Ascent Healthcare Solutions Stryker Oscillating & Sagittal Blade - Reprocessed Sterile device -- Powered Saw and Accessories. Medical technology company Stryker Corp. said today it has acquired the privately held medical device remanufacturer Ascent Healthcare Solutions, Inc. in a $525 million cash on this website is designed to support, not to replace the relationship
Location. The transaction is expected to be neutral to Stryker's 2010 earnings per share and accretive thereafter. Medical technology company Stryker Corp. said today it has acquired the privately held medical device remanufacturer Ascent Healthcare Solutions, Inc. in a $525 million cash transaction. BVI Medical was founded in 1965 and is based in Waltham, Massachusetts. Contact Email [emailprotected] Phone Number 888 888 3433. Ascent's product offering includes cardiovascular, orthopedics, gastroenterology, and general surgery devices that must comply with the FDA's 510(k) and Quality System Regulation requirements. 12/2/2009 Announced Date Dec 1, 2009 Acquisition Terms Cash Recent News Duke asks that patient privacy suit be thrown out, Healthcares Ongoing Labor Challenges: Its Not All Bad News, Statins vs. supplements: New study finds one is 'vastly superior' to cut cholesterol, Hospital giant HCA fends off accusations of questionable inpatient admissions, Social Determinants of Health Measures, Baked into the EHR, Are Improving Patient Care, It's Final: Physician Payments Take a Big Cut for 2023, Expect a Reduced Access to Care They Say, What causes Alzheimer's? The board of directors of Stryker and the board of directors and shareholders of Ascent Healthcare Solutions have approved the transaction. The business will become a division of Stryker operating under the MedSurg group of businesses and will continue to be known as Ascent Healthcare Solutions. 1 reprocessor of single-use medical devices in the country, according to a release from Stryker. Contact Us 888-552-0860 We leverage a proven operational model that is designed to fit seamlessly into your organizational structure by improving revenue, internal costs, cash flow, profit margins, timeliness and patient relationships. Ending racism in healthcare often begins with medical education - and is the target of a new national project. Currently, Ascent processes over 8 Million claims totaling nearly $2 Billion dollars on an annual basis. 09 November 2022. Which proven Best Practices can best help yourpractice thrive? 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ParaMed Corporation manufactures and markets products for emergency evacuation in medical, industrial and commercial applications. Stryker. Ascent Healthcare Solutions was formed through the 2005 merger of Vanguard Medical Concepts and Alliance Medical Corporation, two leading players in the reprocessing and remanufacturing of medical devices. https://www.news-medical.net/news/20100103/Stryker-acquires-Ascent-Healthcare-Solutions.aspx. Our unique combination of healthcare expertise, innovative technology and highly skilled professionals yields cost and operational efficiencies that are among the most favorable in the industry. Strykers Sustainability Solutions (SSS) is the leading provider of reprocessing and remanufacturing services for single-use medical devices. Reprocessing of single-use medical devices (SUDs) is the practice of inspecting, cleaning, function testing, sterilizing and packaging so that they can be clinically and safely used again. As VP of marketing and business development of Stryker Sustainability Solutions from January 2010 to December 2011, Arthur guided the strategic direction for the division and served in similar roles for SRS, Inc., Alliance Medical Corporation and Ascent Healthcare Solutions, all predecessor companies of Stryker Sustainability Solutions. Please note that medical information found
Orthopedics products maker Stryker Corp. announced Monday that it agreed to acquire privately-held Ascent Healthcare Solutions, Inc. for $525 million in an all cash deal. On December 31, 2009, Stryker Corp. acquired medical products company Ascent Healthcare Solutions, Inc. from RoundTable Healthcare Management and Apax for 525M USD Acquisition Ascent Healthcare Solutions. What is reprocessing? Stryker. Its products include EMR solutions, PACS, practice management software and offsite image backup services. Stryker Completes Acquisition of Ascent Healthcare Solutions. Major life stressors may worsen long COVID symptoms, Cloned SIA licenses led to unlicensed people working as hospital security during pandemic, Abortion issue helps limit Democrats losses in midterms, Highly processed foods have addictive potential just as tobacco, Tissue nanotransfection shows promise as a treatment for traumatic muscle loss. Click Now. The Ascent healthcare solution includes new elevated accessibility seats with easy-to-read signage and a removable click-on-off cushion. Ascent's market leadership position has been driven by its broad product offering, which includes cardiovascular, orthopaedics, gastroenterology and general surgery devices that