VIASYS Healthcare Inc. Acquires the Assets of BioBeat Medical, Ltd.
01 November 2006 - 11:00PM
Business Wire
VIASYS Healthcare Inc. (NYSE:VAS) announced today that it has
acquired the assets of BioBeat Medical, Ltd., for approximately
$4.5 million. The acquired products � SONARA and SONARA/tek
incorporate advanced digital Transcranial Doppler (TCD) technology.
TCD is a non-invasive method of measuring blood flow velocities in
the arteries of the brain using ultrasound Doppler technology. In
less than a year, SONARA and SONARA/tek TCD systems have been
rapidly adopted by neurovascular clinicians in Europe and Asia due
to the systems� advanced performance and usability. The product
line represents the best in modern TCD technology with exclusive
features such as an intuitive user interface, superior signal
acquisition, 250-gate high resolution M-Mode and patient statistics
package. �We believe this acquisition represents a significant
addition of neurovascular technology to the NeuroCare portfolio,�
said Lori Cross, Group President of VIASYS NeuroCare. �This
acquisition provides our neurovascular business with advanced TCD
tools for diagnosis, monitoring and treatment of cerebrovascular
disease, especially stroke.� �The SONARA and SONARA/tek products
add both breadth and depth to the NeuroCare offering. By providing
additional languages and enhanced signal acquisition, we will
accelerate the adoption of TCD technology by new users to serve new
markets and clinical settings,� added Cross. Randy Thurman,
Chairman, President and CEO, VIASYS Healthcare Inc., commented, "We
will quickly integrate this technology into our current vascular
product portfolio providing our NeuroCare business with
best-in-class TCD technology. This is consistent with our VIASYS
Healthcare strategy of improving neurovascular care and patient
outcomes while accessing significant opportunities in the
fast-growing vascular diagnostic market as well as certain
potential neuro therapeutic applications.� The SONARA and
SONARA/tek will be launched this month to the European market at
the MEDICA Healthcare meeting, which is the world�s largest
healthcare conference held annually in Germany. The products will
be launched in the US market immediately upon FDA 510(k) clearance
to market, which is currently pending. ABOUT VIASYS HEALTHCARE INC.
VIASYS Healthcare Inc. is a global, research-based medical
technology company focused on respiratory, neurology, medical
disposable and orthopedic products. VIASYS products are marketed
under well-recognized trademarks including, among others, AVEA(R),
BEAR(R), BIRD(R), CORFLO(R), CORPAK(R), CORTRAK(R), EME(R),
GRASON-STADLER(R), JAEGER(TM), LYRA(R), MEDELEC(R), MICROGAS(R),
NAVIGATOR(R), NICOLET(R), NicoletOne(TM), PULMONETIC(TM),
SENSORMEDICS(R), TECA(R), TECOMET(TM), VELA(R) and VMAX(R). VIASYS
is headquartered in Conshohocken, PA, and its businesses are
conducted through its Respiratory Care, NeuroCare, MedSystems and
Orthopedics business units. More information can be found at
http://www.viasyshealthcare.com. This news release includes
forward-looking statements within the meaning of the "Safe Harbor"
provisions of Private Securities Litigation Reform Act of 1995
regarding the neurovascular marketplace and product portfolio and
the expectations regarding the combined organization. Such
forward-looking statements are based on current expectations and
involve inherent risks and uncertainties, including important
factors that could delay, divert, or change the expectations for
VIASYS' products and could cause actual outcomes and results to
differ materially from current expectations. These factors include,
among other things, market factors (including the growth of the
vascular diagnostics market), market acceptance and adoption of TCD
technology, integration of the two organizations, internal research
and development initiatives, partnered research and development
initiatives, competitive product development, marketing
initiatives, governmental regulations and legislation, patent
positions and litigation, regulatory approval of the SONARA and
SONARA/tek products in the United States and the inability to
achieve the anticipated benefits of this transaction. For further
details and a discussion other risks and uncertainties that may
change VIASYS' expectations, please see VIASYS' annual report on
Form 10-K for the year ended January 1, 2005, which is on file with
the Securities and Exchange Commission. VIASYS undertakes no
obligation to publicly update this forward-looking statement,
whether as a result of new information, future events, or
otherwise. VIASYS Healthcare Inc. (NYSE:VAS) announced today that
it has acquired the assets of BioBeat Medical, Ltd., for
approximately $4.5 million. The acquired products - SONARA and
SONARA/tek incorporate advanced digital Transcranial Doppler (TCD)
technology. TCD is a non-invasive method of measuring blood flow
velocities in the arteries of the brain using ultrasound Doppler
technology. In less than a year, SONARA and SONARA/tek TCD systems
have been rapidly adopted by neurovascular clinicians in Europe and
Asia due to the systems' advanced performance and usability. The
product line represents the best in modern TCD technology with
exclusive features such as an intuitive user interface, superior
signal acquisition, 250-gate high resolution M-Mode and patient
statistics package. "We believe this acquisition represents a
significant addition of neurovascular technology to the NeuroCare
portfolio," said Lori Cross, Group President of VIASYS NeuroCare.
