SAN DIEGO--(BUSINESS WIRE)--Nov. 10, 2005--dj Orthopedics, Inc., (NYSE:DJO), 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 contracting arm for VHA 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 members discounts on its full line of cold therapy products, including motorized IceMan® and manual ArcticFlow™ circulation units and its DuraKold™ and DuraSoft® 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 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 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
SOURCE: dj Orthopedics, Inc.
dj Orthopedics, Inc.
-734-4766
