
BEDFORD, Mass., Oct. 10, 2012 /PRNewswire/ -- Instrumentation Laboratory (IL), today, announced the extension of their Novation contract for Critical Care Testing Instrumentation for one-year. Novation is the leading healthcare supply-chain expertise and contracting company for the members of VHA Inc., UHC, Children's Hospital Association, and Provista LLC. The contract has been extended through the end of 2013 and includes an option for an additional one-year extension.
Included in the agreement is IL's portfolio of critical care analyzers, reagents, consumables and service, including the Company's flagship product, the GEM® Premier™ 4000 now with PLUS technology, for blood gas, electrolyte and metabolite analysis with integrated CO-Oximetry testing, as well as the GEM Premier 3500 analyzer. These instruments feature IL's patented Intelligent Quality Management (iQM®), a real-time, automated, quality assurance system that continuously detects, corrects and documents, to assure quality results and compliance, 24/7, regardless of operator or testing location. iQM, coupled with unique cartridge-based technology and ease of use, allows the GEM Premier analyzers to provide consistent, accurate, lab-quality results throughout the hospital. The contract also includes GEMweb Plus Custom Connectivity software for remote management of GEM Premier analyzers, in addition to the GEM OPL, IL's portable CO-Oximeter.
"We are thrilled to have the ongoing support of Novation, and I believe this contract extension is a reflection of their confidence in our ability to provide outstanding products to the members they serve," said Brian Durkin, Vice President of Commercial Operations, North America at IL. "We have an intense commitment to enhancing the quality of patient care, a goal shared with Novation, making us ideal partners in this mission."
Founded in 1998, Novation is the leading healthcare supply-chain expertise and contracting company for the more than 65,000 members of VHA Inc. and UHC, two national healthcare alliances, Children's Hospital Association, an alliance of the nation's leading pediatric facilities, and Provista, LLC. Novation provides alliance members with 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 more than $40 billion in 2011.
About Instrumentation Laboratory
Founded in 1959, IL is a worldwide developer, manufacturer and distributor of in vitro diagnostic instruments, related reagents and controls for use primarily in hospitals and independent clinical laboratories. The company's product lines include Critical Care systems, Hemostasis systems and information management systems. IL's GEM® product offerings, part of the Critical Care line, include the GEM Premier™ 4000 analyzer with Intelligent Quality Management (iQM®), GEM Premier 3500, GEMweb® Plus Custom Connectivity, and the GEM PCL Plus, a portable coagulation analyzer. IL's Hemostasis portfolio includes the ACL TOP® Family of Hemostasis Testing Systems, fully automated, high-productivity analyzers, including the ACL TOP 700, ACL TOP 700 LAS, ACL TOP 700 CTS, ACL TOP 500 CTS and ACL TOP 300 CTS. IL also offers the ACL ELITE®, other Hemostasis analyzers and the HemosIL® line of reagents. IL is part of the Werfen Group, a privately held company based in Barcelona, Spain. IL is headquartered in Bedford, Massachusetts. For more information, visit: www.ilus.com
The Instrumentation Laboratory logo, GEM, iQM, HemosIL, ACL, ACL TOP, ACL ELITE, ACL AcuStar and Premier are trademarks of Instrumentation Laboratory Company and/or one of its subsidiaries or parent companies, and may be registered in the United States Patent and Trademark Office and in other jurisdictions. All other product names, company names, marks, logos, and symbols are trademarks of their respective owners.
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