Angeion Corporation (NASDAQ: ANGN) announced that it has been awarded a three-year contract with Novation, the healthcare industry’s leading supply contracting company for more than 25,000 members of VHA Inc. and UHC, two national health care alliances, and 5,500 members of Provista, LLC, representing more than 30,000 sites. The agreement is for Angeion’s complete line of MedGraphics® cardiorespiratory diagnostic systems, including related supplies and services. Effective October 1, 2011, the members Novation serves will have direct access to specially negotiated pricing and terms for MedGraphics systems that diagnose heart and lung disorders while in their earliest stages and monitor therapy across the spectrum of care for such conditions as heart failure or asthma and other forms of chronic obstructive pulmonary disease (COPD).

“We are delighted to have been selected to supply the members served by Novation for the next three years with our full line of cardiorespiratory diagnostic systems and services,” said Gregg O. Lehman, Ph.D., Angeion’s President and Chief Executive Officer. “This agreement will provide Novation’s broad base of not-for-profit health care organizations and academic medical centers easier access to our innovative technologies and world-class services to achieve successful outcomes and effective care management for their patients.”

MedGraphics provides essential clinical information to healthcare professionals through non-invasive cardiorespiratory assessment to improve care of patients in leading hospitals, clinics, and physician offices throughout the U.S. and in more than 75 countries around the world.

MedGraphics’ portfolio includes:
  • Pulmonary function from simple spirometry tests (breath flow and volume) to advanced diagnostic assessments (breathing mechanics and effectiveness of gas transport from the lungs into the circulation system);
  • Exercise assessment in rehabilitation and therapeutic monitoring centers for assessing respiratory and cardiac capacity to perform activities of daily living; and
  • Respiratory measurements combined with caloric assessment to determine essential nutritional requirements for patients in critical care/cardiac units.

MedGraphics products incorporate information management and connectivity solutions for electronic medical record systems to improve workflow and enhance data access.

If you liked this article you might like

Wednesday's Small-Cap Winners & Losers

Wednesday's Small-Cap Winners & Losers

Tuesday's Early Winners & Losers

Tuesday's Early Winners & Losers

Angeion Soars on Profit

Angeion Soars on Profit

Health Stocks in Motion

Health Stocks in Motion