Navigation Links
SeQual Technologies to be Acquired by Chart Industries
Date:12/2/2010

SAN DIEGO, Dec. 2, 2010 /PRNewswire/ -- SeQual Technologies, Inc., a pioneer in portable oxygen technology, has entered into a definitive agreement to be acquired by Chart Industries' wholly owned subsidiary, CAIRE Inc., a leading respiratory care products provider for the home health care market. SeQual has built a strong reputation based on engineering experience and a clinical patient focus. As a leader in portable oxygen concentrators, SeQual will complement and broaden CAIRE'S respiratory portfolio—creating a one-stop-shop for a provider's oxygen needs.

"Chart's years of industry experience, financial stability and global presence will allow SeQual to focus on providing solutions for the oxygen segment of health care," said Ron Richard, CEO and President of SeQual Technologies. "With over 40,000 eclipses deployed throughout the world, SeQual is a proven leader in long-term oxygen therapy and prides itself on clinical efficacy and education. COPD is a leading cause of death and it's imperative to find innovative respiratory solutions for this global need, not only in clinical product offerings, but in programs and patient support as well."

"This transaction combines SeQual's technology and patient-focused product development capabilities with our global marketing, distribution and operating expertise," stated Steve Shaw, President of Chart BioMedical. "We expect to integrate the majority of SeQual's operations during 2011."

Completion of the transaction, subject to customary closing conditions, is expected by the end of January 2011.

Raptor Partners LLC acted as financial advisor to SeQual Technologies Inc. in connection with this transaction.

Certain statements made in this news release are or imply forward-looking statements, such as statements concerning plans, objectives, business trends, and other information that is not historical in nature. These statements are made based on management's expectations concerning future events and are subject to factors and uncertainties that could cause actual results to differ materially. These factors and uncertainties include the satisfaction of customary conditions to closing the transaction, successful integration of the businesses, changes in government health care regulations and reimbursement policies, and economic, political, business and market risks associated with global operations.

About Chart Industries, Inc.

Chart is a leading global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart's products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, the largest portion of which are energy-related. Chart has domestic operations located across the United States and an international presence in Asia, Australia and Europe. For more information on Chart visit: http://www.chart-ind.com.

About SeQual Technologies Inc.

SeQual Technologies, founded in 1991, develops, manufactures and markets products for medical, military, industrial and commercial applications that utilize the Company's proprietary pressure swing adsorption (PSA) technology for air separation. Since 1998, the Company has focused on the development of medical oxygen concentrators; devices that separate oxygen from air to provide supplemental breathing oxygen to individuals with chronic lung disease. SeQual's line of medical oxygen concentrators ranges from its award-winning, 3 LPM (liters-per-minute) continuous flow portable eclipse 3 tm oxygen system to its Integra high-capacity (10 liter per minute) bedside unit. For more information, visit www.sequal.com.


'/>"/>
SOURCE SeQual Technology, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Reportlinker Adds TOP 10 DRUG DISCOVERY TECHNOLOGIES - STRATEGIC ANALYSIS AND GLOBAL FORECASTS
2. China Medical Technologies Reports Second Fiscal Quarter Financial Results
3. TOPAZ Technologies and ML Weekes & Company Announce Partnership
4. InteRNA Technologies Awarded EUR 1.3 Million Innovation Credit From Dutch Government
5. Breathe Technologies Appoints New CEO
6. Medisafe 1 Technologies Exhibition Generates Remarkable Interest at HealthAchieve Conference
7. MarketsandMarkets: Global Top 10 Drug Discovery Technologies Market to be $54 Billion by 2015
8. MedClean Technologies Signs Contract with Gamma HealthCare Inc./Danner Medical Waste for MedClean 4500 Fixed-Based System, Services, and Consumables
9. Althea Technologies Announces Appointment of Rick Hancock as President
10. Medisafe 1 Technologies to Exhibit at Worlds Largest Medical Conference
11. Filtrona Porous Technologies to Display Latest Developments in Bonded Fiber and Polyurethane Foam Component Solutions at the MEDICA / COMPAMED Trade Fair
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/9/2016)... DUBLIN , Dec 9, 2016 ... "High-Throughput Screening Market - Forecast to 2021" report to ... ... adoption of open innovative models in the pharmaceutical and biotechnology ... spending and rising government funding. Emerging markets and growing research ...
(Date:12/9/2016)... , Dec 9, 2016 Research and Markets ... 2016-2020" report to their offering. ... The global travel vaccines market to grow ... The report covers the present scenario and the growth prospects of ... size, the report considers the revenue generated from the sales of ...
(Date:12/8/2016)... LONDON , Dec. 8, 2016 Australia ... GlobalData,s new report, "Australia Ophthalmic Lasers Market Outlook to ... Lasers market. The report provides value, in millions of ... within market segements - Excimer Lasers, Femtosecond Lasers and ... and distribution shares data for each of these market ...
Breaking Medicine Technology:
(Date:12/9/2016)... ... December 09, 2016 , ... Sober College, the game-changing ... grand opening of the Sober College Robert Pfeifer Memorial Learning Center at its ... and was attended by an overwhelming amount of alumni, family, colleagues and friends ...
(Date:12/9/2016)... ... December 09, 2016 , ... Mediaplanet today announces distribution of the latest edition ... to sign up as an organ donor for the 123,000 people in the United ... donor can save up to 8 saves through organ donation and enhance many others ...
(Date:12/9/2016)... ... December 09, 2016 , ... MEDI+SIGN®, a ... today that a new solution for Emergency Departments (ED) has been added to ... in Emergency Department examination rooms, and with a simplified pallet of information available ...
(Date:12/9/2016)... Harrisburg, PA (PRWEB) , ... December 09, 2016 ... ... concussion education program through the Pennsylvania Cable Network (PCN) during the summer of ... Brain Injury Implementation Grant provided by the United States Department of Health and ...
(Date:12/8/2016)... ... December 08, 2016 , ... The Florida ... Undersea and Hyperbaric Medical Society (UHMS), the leading authority in hyperbaric medicine. This ... Only a few hospitals and facilities have earned this distinction. This is the ...
Breaking Medicine News(10 mins):