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:3/24/2017)... ... ... Digital Scientists, a software innovation lab specializing in web design and ... Carolina location. The lab has set up shop at the renowned NEXT Innovation ... Carolina clients for years from our office here in Atlanta,” explains Digital Scientists’ CEO, ...
(Date:3/24/2017)... , ... March 24, 2017 , ... ... planning, and related services to families and business owners across eastern Michigan, is ... feeding regional families struggling with financial difficulties. , The Oxford/Orion FISH Food Pantry ...
(Date:3/24/2017)... ... 2017 , ... On June 9, 2017, Cassie Springer Ayeni ... in Chicago, Illinois. She will present on: , Filing Benefit Claims—Responding to ... involve claims for long-term disability benefits. This session will address the first ...
(Date:3/24/2017)... , ... March 24, 2017 , ... ... first Certified Medical Reiki™ Master in Frederick, MD. Judy says, “I am passionate ... during what is often a very difficult and challenging time.” , A Certified ...
(Date:3/24/2017)... ... 24, 2017 , ... “The Adventures of Joey, The Dog Who Barks at ... his life to the fullest, as God intended. “The Adventures of Joey, The Dog ... and grandmother pursuing her passion for writing, especially about truth and human behavior. , ...
Breaking Medicine News(10 mins):
(Date:3/24/2017)... Research and Markets has announced the addition of the "Global Idiopathic ... ... strong with a total of 97 drug candidates. Pharma giant such as ... in the development of the IPF therapeutics. The IPF pipeline comprised of ... are in Phase II stage, 12 are in Phase I stage, 39 ...
(Date:3/24/2017)... DUBLIN , Mar 24, 2017 Research ... Supplies - Global Strategic Business Report" report to their offering. ... The report provides separate comprehensive ... , Europe , Asia-Pacific , ... and forecasts are provided for the period 2015 through 2022. Also, a ...
(Date:3/24/2017)... 23, 2017  Provectus Biopharmaceuticals, Inc. (OTCQB: PVCT, ... clinical-stage oncology and dermatology biopharmaceutical company, today disclosed ... Term Sheet (the "Definitive Financing") it entered into ... Company,s stockholders, who are referred to in the ... 8-K filed with the Securities and Exchange Commission. ...
Breaking Medicine Technology: