Terumo Medical Corp

Terumo Medical Corp's Terumo Interventional Systems Division manufactures and supplies specialized cardiovascular and interventional medical devices to the federal government as a prime contractor on full-and-open federal supply schedules and blanket purchase agreements, with no SBA set-aside certifications. Headquartered in Somerset, New Jersey, Terumo is a for-profit medical device manufacturer focusing on vascular implants, stents, grafts, endovascular repair systems, embolization coils, and catheters used in minimally invasive surgical procedures.

Terumo's federal footprint is dominated by the Department of Veterans Affairs. The VA accounts for roughly 93% of combined potential value across the portfolio, anchored by a single outlier: Veterans Integrated Service Network 12 holds 15 awards with $284.5 million combined potential value, reflecting a long-standing master Federal Supply Schedule contract (Medical Equipment and Supplies FSS-65-II-A) with a $138.09 million ceiling extending through May 2026. The top-five customer agencies by potential value are VISN 12, the Army Medical Command, VISN 19, VISN 8, and the Navy Bureau of Medicine and Surgery. By award count, concentration is broader—Defense Logistics Agency Troop Support Medical leads with 125 awards worth only $110 thousand combined, signaling high-volume, low-value individual orders. VISN 8, VISN 1, VISN 2, and VISN 17 each carry 68–89 orders in the low-millions combined. This bifurcation reveals two distinct procurement patterns: a massive IDIQ with VISN 12 that dwarfs dollars across the portfolio, and numerous small purchase orders and delivery orders scattered across other VISNs and defense medical commands.

Recent capability work exemplifies Terumo's product mix. Prime awards include a $39,500.52 delivery order from VISN 10 for AZUR Hydropack medical devices (July 2026), a $25,000 purchase order from VISN 21 for bill-only endovascular stent-grafts (June 2026), $25,000 and $31,500 orders from VISN 10 for bifurcated stent-grafts and surgical implants (April–January 2026), and $100,000 from VISN 22 for prosthetics and implants (April 2026). Delivery orders under the FSS-65-II-A schedule dominate the recent award stream, with standing BPAs established at VISN 19 ($459,895 ceiling, base plus four option years through May 2031, for embolization coil consignment) and VISN 12 ($18,906.55 ceiling through November 2026 for vascular implants). An additional BPA from January 2022 with VISN 19 for AZUR systems carried a $378,361.20 ceiling.

Activity has declined sharply. Terumo received 61 awards in 2022, 31 in 2023, 28 in 2024, 24 in 2025, and 20 year-to-date in 2026. The combined potential value of awards completing in the next twenty-four months stands at $279 thousand, a minimal recompete cliff. Terumo's position rests almost entirely on renewal or extension of the FSS-65-II-A schedule and related BPAs with VISN 12 and other VISNs; if the master GSA schedule does not renew or the VA shifts procurement vehicles, the portfolio faces substantial disruption.

Terumo operates primarily as a prime contractor (992 of 1,002 awards, 99%) but subcontracts on a small scale through Cardinal Health 200, LLC, delivering AZUR embolization coils, introducer kits, and related vascular devices in ten sub-awards dating from 2022 to December 2025. The sub-award footprint is negligible relative to the prime business and involves no material teaming relationships beyond a distributor relationship with Cardinal Health.

Place of performance spans Somerset, Franklin Township, New Jersey (headquarters and primary manufacturing), Irvine and Fresno, California, and subordinate VA medical center locations nationwide where devices are installed for veteran patient care. The Medical Equipment and Supplies PSC dominates, accounting for 959 of approximately 969 awards categorized (the remainder split among imaging, equipment maintenance, surgical dressing, and lab equipment), with Surgical and Medical Instrument Manufacturing and Surgical Appliance and Supplies Manufacturing comprising the top two NAICS codes.