Navigation Links
Stereotaxis Signs Agreement With Leading Leasing Specialist to Offer Alternative Financing to Hospital Customers
Date:3/12/2009

Agreement with Relational Technology Solutions Provides Hospitals with Financial Flexibility for their Purchase of Niobe(R) Magnetic Robotic Systems

ST. LOUIS, March 12 /PRNewswire-FirstCall/ -- Stereotaxis, Inc. (Nasdaq: STXS) today announced that it has reached an agreement with Relational Technology Solutions (RTS) that will allow the Company to offer its hospital customers an alternative financing arrangement for their purchase of Stereotaxis Niobe(R) magnetic robotic systems. Under the agreement, hospitals will be able to fund a Niobe purchase through monthly operating lease payments.

"With this agreement with RTS, Stereotaxis is able to offer hospital administrators enhanced financial flexibility in their purchase of a Stereotaxis system," said Mike Kaminski, Stereotaxis President and CEO. "The operating lease arrangement is an attractive alternative which allows customers to match revenue growth in EP with new technology costs. RTS is very well-regarded in the industry, and we are very happy to be working with the firm to provide our customers with financing alternatives."

"Based on Stereotaxis' unique approach to treating coronary-related diseases and established presence in the healthcare market, Relational Technology Solutions is pleased to enter into a formal partnership with such an innovative company," said Jeff Ehlers, Chief Executive Officer at RTS. "In the current economic environment, it's important that hospitals maintain the financial options necessary to acquire innovative medical technologies that not only improve patient care but are also cost effective. RTS looks forward to working with these organizations and creating custom financing solutions, which will enable them to obtain Stereotaxis technology and maintain a competitive advantage." Relational Technology Solutions currently manages a one billion dollar equipment portfolio spanning medical, IT and telecommunications assets, and provides extensive coverage of the U.S. and Canadian medical equipment capital markets.

About Stereotaxis

Stereotaxis designs, manufactures and markets an advanced cardiology instrument control system for use in a hospital's interventional surgical suite to enhance the treatment of coronary artery disease and arrhythmias. The Stereotaxis System is designed to enable physicians to complete more complex interventional procedures by providing image guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites. This is achieved using computer-controlled, externally applied magnetic fields that govern the motion of the working tip of the catheter or guidewire, resulting in improved navigation, shorter procedure time and reduced x-ray exposure. The core components of the Stereotaxis system have received regulatory clearance in the U.S., Europe and Canada.

About Forward Looking Statements

This press release includes statements that may constitute "forward- looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance for the Company's products in the marketplace, competitive factors, changes in government reimbursement procedures, dependence upon third-party vendors, and other risks discussed in the Company's periodic and other filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. There can be no assurance that we will recognize revenue related to our purchase orders and other commitments in any particular period or at all because some of these purchase orders and other commitments are subject to contingencies that are outside of our control. In addition, these orders and commitments may be revised, modified or canceled, either by their express terms, as a result of negotiations, or by project changes or delays.

http://www.stereotaxis.com/


'/>"/>
SOURCE Stereotaxis, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Stereotaxis Announces First Uses of the NAVISTAR(R) RMT THERMOCOOL(R) Catheter
2. Stereotaxis Announces FDA Approval of the NAVISTAR(R) RMT THERMOCOOL(R) Catheter
3. Stereotaxis Reports Fourth Quarter 2008 Financial Results
4. Stereotaxis Annouces First CTO Crossing Procedure With RF PowerAssert(TM) Magnetic Guidewire
5. Stereotaxis to Raise $20 Million in Registered Direct Offering of Common Stock and Warrants
6. Stereotaxis Reports Third Quarter 2008 Financial Results
7. Stereotaxis Announces New Management Appointment
8. Stereotaxis Reports Record Second Quarter Revenue
9. Stereotaxis Announces Second Quarter 2008 Earnings Release Date and Conference Call
10. Stereotaxis Magnetic Navigation System Used to Successfully Treat an Inoperable Congenital Heart Defect in a 10-Year Old Patient
11. Stereotaxis Reports Record First Quarter Orders
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... ... May 25, 2016 , ... The Global Wellness Summit (GWS) today announced that ... offerings of Europe, a continent that pioneered the medical/wellness concept for the world. , ... in medical wellness, including Henri Chenot, Founder of the Chenot Group, which operates wellness ...
(Date:5/25/2016)... , ... May 25, 2016 , ... Casa Velas, an ... properties of precious stones to complement its new wellness suites . The two ... and feature a plethora of special services and insuite amenities, from a custom soap ...
(Date:5/25/2016)... ... May 25, 2016 , ... America Walks , a national advocacy ... of the University of Pittsburgh Graduate School of Public Health , has been ... and 24 other advocates from around the country to participate in a four-month training ...
(Date:5/25/2016)... ... 25, 2016 , ... "FCPX LUT Intense allows users to cycle through different ... - CEO of Pixel Film Studios. , With the FCPX LUT Intense ... grades to their footage. A LUT is a Lookup Table that contains a mathematical ...
(Date:5/25/2016)... , ... May 25, 2016 , ... Consumer access to ... early June 2016, Kashi®, a maker of whole grain cereals and other plant-based foods, ... Transitional ingredient: hard red winter wheat processed by Hesco/Dakota Organic Products. , The ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... , May 23, 2016 The World Health Organization ... device to include adolescents aged 13 years, and above. ... be offered for adult and adolescent males in the 14 ... . PrePex was the first male circumcision device to receive ... CEO, Eddy Horowitz said: " The expanded ...
(Date:5/23/2016)... 2016 Gamida Cell, a leader ... cancer and orphan genetic diseases, announced today it has ... from the Israel Innovation Authority (formerly the Office of ... and Industry. The mission of the Israel Innovation Authority ... including science and technology, while stimulating economic growth. ...
(Date:5/22/2016)... , May 23, 2016 ... develop its anti-fibrotic and anti-inflammatory compound DS102 in ... as in non-alcoholic steatohepatitis (NASH) patients. ... significantly sequestered in lung tissue and has bronchodilatory, ... after oral administration. The Company will publish further ...
Breaking Medicine Technology: