PharMEDium, a leading provider of pharmacy sterile intravenous admixture compounding services, announced that the company has extended the agreement with Irving, Texas-based Novation LLC through October 2013 to deliver outsourced pharmacy compounding and admixture services.  

“We are committed to being the partner of choice for Novation’s outsourced pharmacy compounding and admixture services. PharMEDium and Novation share core values that emphasize patient safety first, facilitate the best clinical care and provide the highest quality sterile intravenous admixture compounding services,” said  David N Jonas, chairman and CEO, PharMEDium.

Ross Day,  Novation Portfolio Executive, stated,“ PharMEDium continues to deliver a proven record of quality, customer service and experience which has been an asset to our organization’s contract portfolio.  We are pleased to extend our contract with PharMEDium, a reliable leader in this business segment, to deliver the best patient care backed and enhanced by market-leading suppliers.”

Novation delivers savings to nearly 25,000 VHA Inc. and the University HealthSystem Consortium (UHC) member organizations and 5,500 Provista members covering 28,000 sites. By combining scale and expertise with data-driven tools and information, Novation offers the most extensive range of advanced contracting services in the industry. In 2010, VHA, UHC and Provista members used Novation and alliance contracts to purchase about $40 billion in products and services.   

Jennifer Adams, vice president, Sales, for PharMEDium, stated, “We are proud to announce the continuation of our affiliation with Novation, the industry’s premier supply contracting company.  We will continue to provide Novation member organizations with quality and reliable outsourced pharmacy compounding and admixture services.  We work to ensure that our proven record of quality, customer service and experience continues to be an asset to the Novation organization’s contract portfolio.  Novation delivers superior patient care and PharMEDium is pleased to be a market-leading supplier selected by Novation to continue providing innovative services their members can rely on.”