Tuesday, August 31, 2004

Graham-Field signs three-year battery deal

ATLANTA - Graham Field Health Products has signed an agreement to jointly develop a battery system power for wheelchairs and scooters with Valance Technology, based in Austin, Texas. The deal calls for G-F to buy at least $20 million in Valence’s U-Charge Power System over the three-year term of the contract. The U-Charge Power System is a family of Lithium-ion energy storage systems that offers twice the run-time, requires little to no maintenance, delivers greater energy density, better reliability, longer life and more safety at a lower cost of ownership than lead-acid batteries, according to Valance.
Investors applaud Invacare’s Domus buy

ELYRIA, Ohio - Invacare boosted the value of its stock by 10% after the Aug. 2 announcement that it paid $230 million for WP Domus, a European-based holding company that makes power add-on products, bath lifts and walking aids. Domus is forecasting total 2004 sales of $116 million at recent exchange rates. Invacare plans to run the three Domus divisions - Alber, Aquatec and Dolomite - as independent operating units.
Trac Medical signs Praxair

SCHENECTADY, N.Y. - Count Praxair Healthcare as the latest big-money client for Trac Medical Solutions’ CareCert e-CMN solution. Praxair plans to roll out CareCert with its HME application software in 112 locations across 27 states. Trac now covers more than 1,050 locations with CareCert. It’s HME client list includes Apria, Air Products Healthcare and American HomePatient.

A federal judge in California rejected an attempt by Viasys Healthcare to move its struggle with Innomed Technologies to another court room. Viasys is trying to distribute a nasal CPAP interface that Innomed says violates its patent... Zevex and Royal Numico have signed a strategic distribution, manufacturing and service agreement that makes Numico’s Clinical Nutrition Division the exclusive distributor of future ZEVEX enteral feeding pumps in several major markets outside of North America.