KCI Announces New Surfaces Agreement with Novation.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- Kinetic Concepts, Inc. (NYSE NYSE See: New York Stock Exchange :KCI KCI Kansas City International (airport) KCI Kennel Club of India KCI Key Club International KCI Korea Concrete Institute KCI Kitchener Collegiate Institute KCI Kids Central, Inc. KCI The Kitchen Collection, Inc. KCI Kodak Canada Inc. ), a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces, today announced that it has been awarded two separate three-year agreements with Novation The substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement. A novation ordinarily arises when a new individual assumes an obligation to pay that was incurred by the original party , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the health care contracting services arm of VHA VHA Veterans Health Administration VHA Variable Housing Allowance VHA Villages Homeowners Association VHA Voluntary Hospitals Association VHA Virtual Home Agent VHA Very High Altitude VHA Vapor Hazard Area VHA Vermont Holstein-Friesian Association Inc. (Irving, TX) and University HealthSystem Consortium (Oak Brook, IL). The agreements include a three-year agreement to provide rental and sales of KCI's therapeutic beds and surfaces and a three-year agreement to provide bariatric Bariatric Pertaining to the study, prevention, or treatment of overweight. Mentioned in: Malnutrition beds, surfaces and related products. Under the terms of the agreements, KCI therapeutic and bariatric surfaces offerings will be made available to VHA's and UHC's more than 2,400 member health care facilities. "We are very pleased that Novation chose to renew our long-standing relationship for the offering of therapeutic surfaces to Novation member facilities," said Lynne Sly, President, KCI Therapeutic Surfaces. "Our agreements with Novation will allow us to continue to provide important therapies to patients in Novation member facilities." "The new therapeutic and bariatric agreements will provide VHA and UHC UHC UnitedHealthcare UHC United Health Care UHC University Hospitals of Cleveland UHC United Hitech Corporation UHC Udvar-Hazy Center (National Air and Space Museum) UHC University Health/System Consortium UHC Unburned Hydrocarbons members with significant value through competitive pricing and high value beyond price demonstrated by KCI USA's clinically focused programs and services supported by a large sales, clinical and service staff," said Becky Foret, Product Manager at Novation. About KCI Kinetic Concepts, Inc. is a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces. We design, manufacture, market and service a wide range of proprietary products that can improve clinical outcomes while helping to reduce the overall cost of patient care. Our advanced wound care systems incorporate our proprietary V.A.C.[R] technology, which has been clinically demonstrated to help promote wound healing wound healing Physiology The repair of a wound Steps Inflammation, repair and closure, remodeling, final healing; repair of incisions may be either simple–'clean' wounds with little loss of tissue heal by 'primary intention', or 'dirty' wounds heal by and can help reduce the cost of treating patients with serious wounds. Our therapeutic surfaces, including specialty hospital beds, mattress replacement systems and overlays, are designed to address pulmonary complications associated with immobility and to prevent skin breakdown. We have an infrastructure designed to meet the specific needs of medical professionals and patients across all health care settings including acute care hospitals, extended care facilities and patients' homes both in the United States and abroad. About Novation Based in Irving, Texas, Novation is the leading health care contracting services company, delivering unmatched savings and value to nearly 2,500 members of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances. Through its public competitive bid process, Novation develops and manages contracts with more than 500 suppliers, both large and small. By combining scale and agility with clinical knowledge and product expertise, Novation offers the most extensive range of innovative contracting services, including: contract development, contract and supplier management, custom contracting, enhanced savings programs, online contract management and analytical tools, order management and online supplier connectivity. VHA and UHC members used Novation's contracts to purchase more than $25 billion in supplies in 2005. For more information, go to www.novationco.com. Forward-Looking Statements This press release contains forward-looking statements, which are based on our current expectations and are subject to a number of uncertainties. All information set forth in this release is as of October 25, 2006. We undertake no duty to update this information. More information about the company is described in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2005, and our Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the fiscal quarter ended June 30, 2006, which are on file with the SEC and available at the SEC's website at www.sec.gov. |
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