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Dr M Group Selects Health Robotics' Technology Over RIVA for all of its I.V. Compounding Centers in South East Asia
Date:9/14/2009

BOZEN, Italy, September 14 /PRNewswire/ -- Health Robotics today reported that Dr M Group has selected the CytoCare(TM) and i.v.STATION(TM) Robots to be deployed across all of its I.V. Compounding Centers in Malaysia, Singapore, Indonesia, Vietnam, and India.

"After multi-year due diligence on 2 companies in the field of I.V. Robotics, the doubts we had on this exciting new technology [due to RIVA's publicly announced multi-year delays in bringing their robot to first hospital's use], and the large capital investment required to automate our I.V. Centers, these 3 factors demanded that we witnessed the real results of these IV Robots with actual hospital visits, rather than simply rely on vendors' stated vision or promises. I visited RIVA's Children's Hospital of Orange County and Health Robotics' University of Colorado and Umberto I University Hospitals. After seeing real patient utilization, we quickly decided to select Health Robotics due to their unique ability to compound both chemotherapy and non-hazardous I.V. Admixtures, much lower total cost of ownership, and finally the fact that in my opinion, Health Robotics' technology is two to three years ahead of RIVA's", stated Dr Viswanathan Mukaya, CEO of Dr M Group.

Since Dr M Group wished to deploy both Cytocare and i.v.STATION on a "pay-per-dose" basis rather than with typical upfront capital investment, this business model, arguably more suited to the South East Asia healthcare market, demanded an adjustment of Health Robotics' customary global indirect sales-channel strategy. Without losing Health Robotics' stated philosophy of multi-year recurring revenue streams and after Dr M Group's selection of Health Robotics' technology, both companies decided to form a new joint venture, Health Robotics SEA Ltd., with the purpose of safely, accurately, and cost-effectively compounding I.V. Admixtures in the above mentioned countries, plus future
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SOURCE Health Robotics
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