Telemedicine Equipment and Technology Provider AMD Telemedicine Clinical Business Acquired by Management-Led Group
Global Telemedicine Company Separates Business Units for Sharper Focus on Individual Markets
November 27, 2006AMD Telemedicine, Inc., a telemedicine equipment and technology provider (www.amdtelemedicine.com), today announced that its clinical business has been acquired by an executive team led by company Chief Operating Officer Steve Normandin, who will now become president of the new venture. Terms of the transaction were not disclosed.
The acquired clinical telemedicine equipment business unit will continue to operate under the name AMD Telemedicine. The former company's other division, which is focused on telemedicine systems for the home monitoring market, will also continue as a separate company under the name AMD Telehealth, Inc. Mark VanderWerf, who served as president of AMD Telemedicine prior to the acquisition, will now be president of AMD Telehealth.
As a result of the acquisition, with more than 5000 installed sites in 68 countries, the new AMD Telemedicine is positioned as the leading, worldwide supplier of medical devices and related peripherals used in telemedicine. "This acquisition is a tremendous opportunity for the new AMD Telemedicine," said Steve Normandin. "The telemedicine technology industry is primed for tremendous growth; and with our 15 year history of success in providing and supporting easy-to-use telemedicine products, our team of professionals is positioned to support this growth on a global scale. We can furnish telemedicine equipment, technology, and medical peripherals wherever they are needed around the world. We're very excited about this next phase of telemedicine."
The new AMD Telemedicine will continue to provide its best-selling line of telemedicine equipment and technology including the AMD-400 Camera & Illumination Source, the AMD-3550 SmartSteth Digital Electronic Stethoscope, and the AMD-2500 General Examination Camera.
With installations in seven countries, AMD Telehealth will continue to sell and expand its CareCompanion line of home monitoring products and services. The company recently announced its industry leading second generation CareCompanion product combined with complete implementation, training, support, and service offerings.
"We have been actively separating the functions of these two businesses over the past three years," said Mark VanderWerf. "This separation into two independent companies is a natural evolution. It will allow each company to focus its strengths and resources on the needs of each individual target market. The clinical business has a very strong foundation with leading products and majority market share. The homecare business has a strong foundation with, perhaps, the most advanced technology in its sector and growing market share."
About AMD Telemedicine
AMD Global Telemedicine is the leading, worldwide supplier of telemedicine equipment and technology devices used in telemedicine with more than 5,000 installed sites in 74 countries. AMD devices and tConsult™ software products offer clinically acclaimed, cost-effective solutions for the most challenging medical applications. AMD also provides complete technical support in program design, device integration, training, and remedial service to assure a successful program implementation. For more information on AMD Telemedicine, please visit www.amdtelemedicine.com, email firstname.lastname@example.org,or call 866-511-0923.