This Thursday, Jan 25th is our next Clean Sweep Live Auction: Click to view the full catalogue and pre-bid now

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
Current Location:
> This Story

Log in or Register to rate this News Story
Forward Printable StoryPrint Comment



Business Affairs Homepage

Does health care hold the key to IBM's market comeback? With stock values a mere shadow of their former glory, Big Blue seeks redemption in health IT

Change Healthcare acquires NDSC Enables delivery of medical guidelines through EHRs to the point of care

Canon to step up payoff of Toshiba Medical deal debt Setting aside $1.79 billion to double its repayments in 2018

Hit with $6.2 billion charge, GE considering major shake-ups CEO Flannery 'deeply disappointed' and weighing all options

Global health and medical insurance providers market to hit $1.6 trillion by 2020 Major driving force is the growing elderly population

MITA and others call for long-term solution to medical device tax First payment under tax is due by January 29

Radiology Partners and three universities establish radiology research center Will focus on improving best practices

Philips to relocate NA headquarters from Andover to Cambridge Relocation in Mass. brings company to innovation hub

HealthGrid partners with Iatric Systems to help MEDITECH hospital meet MU requirements

Guerbet to buy Accurate Medical Therapeutics for over €19.5 million Company has its eye on the interventional radiology market

Trophon system courtesy of GE Healthcare

Nanosonics, GE Healthcare extend relationship on probe disinfectant

by Thomas Dworetzky , Contributing Reporter
Australia-based Nanosonics has announced that it has entered into a new capital reseller deal with GE Healthcare to go into effect when the present distribution arrangement ends.

The deal is for three years and is set to start July 1, 2019, the company said in a statement.

Story Continues Below Advertisement

CT, MRI, NM, SPECT/CT, PET & PET/CT service, refurbished systems and parts

Accelerate your ROI with our Black Diamond Certified refurbished systems. One year warranty - ISO 13485 Certified - FDA registered - Over 65k parts in inventory

It gives GE customers ongoing access to trophon, an ultrasound probe disinfection system, through GE's North American ultrasound sales channel.

The two companies have also introduced “a framework” to assess new opportunities as they develop.

“The trophon technology is clearly well advanced in establishing itself as standard of care in North America,” said president & CEO Michael Kavanagh. “This is a great testimony not only to the excellent value proposition of the technology but also the excellent support GE Healthcare has provided as a leader in ultrasound solutions over the last six years.

“We very much welcome the opportunity to continue our relationship with GE beyond the existing agreement as we continue to further establish trophon as standard of care not only in North America but across international markets,” he added.

The company began in 2001 and is headquartered in Sydney, Australia, according to its website.

Nanosonics shares jumped about 14 percent, according to the company site, when news of the deal hit.

The company was first listed on the Australian Securities Exchange in 2007.

Its trophon ultrasound transducer disinfecting system got clearance from the FDA in 2011 and is sold in the U.S., Canada and Europe.

Because the system reduces the time needed for disinfection, more patients can be scanned. It is situated in the same room as the ultrasound device, according to the company.

The company also issued its 2017 full year financial results. It had sales of $67.5 million, up 58 percent year-on-year from $42.8 million.

Operating profit before tax was $13.9 million, up from a year-ago $136,000. Free cash flow was $15.1 million, up from the year-ago $1.9 million. The company has cash reserves of $63 million.

In North America its installed base rose 42 percent, or up 3,700 units, to about 12,400 by the end of June. The global installed base is now above 14,100 units.

The 2017 financial year was a big boost for the firm. “Record sales and profit results were achieved, the installed base of trophon grew strongly and market fundamentals continued to strengthen internationally with the introduction of a new series of guidelines,” said Kavanagh.

Back to HCB News
  Pages: 1

Business Affairs Homepage

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2018 DOTmed.com, Inc.