Innovation Associates, Inc.

Innovation Associates, Inc., a Binghamton, New York-based for-profit manufacturer of pharmacy automation solutions and medical devices, operates as a prime contractor delivering specialized medical equipment, software, spare parts, and installation and maintenance services to federal healthcare agencies under full-and-open competition with no set-aside posture.

The company's footprint is overwhelmingly concentrated in the Defense Logistics Agency (DLA) Troop Support Medical division, which accounts for 3,046 awards representing $1.87 billion in combined potential value—nearly 86% of the vendor's total federal portfolio across 3,548 recent prime awards. Innovation Associates manufactures proprietary pharmacy automation systems including NEXIA automated dispensers, EYECON pill counters, ScriptCenter medication storage lockers, barcode scanners, label printers, and touchscreen monitors, along with hourly IT services, system training, installation, component setup, and preventative maintenance. Representative work includes a $24.3 million definitive contract awarded by Veterans Integrated Service Network 7 in August 2026 for 24/7 emergency technical support, software and hardware support, and preventative maintenance of the Automated Prescription Fulfillment System at the Consolidated Mail Outpatient Pharmacy in Charleston, structured as firm fixed price with a one-year base and four option years; an $8.48 million delivery order from DLA Medical Supply Chain in July 2025 for pharmacy automation maintenance services through July 2027; and a $10 million delivery order from DLA Medical Supply Chain in July 2026 for pharmacy automation maintenance services, also issued under the company's anchor IDIQ vehicle.

Beyond DLA, the vendor holds contracts with secondary VA customers. The Department of Veterans Affairs Veterans Health Administration Veterans Integrated Service Network 15 placed 7 awards totaling $78.3 million in combined potential value, while Veterans Integrated Service Network 7 and Veterans Integrated Service Network 22 account for $29.6 million and $2.5 million respectively. The Department of the Navy Bureau of Medicine and Surgery represents $55.5 million across 8 awards. These secondary customers, while numerically smaller, collectively anchor $165.9 million in potential value and signal the vendor's dual-track positioning with both logistics-focused defense procurement and end-user VA healthcare customers.

Innovation Associates holds a $150 million single-award IDIQ contract (SPE2D119D7011) with DLA Troop Support Medical running July 2019 through July 2029, which serves as the parent vehicle for 2,366 task orders carrying $71.3 million in combined potential value. A second IDIQ (SPM2D113D8302) generated 523 task orders worth $12.8 million. The vendor also participates in Federal Supply Schedule V797P4324A with 302 task orders valued at $11.1 million, and holds a Blanket Purchase Agreement (SPE2D118A0001) generating 44 task orders at $1.1 million combined value. Most task orders are small-dollar consumables and spare-parts replenishment—a characteristic pattern across the DLA Medical Supply Chain, where individual orders frequently range from $500 to $50,000 per unit. The company's footprint is classified predominantly under NAICS 424210 (Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers, representing 2,993 awards) and PSC 6515 (Imaging Equipment and Supplies: Medical, Dental, Veterinary, representing 3,051 awards).

Activity has declined from 459 awards in 2023 to 128 in 2026 year-to-date, reflecting normal seasonal variation in task-order velocity and a sample effect from the source cutoff date (October 15, 2026). Seven awards totaling $69.4 million in combined potential value reach ultimate completion within the next twenty-four months, representing recompete exposure across system installation, training, and maintenance deliverables tied to the DLA IDIQ renewal cycle in July 2029.

Innovation Associates has been a registered federal contractor since 2002 and operates with no subcontract dependencies—all 3,548 awards in the source reflect prime activity. The vendor competes full-and-open across all contract vehicles; no set-asides are used in the award record. The company's federal revenue model is heavily transactional: the combination of high award count (3,548), moderate combined potential value ($2.17 billion), and reported obligations of only $353.9 million (16% of potential value) indicates that the vendor's true invoiced revenue on these vehicles is substantially lower than ceiling value, driven by the high proportion of small-dollar task orders issued against the DLA IDIQ and schedule vehicles that remain unexercised or are exercised at sub-ceiling levels.