Innovative Health, a single-use cardiology medical device reprocessing company, has engaged in a formal joint venture with Connecticut-based reprocessor Northeast Scientific. The joint venture aims at enhancing the impact on device cost both companies have in healthcare. As FDA regulated single-use device reprocessors, Innovative Health and Northeast Scientific collect used devices, clean, inspect, test, sterilize, and return them to the healthcare provider at a reduced cost compared with new. Both companies are able to save healthcare providers hundreds of thousands of dollars every year; under the joint venture, this impact will allow healthcare providers to increase their savings.
 
Northeast Scientific’s reprocessed vascular imaging catheters include Medtronic’s RF Smart (ClosureFast) RF ablation catheters as well as the Philips Volcano (Visions IVUS) catheter. Northeast Scientific CEO Craig Allmendinger saw the joint venture as an opportunity to increase value to medical providers: “I am excited about our agreement with Innovative Health. Our products will serve to increase savings for Innovative Health customers, and we will see the same effect for our customers. Healthcare needs savings from reprocessing more than ever.”
 
Innovative Health focuses on reducing costs on cardiovascular and electrophysiology service lines in hospitals. Some of the Northeast Scientific vascular imaging catheters are used in these units. “We will see increased savings for our customers from this agreement,” said Innovative Health CEO Rick Ferreira. “I welcome innovation in our industry, and Innovative Health is committed to supporting companies such as Northeast Scientific in their efforts to bring additional savings from reprocessing to hospitals and other healthcare providers.”