dj Orthopedics Signs New Three-Year Contract with Novation for Cold Therapy Products; Agreement Expands dj Orthopedics' Contracting Relationship with Novation.SAN DIEGO -- dj Orthopedics, Inc., (NYSE NYSE See: New York Stock Exchange :DJO DJO Digital Journal of Ophthalmology DJO Stichting de Jonge Onderzoekers Nederland DJO Dark Jedi Organization DJO Deputy Juvenile Officer (Missouri) DJO David John Oates DJO Development Job Engineer ), a global medical device company specializing in rehabilitation and regeneration products for the non-operative orthopedic and spine markets, today announced that it has signed a new three-year, dual-source contract 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 , the contracting arm for 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., and the University HealthSystem Consortium, two national health care alliances. Under the agreement, which commences January 1, 2006, dj Orthopedics will offer 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 discounts on its full line of cold therapy products, including motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. IceMan Iceman Body of a man found sealed in a glacier in the Tirolean Ötztal Alps in 1991 and dated to 3300 BC. It has revealed significant details of everyday life during the Neolithic Period. (R) and manual ArcticFlow(TM) circulation units and its DuraKold(TM) and DuraSoft(R) ice wraps, which feature a patented material that remains pliable after freezing. dj Orthopedics already has a contract with Novation for rigid knee bracing products, including functional knee braces and post-operative braces. "We are very pleased to expand our contracting relationship with Novation," said Les Cross, president and chief executive officer of dj Orthopedics. "Use of cold therapy to reduce pain and swelling after injury or surgery, helps to accelerate the rehabilitation process and often reduces the need for pain medications. The success of this treatment has established the cold therapy market as one of the fastest growing segments of the non-operative orthopedics market. We believe the expanding opportunities from our partnership with Novation will further strengthen our leadership position in cold therapy and our Domestic Rehabilitation business." About Novation Novation is the contracting arm for VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances. VHA and UHC members use Novation contracts to purchase nearly $23 billion worth of drugs, devices and supplies annually. About dj Orthopedics, Inc. dj Orthopedics is a global medical device company specializing in rehabilitation and regeneration products for the non-operative orthopedic and spine markets. Marketed under the DonJoy and ProCare brands, the Company's broad range of over 600 rehabilitation products, including rigid knee braces, soft goods and pain management products, are used in the prevention of injury, in the treatment of chronic conditions and for recovery after surgery or injury. The Company's regeneration products consist of bone growth stimulation Bone Growth Stimulation Definition Bone growth stimulation is the technique of promoting bone growth in difficult to heal fractures by applying a low electrical current or ultrasound to the fracture. devices that are used to treat nonunion fractures and as an adjunct therapy after spinal fusion surgery. Together, these products provide solutions throughout the patient's continuum of care. The Company sells its products in the United States and in more than 40 other countries through networks of agents, distributors and its direct sales force. Customers include orthopedic and spine surgeons, podiatrists, orthopedic and prosthetic pros·thet·ic adj. 1. Serving as or relating to a prosthesis. 2. Of or relating to prosthetics. prosthetic serving as a substitute; pertaining to prostheses or to prosthetics. centers, third-party distributors, hospitals, surgery centers, physical therapists, athletic trainers and other healthcare professionals. For additional information on the Company, please visit www.djortho.com |
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