July 27, 2012– Malvern , USA (Techreleased) – PETNET Solutions Inc., a wholly owned subsidiary of Siemens Medical Solutions USA Inc., today announced the signing of a five-year agreement with Novation, a leading healthcare supply chain expertise and contracting company, to offer its portfolio of positron emission tomography (PET) radiopharmaceuticals for oncology, cardiology and neurology to healthcare facilities nationwide. Novation provides sourcing services, as well as information and data services, to a wide range of U.S. healthcare providers.

Based in Knoxville, Tenn., Siemens’ PETNET Solutions operates the world’s largest network of integrated FDA-registered and state-licensed PET radiopharmaceutical manufacturing and radiopharmacy facilities, with over 50 locations worldwide. Siemens’ PETNET Solutions manufactures and dispenses PET radiopharmaceuticals for hospitals, clinics and research facilities. With this new five-year agreement, Siemens’ PETNET Solutions will offer the members served by Novation the largest selection of PET radiopharmaceuticals from a single radiopharmaceutical supplier for oncology, cardiology and neurology.

“Siemens’ PETNET Solutions is pleased to continue our relationship with Novation by providing the healthcare organization it serves with our PET radiopharmaceuticals – proprietary and generic – for clinical use in the United States. The use of these radiopharmaceuticals, in addition to all other PETNET Solutions services, will help ensure that Novation customers remain at the forefront of PET imaging,” said Dr. Christoph Zindel, CEO, PETNET Solutions.

Founded in 1998, Novation is the leading healthcare supply chain expertise and contracting company for the more than 65,000 members of the VHA Inc. and UHC, two national healthcare alliances, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation recently earned the coveted Ethics Inside Certification® from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance. Novation was also named on Ethisphere’s World’s Most Ethical Companies list and is the only company in the healthcare industry to earn both distinctions.