Thoratec Corp., a product manufacturer in cardiovascular disease, said that its International Technidyne Corporation (ITC) division acquired A-VOX Systems Inc., a manufacturer of point-of-care (POC) instruments and disposables to perform CO-Oximetry testing.

Under the terms of the purchase agreement, ITC has acquired all of the
outstanding shares of Avox for approximately $9 million in cash. Privately
held Avox is based in San Antonio, TX, and has become a subsidiary of
ITC. Thoratec said this transaction is not expected to have a material
impact on its 2006 financial results, but that it expects the acquisition
to be accretive to earnings beginning in 2007.

"This transaction is an important event for ITC as it broadens our
offerings for hospital POC testing, particularly in the cardiac
catheterization lab where Avox has an industry-leading presence," said Gary
F. Burbach, president and chief executive officer of Thoratec. "This
acquisition is indicative of both our commitment to the POC market and
strategy to increase ITC's presence in it," he continued.

Avox manufactures two devices that utilize patented light-scattering
technology to make direct measurements in whole blood. The AVOXimeter(R)
1000E is specifically designed for the cardiac catheterization lab, and is
the leading stand-alone POC oximeter in U.S. hospitals today. The portable
AVOXimeter 4000 provides a fast, accurate assessment of a patient's
oxygenation at the bedside. The AVOXimeter 4000 is used in routine testing
in combination with a blood gas analyzer to provide a more comprehensive
and complete assessment of a patient's oxygenation status in the intensive
care unit (ICU), operating room (OR) and other critical care situations. It
is also used in the neonatal intensive care unit (NICU) to confirm nitric
oxide treatment side effects in newborns and in the emergency department to
diagnose smoke inhalation.


Related Content

News | Teleradiology

May 21, 2025 — Konica Minolta Healthcare Americas, Inc and NewVue have announced the introduction of Exa Teleradiology ...

Time May 21, 2025
arrow
News | Artificial Intelligence

May 15, 2025 – Royal Philips, a global leader in health technology, has released its 10th annual Future Health Index ...

Time May 19, 2025
arrow
News | Artificial Intelligence

May 14, 2025 – Bialogics Analytics Inc., a leader in radiology informatics, has introduced its new AI solution AI ...

Time May 16, 2025
arrow
News | Artificial Intelligence

May 6, 2025 — NewVue.ai, a leader in cloud-native radiology workflow orchestration, and MD.ai, a pioneer in AI-enhanced ...

Time May 06, 2025
arrow
News | SIIM

April 14, 2025 —The Society for Imaging Informatics in Medicine (SIIM) Annual Meeting is set to take place May 23 to 25 ...

Time April 14, 2025
arrow
News | Artificial Intelligence

Feb. 4, 2025 — Riverain Technologies recently announced it expanded across eight countries in 2024 and added nearly 50 ...

Time February 04, 2025
arrow
News | Artificial Intelligence

Dec. 12, 2024 — At RSNA 2024, Careverse officially made its debut, exhibiting in the AI Showcase area, sharing its ...

Time December 18, 2024
arrow
News | Artificial Intelligence

Dec. 17, 2024 — Radin Health, a provider of advanced radiology AI-Powered solutions, highlighted its All-in-One ...

Time December 18, 2024
arrow
News | Artificial Intelligence

July 26, 2024 — GE HealthCare and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced a strategic ...

Time July 26, 2024
arrow
News | Digital Pathology

July 24, 2024 — Proscia, a developer of artificial intelligence (AI)-enabled digital pathology solutions for precision ...

Time July 24, 2024
arrow
Subscribe Now