"This acquisition provides our neurovascular business with advanced
TCD tools for diagnosis, monitoring and treatment of
cerebrovascular disease, especially stroke." "The SONARA and
SONARA/tek products add both breadth and depth to the NeuroCare
offering. By providing additional languages and enhanced signal
acquisition, we will accelerate the adoption of TCD technology by
new users to serve new markets and clinical settings," added Cross.
Randy Thurman, Chairman, President and CEO, VIASYS Healthcare Inc.,
commented, "We will quickly integrate this technology into our
current vascular product portfolio providing our NeuroCare business
with best-in-class TCD technology. This is consistent with our
VIASYS Healthcare strategy of improving neurovascular care and
patient outcomes while accessing significant opportunities in the
fast-growing vascular diagnostic market as well as certain
potential neuro therapeutic applications." The SONARA and
SONARA/tek will be launched this month to the European market at
the MEDICA Healthcare meeting, which is the world's largest
healthcare conference held annually in Germany. The products will
be launched in the US market immediately upon FDA 510(k) clearance
to market, which is currently pending. ABOUT VIASYS HEALTHCARE INC.
VIASYS Healthcare Inc. is a global, research-based medical
technology company focused on respiratory, neurology, medical
disposable and orthopedic products. VIASYS products are marketed
under well-recognized trademarks including, among others, AVEA(R),
BEAR(R), BIRD(R), CORFLO(R), CORPAK(R), CORTRAK(R), EME(R),
GRASON-STADLER(R), JAEGER(TM), LYRA(R), MEDELEC(R), MICROGAS(R),
NAVIGATOR(R), NICOLET(R), NicoletOne(TM), PULMONETIC(TM),
SENSORMEDICS(R), TECA(R), TECOMET(TM), VELA(R) and VMAX(R). VIASYS
is headquartered in Conshohocken, PA, and its businesses are
conducted through its Respiratory Care, NeuroCare, MedSystems and
Orthopedics business units. More information can be found at
http://www.viasyshealthcare.com. This news release includes
forward-looking statements within the meaning of the "Safe Harbor"
provisions of Private Securities Litigation Reform Act of 1995
regarding the neurovascular marketplace and product portfolio and
the expectations regarding the combined organization. Such
forward-looking statements are based on current expectations and
involve inherent risks and uncertainties, including important
factors that could delay, divert, or change the expectations for
VIASYS' products and could cause actual outcomes and results to
differ materially from current expectations. These factors include,
among other things, market factors (including the growth of the
vascular diagnostics market), market acceptance and adoption of TCD
technology, integration of the two organizations, internal research
and development initiatives, partnered research and development
initiatives, competitive product development, marketing
initiatives, governmental regulations and legislation, patent
positions and litigation, regulatory approval of the SONARA and
SONARA/tek products in the United States and the inability to
achieve the anticipated benefits of this transaction. For further
details and a discussion other risks and uncertainties that may
change VIASYS' expectations, please see VIASYS' annual report on
Form 10-K for the year ended January 1, 2005, which is on file with
the Securities and Exchange Commission. VIASYS undertakes no
obligation to publicly update this forward-looking statement,
whether as a result of new information, future events, or
otherwise.
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