U.S. Defense Dept. awards $84M in contracts to medical device companies

September 27, 2013 by MassDevice

Medical device companies including Cardinal Health and Henry Schein were among the firms awarded contracts and extensions worth nearly $84 million by the U.S. Defense Dept. today.

U.S. Defense Dept. awards $91M in contracts to medical device companies

By Chris Walker

The U.S. Defense Dept. issued $83.9 million worth of contracts to 4 medical device companies, according to the agency's daily press release.

Cardinal Health (NYSE:CAH) was the biggest recipient, with the government exercising a 4th-year contract option with the Illinois-based company, for more than $40 million. The contract is for "various medical and surgical products."

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Diagnostics company Abaxis is in line for $21.4 million from a 14-month contract, also for "various medical and surgical products," according to the release. Henry Schein (NSDQ:HSIC) pulled down a $13 million deal, after seeing its 4th-year contract option taken up for dental equipment. Infusion pump maker Hospira (NYSE:HSP) earned a $9.3 million, 8th-year option, for "various pharmaceutical products," according to the release.

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