LEWISVILLE, Texas--(BUSINESS WIRE)--
Orthofix International N.V. (NASDAQ:OFIX) (the Company) today announced
that its sports medicine division, Breg®, has signed a contract with
Novation to be the exclusive manufacturer of cold therapy products for
NOVAPLUS®, the private label brand of Novation. With over 35,000
members, Novation is the largest group purchasing organization in the
United States. The contract was effective as of November 1, 2010.
"We are delighted to continue our business relationship of the past five
years with Novation and provide the members they serve with our
market-leading cold therapy products through the NOVAPLUS label," said
Alan Milinazzo, President and CEO of Orthofix.
"Under the terms of this agreement, the members served by Novation will
have access to the latest cold therapy technology, and receive preferred
pricing on Breg cold therapy products through the NOVAPLUS label," said
Brent Gee, at Novation, Senior Director, NOVAPLUS Brand Management.
About Orthofix
Orthofix International, N.V. is a global medical device company offering
a broad line of minimally invasive surgical, and non-surgical, products
for the spine, orthopedic, and sports medicine market sectors that
address the lifelong bone-and-joint health needs of patients of all
ages—helping them achieve a more active and mobile lifestyle. Orthofix's
products are widely distributed around the world to orthopedic surgeons
and patients via Orthofix's sales representatives and its subsidiaries,
including Breg, Inc. and via partnerships with other leading orthopedic
product companies. In addition, Orthofix is collaborating in R&D
partnerships with leading medical institutions such as the
Musculoskeletal Transplant Foundation, the Orthopedic Research and
Education Foundation, the University of Medicine and Dentistry of New
Jersey and the National Osteoporosis Institute. For more information
about Orthofix, please visit www.orthofix.com.
For more information about Breg Sports Medicine, visit www.breg.com.
About Novation
Founded in 1998, Novation is the leading health supply contracting
company for more than 25,000 members of VHA, Inc. and the University of
HealthSystem Consortium (UHC), two national health care alliances, and
5,500 members of Provista, LLC., representing 28,000 sites. Novation
provides alliance members contract and price management and spend
management services. Based in Irving, TX, Novation develops and manages
competitive contracts with more than 600 suppliers. VHA, UHC and
Provista members used Novation contracts to purchase nearly $37.8
billion in 2009.
Orthofix International N.V.
Dan Yarbrough, 617-912-2903
Vice
President of Investor Relations
danyarbrough@orthofix.com
Source: Orthofix International N.V.
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