Update October 15, 2010: Invacare Announces Extension of Consent Expiration in Tender Offer and Consent Solicitation for Its 9 3/4% Senior Notes Due 2015. Invacare has announced a tender offer on it’s high interest paying debt which is costing 9,75%. This was obtained while combating reimbursement issues and low cost Asian competition. Releasing this debt [...]
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Homecare Sales Mid 2010 Reflect Renewed Growth – From Wheelchairs To Sleep Apnea Products
With ongoing discussion about the tough economic times, Medicare cuts through it’s controversial National Competitive Bidding program, it is good to see that the homecare industry is showing renewed growth in several areas. Here is a brief look at the latest results from sleep product manufacturer Resmed, homecare manufacturer Invacare and Lincare – a homecare [...]
Sniffing Device To Drive A Wheelchair And Enable Communication – Weizmann Institute of Science
News release: A unique device based on sniffing—inhaling and exhaling through the nose—might enable numerous disabled people to navigate wheelchairs or communicate with their loved ones. Sniffing technology might even be used in the future to create a sort of “third hand” to assist healthy surgeons or pilots.Developed by Prof. Noam Sobel, electronics engineers Dr. [...]
Handicare On The Move
Press Release: Nordic Capital Fund VII acquires Handicare Oslo, June 2nd 2010 – Nordic Capital Fund VII has acquired the healthcare company Handicare from the Herkules Private Equity Fund. – Nordic Capital has a strong funding base, industrial expertise and international experience, all of which are important to ensuring the further growth of Handicare, says [...]
Handicare Consolidates Position In The Accessibility Market – Growth Story Continues
Following on from the Freelift and Minivator Handicare acquisitions, the company has acquired 15 million NOK Norwegian company KWS Rehab AS. In addition to the obvious synergies this provides Handicare with additional access to the growing private market. More here:
Thomas Rossnagel – Sunrise Medical – Premium Focus Plus Maximum Efficiency
Thomas Rossnagel has in his relatively short tenure at Sunrise as CEO (he was formally Sunrise European President) put his characteristic formula of higher value added, targeted product lines – together with maximum operational effectiveness in serving customers best – into practice. He is well known for having done this very effectively in Europe. Sunrise [...]
Handicare Completes Acquisition Of Minivator
Norwegian healthcare group acquires UK stairlift manufacturer Minivator. Handicare CEO, Per Gunnar Borhaug noted: “We never doubted that we would receive OFT approval, but it’s great to have it now so that we can start working together in earnest. This acquisition strengthens our position in the UK, broadens our product offering and will improve our [...]
Reversal Of Aging In Human Stem Cells – Possible Intervention In Age-related Disease
PRESS RELEASE FROM FUTURE SCIENCE GROUP March 2010 Reversal of aging shown in human stem cells A team of North American collaborators from both industrial research centers (Biotime Inc, Mandala Biosciences LLC and Sierra Sciences LLC) and academic institutes (Ontario Cancer Institute, Burnham Institute for Medical Research and The Scripps Research Institute) have demonstrated successful [...]
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