novation


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Novation

Novation

1. The transfer of a contract from one party to another by mutual consent of the original counterparties and the concurrence of the new party.

2. See: Rollover.

novation

The substitution of one debt with another debt.

novation

The substitution of a new contract, debt, or obligation for an existing one. Usually encountered when a tenant assigns the lease to another,or when a new building owner requires all existing tenants to execute novation agreements.The effect is to extinguish all obligations under the old agreements and replace them with the new obligations.

References in periodicals archive ?
The expansion of our trusted Novation range will help our customers differentiate their products and capture a greater share of the organic market.
Olya Carter, RN and Senior Clinical Manager at Novation, added, "We are pleased with the hospital participants' recognition of DripDrop during Novation's recent Innovative Technology Expo.
Edwards invests significantly in the development of new treatment options that can provide meaningful benefits to patients, and we look forward to working in partnership with Novation so that heart valve patients can get the treatments they need from Edwards' comprehensive valve portfolio," said Donald E.
Novation 1900 is suitable for short time, low temperature processing, either in hot water addition or in-cook applications, such as gravies, soups and sauces.
Our latest CV Watch provides the valued hospital members that we serve with vital insights to help them care for their patients and thrive in an increasingly competitive, cost-centric health care environment," said David Richman, Vice President, Sourcing Operations, Physician Preference, Novation.
Novation starches offer the premium performance associated with modified starches but without chemical modification, they tell us, and they can be labelled simply as 'starch'.
Novation selected the technology following a very rigorous clinical evaluation through its New Technology Program.
NOVAFOOD: Expanded Choices Effective July 1, Novation will offer 106 new contracts across 60 product categories in its NOVAFOOD program.
Under the terms of the deal, OrthoScan will be the exclusive provider of Mini C-Arms to the VHA, UHC and Provista members of Novation.
IRVING, Texas, June 19, 2014 /PRNewswire/ -- Novation, the leading health care expertise, analytics and contracting company for the more than 100,000 members of VHA Inc.
1, 2009, Novation, the leading health care contracting services company, will implement a ground-breaking new program with pharmacy distributors to provide contract pricing on a portfolio of non-injectable generic drugs.
IRVING, Texas, June 12, 2014 /PRNewswire/ -- For a wide range of health care technology suppliers, the upcoming Novation Innovative Technology Expo offers an opportunity to showcase products that improve patient outcomes and increase safety to experienced clinicians from health care organizations across the nation.