The U.S. Defense Dept. handed out 3 new healthcare contracts to Philips Healthcare (NYSE:PHG) and Johnson & Johnson (NYSE:JNJ), totaling a potential worth of nearly $73 million for medical equipment.
In a contract announcement issued August 29 the DoD posted a $17.1 million contract for Philips’ biomedical equipment and maintenance for Air Force and Army facilities. Philips won contract via an online competitive bidding acquisition that featured only 1 other unnamed rival, according to the DoD report.
Just a day later, the DoD announced another Philips contract worth a maximum of $46.3 million over 5 years for "multi-vendor maintenance services." That contract, which is a fixed-price deal with economic price adjustment, was a competitive acquisition with 5 total offers, the defense agency said.
The feds also awarded a medical and surgical products contract to Johnson & Johnson, giving the deal a 1-year shelf-life and a maximum value of $9.6 million. J&J’s products will go to the Army, Navy, Air Force, Marine Corps and federal civilian agencies, according to the agency.