must comply with the U.S. Food and Drug Administration's 510(k) and Quality System Regulation (QSR) requirements. The boards at Stryker and Ascent Healthcare Solutions have approved the transaction, which is expected to close by the end of the year. The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical. Ascent's clients are among the most satisfied in the industry. Thank you, 2022 Healthcare Finance is a publication of HIMSS Media, RSV surge is overwhelming some hospitals and pediatric care capacity, AMA: MA plans suffer from lack of competition, CVS and Walgreens agree to pay $10 billion to settle opioid claims, Healthcare organizations ask HHS to delay quality measure reporting for ACOs. "Conducted in accordance with FDA regulations, reprocessing and remanufacturing is one of the most impactful programs in use at hospitals, allowing for significant costs savings to the healthcare system," said Stryker CEO Stephen P. MacMillan. 2022 MJH Life Sciences and Infection Control Today. Ascent Healthcare Solutions, Inc. is an independent third-party reprocessor of single-use medical devices in the healthcare industry. The Company's services include reprocessing and remanufacturing medical devices. Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. "With Ascent as part of Stryker, we will also help divert thousands of pounds of medical waste from landfills while simultaneously redirecting substantial financial resources to patient care quality initiatives.". Ascent, with a staff of more than 900, reported 2008 sale in excess of $100 million. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. This is Strykers 1st transaction in the Medical Products sector. The closing is conditioned on the expiration or termination of all applicable waiting periods pursuant to the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. As indicated in the November 30, 2009 press release, Ascent will become a division of Stryker operating under the MedSurg group of businesses and will continue to be known as Ascent Healthcare Solutions. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The Firm generally pursues platform acquisitions valued from 1 to 5 billion. 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See reviews, photos, directions, phone numbers and more for Ascent Audiology Hearing locations in Leesburg, VA. (2019, June 19). News-Medical. Stryker Corporation today announced a definitive agreement to acquire privately held Ascent Healthcare Solutions, Inc. the market leader in the reprocessing The company offers News-Medical, viewed 09 November 2022, https://www.news-medical.net/news/20100103/Stryker-acquires-Ascent-Healthcare-Solutions.aspx. between patient and physician/doctor and the medical advice they may provide. Web page addresses and e-mail addresses turn into links automatically. All rights reserved. "Conducted in accordance with FDA regulations, reprocessing and remanufacturing is one of the most impactful programs in use at hospitals, allowing for significant costs savings to the healthcare system. "The acquisition of Ascent Healthcare Solutions with its talented team will enhance our value proposition to hospitals and healthcare providers," said Stephen P. MacMillan, Stryker's Chief Executive Officer. This site complies with the HONcode standard for trustworthy health information: verify here. Reprocessing of How can your practice collect more revenuewith less effort. News-Medical. Stryker Corp. has announced a definitive agreement to acquire privately held Ascent Healthcare Solutions Inc. Human resource training clerk (Former Employee) - Lakeland Florida - February 1, 2012. How An Investor's Hands-On Approach Led To A $525M Exit, RoundTable Healthcare Partners Sells Ascent Healthcare Solutions To Stryker Corporation. With over 900 team members, Ascent achieved sales in 2008 in excess of $100 million. ASCENT HEALTHCARE SOLUTIONS. Public sector broadband solutions and network services. Schedule APractice Profitability "The acquisition of Ascent Healthcare Solutions with its talented team will enhance our value proposition to hospitals and healthcare providers," said Stephen P. MacMillan, Stryker's CEO. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Ascent currently provides cardiovascular, orthopedics, gastroenterology, and general surgery devices to 1800 hospitals and numerous Group Purchasing Organizations in North America. Ascent's clients are among the most satisfied in the industry. Our client retention rate over the past seven (7) years has been 100%, and the bulk of our growth since inception has been from existing client referrals. Stryker works with respected medical professionals to help people lead more active and more satisfying lives. This reflects the excellent service we provide our clients and the true value they receive. Registered in England and Wales. Due to its modular quality, its easy to incorporate the accessibility seating into the existing seating system, further ensuring Ascent meets healthcare furnitures national and international requirements. 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