SRS Medical Systems Inc. Innovative Solutions for Incontinence
Home
Products
Contact Us
About SRS Medical
Continuing Education
Urodynamic Supplies

About SRS Medical - News

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.