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Abiomed jumps on massive VA order for Impella pumps

Mon, 08/26/2013 - 5:46pm
Mass Device

A new Veterans Administration contract for Impella heart pumps could boost Abiomed's revenues by 20%.

Abiomed jumps on massive VA order for Impella pumps

Massachusetts-based Abiomed (NSDQ:ABMD) won a lucrative 5-year contract to provide its flagship Impella heart pumps to the Veterans Administration, a deal that could boost the medical device maker's revenue by 20%.

Abiomed can provide Impella to about 170 VA medical facilities, more than 40 Defense Dept. hospitals and other federal agencies via an automated online system, according to a company statement.

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