Fresenius Medical Care Awarded Mechanical Circulatory Support Agreement with Premier, Inc. for the Novalung® ECMO System

Rhea-AI Summary

Fresenius Medical Care (FMS) has secured a national group purchasing agreement with Premier, Inc. for its Novalung ECMO System. The agreement provides Premier's 4,350+ member hospitals and health systems access to pre-negotiated pricing for the system, which is FDA-cleared for long-term extracorporeal membrane oxygenation. The Novalung System pumps and oxygenates blood in patients with acute respiratory or cardiopulmonary failure, offering a portable therapy solution for various clinical settings. This strategic partnership aims to expand access to ECMO solutions nationwide and reinforces FMS's commitment to advancing critical care treatments.

Positive

• Secured national purchasing agreement with Premier, gaining access to 4,350+ US hospitals
• First FDA-cleared system for long-term ECMO therapy
• Expands market reach for Novalung System through Premier's extensive healthcare network

Negative

• None.

• Strategic Relationship: Agreement expands access to ECMO solutions for hospitals, health systems and patients in the U.S. nationwide.
• Wide Reach: 4,350+ Premier member hospitals and health systems in the U.S. can leverage pre-negotiated terms and pricing on the Novalung System for ECMO.
• Commitment to Quality Care: Reinforces company's commitment to supporting healthcare providers in their efforts to deliver high-quality critical care treatments and solutions.

BAD HOMBURG, Germany, Nov. 19, 2024 /PRNewswire/ -- Fresenius Medical Care (FME), the world's leading provider of products and services for individuals with renal diseases, today announced its heart and lung group has been awarded a national group purchasing agreement for Mechanical Circulatory Support with Premier, Inc in the U.S. Since acquiring Xenios in 2016, Fresenius Medical Care has been dedicated to advancing heart and lung therapy. The agreement underscores FME's commitment to critical care solutions and allows Premier member hospitals and health systems, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for the Novalung System.

"We are excited to be awarded this agreement by Premier, which will help broaden the reach of our Novalung ECMO System," said Olaf Schermeier, PhD, Chief Executive Officer, Critical Care & Ventures at Fresenius Medical Care. "This agreement highlights our dedication to delivering safe, simple, and portable solutions and enhancing patient outcomes in critical care units in the United States. Through our agreement with Premier, we aim to better serve healthcare providers with efficient heart and lung support therapy, helping to improve survival rates and recovery for patients with severe cardiac or pulmonary failure. The rapidly shifting market dynamics may increase risks to hospitals, and this agreement provides broader access with the Novalung System for ECMO."

The Novalung System for extracorporeal membrane oxygenation (ECMO), was the first system FDA-cleared for long-term (>6hr) ECMO, providing a critical offering to patients and hospitals. The system pumps and oxygenates the blood of patients with acute respiratory failure or acute cardiopulmonary failure. Novalung offers a portable therapy solution designed to improve clinical outcomes and accommodate various clinical care settings such as intensive care units, operating rooms, cardiac catheterization labs and emergency departments.

Premier is a leading healthcare improvement company, uniting an alliance of approximately 4,350 U.S. hospitals and 300,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost.

For more information about Fresenius Medical Care and the Novalung® System for ECMO, please visit  https://fmcna.com/products/novalung-ecmo-therapy/novalung/.

About Fresenius Medical Care:
Fresenius Medical Care is the world's leading provider of products and services for individuals with renal diseases of which around 4.1 million patients worldwide regularly undergo dialysis treatment. Through its network of 3,732 dialysis clinics, Fresenius Medical Care provides dialysis treatments for approx. 308,000 patients around the globe. Fresenius Medical Care is also the leading provider of dialysis products such as dialysis machines or dialyzers. Fresenius Medical Care is listed on the Frankfurt Stock Exchange (FME) and on the New York Stock Exchange (FMS).

For more information visit the company's website at www.freseniusmedicalcare.com.

Disclaimer:
This release contains forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those described in these forward-looking statements due to various factors, including, but not limited to, changes in business, economic and competitive conditions, legal changes, regulatory approvals, impacts related to the COVID-19 pandemic results of clinical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in Fresenius Medical Care's reports filed with the U.S. Securities and Exchange Commission. Fresenius Medical Care does not undertake any responsibility to update the forward-looking statements in this release.

Media contact
Kirsten Stratton
T +1 781 929 8096
kirsten.stratton@freseniusmedicalcare.com 

Christine Peters
T +49 160 60 66 770
christine.peters@freseniusmedicalcare.com 

Contact for analysts and investors
Dr. Dominik Heger
T +49 6172 609 2601
dominik.heger@freseniusmedicalcare.com 

www.freseniusmedicalcare.com

 

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SOURCE Fresenius Medical Care Holdings, Inc.

FAQ

What is the new agreement between Fresenius Medical Care (FMS) and Premier Inc?

FMS has secured a national group purchasing agreement with Premier Inc. for its Novalung ECMO System, providing Premier's 4,350+ member hospitals access to pre-negotiated pricing terms.

What is the Novalung ECMO System by Fresenius Medical Care (FMS)?

The Novalung System is an FDA-cleared device for long-term extracorporeal membrane oxygenation that pumps and oxygenates blood in patients with acute respiratory or cardiopulmonary failure.

How many hospitals will have access to FMS's Novalung System through the Premier agreement?

Over 4,350 Premier member hospitals and health systems across the United States will have access to pre-negotiated terms and pricing for the Novalung System.