Navigation Links
SIAD Healthcare S.p.A. Acquires Minority Ownership in GENICON
Date:10/5/2007

WINTER PARK, Fla. and ASSAGO MI, Italy, Oct. 5 /PRNewswire/ -- GENICON and SIAD Healthcare S.p.A. announced today the formation of a new strategic partnership. Under this new partnership, SIAD Healthcare S.p.A. has made an equity investment in GENICON. With its minority ownership, SIAD Healthcare S.p.A. will have a position on GENICON's Board of Directors, which will be filled by Professor Joseph LaPalombara of Yale University.

In August of 2006, GENICON and SIAD Healthcare S.p.A. entered into a distribution agreement, for the country of Italy, under which SIAD Healthcare started to market GENICON's minimally invasive surgery products within the Italian market.

"I am pleased with this investment and strategic partnership as this will boost some of our R&D programs and will help us to build proper foundations for solid growth of our business in Europe," said Gary Haberland President & CEO of GENICON.

"Our decision to acquire a minority ownership share in GENICON strengthens our partnership and provides a strong signal to the surgical community in Italy, about SIAD Healthcare's long-term commitment to the Minimally Invasive Surgery market," said Bernardo Sestini, President of SIAD Healthcare S.p.A. "Our partnership will help both organizations to grow and will provide several future business opportunities."

GENICON was founded in 1998, and is a privately held corporation based in Winter Park, Florida. The company is focused solely within the Minimally Invasive Surgical market and is an emerging leader in the concept, design, manufacture, and distribution of patented surgical products that are used throughout the global healthcare system.

SIAD Healthcare S.p.A. is part of the Italian Group SIAD S.p.A. Founded in 1927 and currently headquartered in Bergamo, Italy, SIAD Group is a well recognized player within the industrial and medical gas industry. SIAD Healthcare S.p.A. markets a wide range of medical devices for the surgical specialties, instruments and equipment for cryobiology and cell factories, and is active in the design installation and maintenance of medical gases distribution systems.


'/>"/>
SOURCE GENICON
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Healthcare sector is now a multi billion-dollar industry in India
2. Iodex goes to SmithKline Beecham consumer Healthcare
3. Healthcare Professionals Might Want To Rethink Their Dress Code
4. WHO report asks for improved healthcare for mother and child
5. New X-ray machine launched by GE Healthcare
6. India To March Ahead in The Global HealthCare Competition
7. Medical Fraternity Urged To Revamp Indian Healthcare
8. British Healthcare Mission Explores Partnership Possibilities With Indian Healthcare Sector
9. Need For Social Churning Emphasized In CMC Meet On ‘Leadership In Healthcare
10. LINK Applied Genomics Programme Promises To Revolutionize Healthcare Systems
11. India Can Manage World’s Healthcare Crisis By 202
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... ... February 05, 2016 , ... Successful recruitment ... new clinical and scientific initiatives have all marked the last 12 months at ... and CEO of the nation’s oldest cancer center, Candace S. Johnson, PhD, outlined ...
(Date:2/5/2016)... York, New York (PRWEB) , ... February 05, 2016 , ... ... life? The answer may be at the tips of your toes. Foot massage, whether ... as well as pure comfort and relaxation. The American Board of Multiple Specialties ...
(Date:2/5/2016)... ... February 05, 2016 , ... US Sports Camps ... in Dover, NH to direct high-performance kids yoga training. ChildLight Yoga Studio is centrally ... one hour from Boston. , ChildLight Yoga Studio founder Lisa Flynn expresses her excitement, ...
(Date:2/5/2016)... ... February 05, 2016 , ... Give To Cure ... search for and donate to Give To Cure’s campaign that is crowdfunding clinical trials ... users make and share payments through a smart device. In 2015 alone, Venmo processed ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... Dr. Justin ... announce their 2nd Annual No Cost Dental Day to individuals in need. The event ... purpose of this No Cost Dental Day is to provide dental care to community ...
Breaking Medicine News(10 mins):
(Date:2/4/2016)... , Feb. 4, 2016  SciClone Pharmaceuticals, Inc. ... it has entered into a settlement agreement with ... fully resolving the SEC,s investigation into possible violations ... the terms of the settlement agreement, SciClone has ... including disgorgement, pre-judgment interest and a penalty.  This ...
(Date:2/4/2016)... Feb. 4, 2016 Global Immunology Market ... to drive long-term market growth Summary ... of chronic disorders that affect 5–7% of western ... of their symptoms and key patient demographics, they ... immune pathways and an inappropriate immune response. Generally, ...
(Date:2/4/2016)... DIEGO, Feb. 4, 2016  Aethlon Medical, Inc. ... affinity biofiltration devices to treat life-threatening diseases, today ... 2016 ended December 31, 2015. ... objectives set forth in our last quarterly call, ... reinforce our long-term objective to establish the Aethlon ...
Breaking Medicine Technology: