McGaw Announces $50-Million Pact

Irvine-based McGaw Inc. said that it has landed an estimated $50-million contract to sell intravenous solutions over the next five years to the Greater New York Hospital Assn. Services Inc.

The hospital supply-purchasing group has a commitment from 24 hospitals to buy intravenous solutions, tubing and pumps from McGaw.

The company earlier announced another contract of similar value. Together, the two deals will add about $20 million to McGaw’s annual revenue, which was $230 million in 1990.