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About SRS Medical - News
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For Immediate Release
SRS Medical Purchases Urodynamics and Incontinence Product Lines from
Endocare
Latest Acquisition in Incontinence and Women’s Health
Billerica, Massachusetts – October 16, 2003
SRS Medical Corp. today announced that it had acquired all assets
related to urodynamic products and certain incontinence treatment devices
from Endocare, Inc. of Irvine CA (ENDO.PK). The transaction, valued
at approximately $3 million, includes the intellectual property, customer
lists and inventory related to the Timm Medical and Browne™ urodynamic
products, as well as the C3™ (male) and StepFree™ (female)
devices for incontinence treatment.
This is the third significant acquisition by SRS Medical in the area
of incontinence and women’s health. In January of this year, SRS
Medical acquired substantially all of the assets of Asbrook/Eris of
Ventura CA, a leading manufacturer of urodynamic products, and previously
acquired the In-Flow™ device, an advanced technology for female
atonic bladder, from American Medical Systems, Inc. (AMS) of Minnetonka
MN (Nasdaq: AMMD).
Urodynamic products are used to evaluate urinary tract function and
provide the medical justification for most therapeutic interventions
related to urinary incontinence and other voiding disorders. Many analysts
believe that the market for urodynamics is poised for rapid growth,
due to an increasing recognition of the value of establishing a diagnostic
basis for treatments, as well as increases in the rate of reimbursement.
At a time when rates for most procedures are being cut, CMS/Medicare
this year announced increased reimbursement averaging 40% for urodynamics.
SRS Medical CEO Kevin M. Connolly said that the purchase of these product
lines is consistent with the company’s strategy of offering a
comprehensive program for the diagnosis and conservative treatment of
incontinence.
“The Endocare products fit seamlessly into our continence care
program. In particular, this acquisition provides us with the customer
base to leverage both our Eris technology and Endocare’s new urodynamic
systems.”
William J. Nydam, President of Endocare, commented, “This is a
transaction that works for both parties. The Timm/Browne urodynamics
are well respected products that fit with SRS Medical’s program
and the sale of this product category is in line with Endocare’s
announced strategy to refocus its efforts on its core platform technology
of tumor ablation.”
SRS Medical Corp. is a wholly-owned subsidiary of SRS Medical Systems,
Inc., a privately held Delaware corporation with facilities in Billerica
MA and Redmond WA. To learn more about SRS Medical and its products,
please visit http://www.srsmedical.com.
Contact: Jane Stansbury, Vice President
Mail to: jstansbury@srsmedical.com
Telephone: 800-345-5642, 425-882-1101
Fax: 425-882-1935
Urodynamics and Urodynamic Medical Solutions are provided by SRS Medical
to provide better care for your medical patients. Best Practice for
the care of patients with lower urinary tract symptoms (LUTS) includes
urodynamics for prescriptive diagnosis. Urodynamics is good medicine
and, due to increases in reimbursement, urodynamics, and urodynamic
in general,now makes financial sense. SRS Medical offers such Urodynamic
treatments and solutions such as the Eris Clarity System. The Clarity
System features advanced technology from Eris, the group that first
introduced computer-assisted urodynamics. In particular, the Eris Clarity
System features two unique technologies that have significant real-world
clinical benefits when dealing with Urodynamics: Effective Treatment
of Urodynamic related illness begins with Accurate Diagnosis such as
Pharmaceuticals, Conservative Treatments, Surgical Prodcedures Along
with patient treatment of Urodynamic related illness and manufacturer
of Urodynamic medical equpment, SRS Medical, Inc also deals with Incontinence,
Supplier of the In-Flow product, Uro, Bladder, Biofeedback, Urinary,
Pelvic, Catheter, Women's health, Urodynamics, Retention, Disability,
Rehabilitation, Conservative treatment, Spina Bifida, Electromyography,
Neurostimulation, Platinum, American Medical, Voiding, Orion, Influence,
Urology, Kegel, Sensor, Colorectal, Levator ani, Atonic bladder, Gynecology,
Uroflow, Overflow, Prosthetic, Physical therapy, Behavioral therapy,
MS, Neuromuscular, Stimulation, Gemini, Medtronic, Overactive bladder,
Perry, Urethra, EMG, Constipation, PVR, Urogynecology, Leak point,
Rehab, Bulking agents, E-stim, SenseRx, Pathway, Pediatric Urology,
Bedwetting and ControlWorks. In the world of urology and gynecology,
SRS Medical deals with women's health such as bladder, pelvic, urethra,
intraurethral, urine and neuromuscular disorders. Urodynamics of the
urodynamic system can use catheter and urodynamic biofeedback to treat
incontinence, atonic, retention, acontactile, neurogenic, LUTS. SRS
Medical are medical manufacturers of the EasyPro, Orion, In-Flow, EasyFlo
and C3 Penile Clamps. Browne, Eris, Perry, Influence, Timm, Endocare,
AMS, EMG, leak-point, post-void residual, urogynecology, OB/GYN, female
urology, rehabilitation, rehab, physical therapy, PT, colorectal, pediatric
urology, voiding, bladder neck, penis, prostate, void, levator ani,
prosthetic, urethral insert, Kegel exercises, Foley, e-stim, neurostimulation,
electrical stimulation, intermittent catheter, intermittent catheterization,
CIC, vaginal cones, penile clamp, catheterization, stimulation, bulking
agents, injector, diagnosis, conservative therapy, conservative treatment,
office-based, overflow, UTI, stress incontinence, urge incontinence,
mixed incontinence, overactive bladder, neurogenic bladder, spina bifida,
MS, multiple sclerosis, SCI, spinal cord injury, post-stroke, stroke,
ui, diabetes, disability, Clarity, Regain, Gemini, sUrge, ControlWorks,
MuscleWorks, GameWorks, MEP, SenseRx, American Medical, Pathway, Prometheus,
Hollister, Platinum, Personalmed, Personal Medical, Kevin Connolly,
David Mahoney, pressure, CMG, air-charged, electrodes, sensors, transducers,
tubing, PVR, water perfusion, microtip. This web site designed by Bower
Web Solutions, Inc.
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