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News Article | May 26, 2017
Site: globenewswire.com

DENVER, May 26, 2017 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the global leader in emergency air medical services, will make its first quarter financial results available on the Company’s secure website on May 30, 2017. Access to the financial results will be available on a confidential basis only to the following qualified parties as set forth in the Indenture (the “Indenture”) dated as of April 21, 2017, among the Company (as successor to ASP AMC Merger Sub, Inc.), the guarantors party thereto and Wilmington Trust, National Association, as trustee: (1) holders of the notes issued under the Indenture, (2) prospective investors in the Notes that certify to the reasonable satisfaction of the Company that they are either (i) Qualified Institutional Buyers, within the meaning of Rule 144A of the Securities Act of 1933, as amended or (ii) non-U.S. persons, as defined in Regulation S of the Securities Act of 1933 and (3) securities analysts and market making financial institutions that are reasonably satisfactory to the Company. To access the financial results, a party must pre-register and certify that it is qualified to do so.  To receive information on how to pre-register and become certified, parties must send an email to Kevin.Campbell@airmethods.com requesting access to the financial results.  The Company will then provide further information on how to access the secure website. Subsequent to the posting of the financial results, such information will be available (along with other information required to be posted by the Indenture) on the Company’s secure website.  You can gain access to the secure website at any time by completing our certification process as described above. About Air Methods Air Methods Corporation (www.airmethods.com) is the global leader in air medical transportation. The Air Medical Services Division is the largest provider of air medical transport services in the United States. The United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. The Tourism Division is comprised of Sundance Helicopters, Inc. and Blue Hawaiian Helicopters, which provide helicopter tours and charter flights in the Las Vegas/Grand Canyon region and Hawaii, respectively. Air Methods’ fleet of owned, leased or maintained aircraft features approximately 500 helicopters and fixed wing aircraft. Media Contact Christina Ward, Director of Corporate Communications, (303) 256-4122, christina.ward@airmethods.com. Please contact Christina to be included on the company’s e-mail distribution list.


News Article | May 26, 2017
Site: globenewswire.com

DENVER, May 26, 2017 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the global leader in emergency air medical services, will make its first quarter financial results available on the Company’s secure website on May 30, 2017. Access to the financial results will be available on a confidential basis only to the following qualified parties as set forth in the Indenture (the “Indenture”) dated as of April 21, 2017, among the Company (as successor to ASP AMC Merger Sub, Inc.), the guarantors party thereto and Wilmington Trust, National Association, as trustee: (1) holders of the notes issued under the Indenture, (2) prospective investors in the Notes that certify to the reasonable satisfaction of the Company that they are either (i) Qualified Institutional Buyers, within the meaning of Rule 144A of the Securities Act of 1933, as amended or (ii) non-U.S. persons, as defined in Regulation S of the Securities Act of 1933 and (3) securities analysts and market making financial institutions that are reasonably satisfactory to the Company. To access the financial results, a party must pre-register and certify that it is qualified to do so.  To receive information on how to pre-register and become certified, parties must send an email to Kevin.Campbell@airmethods.com requesting access to the financial results.  The Company will then provide further information on how to access the secure website. Subsequent to the posting of the financial results, such information will be available (along with other information required to be posted by the Indenture) on the Company’s secure website.  You can gain access to the secure website at any time by completing our certification process as described above. About Air Methods Air Methods Corporation (www.airmethods.com) is the global leader in air medical transportation. The Air Medical Services Division is the largest provider of air medical transport services in the United States. The United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. The Tourism Division is comprised of Sundance Helicopters, Inc. and Blue Hawaiian Helicopters, which provide helicopter tours and charter flights in the Las Vegas/Grand Canyon region and Hawaii, respectively. Air Methods’ fleet of owned, leased or maintained aircraft features approximately 500 helicopters and fixed wing aircraft. Media Contact Christina Ward, Director of Corporate Communications, (303) 256-4122, christina.ward@airmethods.com. Please contact Christina to be included on the company’s e-mail distribution list.


News Article | May 23, 2017
Site: www.techradar.com

Thanks to smartphones and the likes of Google Maps, the stress has largely been taken out of finding a location. In theory you need never again experience the cold sweat of trying to decipher a series of scribbled directions as you search for the street where your job interview is taking place. However, how many times have you tapped in a postcode (or zip code), been guided to a location and had your device confidently tell you that "you have reached your destination", only for you to look up from your phone to see no obvious entrance or signs of life? And that's the rub. Postcodes were never designed to offer a precise location, but rather to identify a group of properties or addresses, and a satnav will direct you to the center of that group. In the UK alone there are 1.8 million postcodes, each covering about 15 properties – but in reality one can really be expected to identify anywhere between one and hundred. Zip codes are even worse, corresponding to address 'groups' or 'delivery routes'. That said, postcodes are still seen as the best way to navigate to a location, thanks to their unique arrangement of letters and numbers, which reduces the risk of heading to a similarly named road miles away. But what if you could be even more precise? The obvious answer is to use GPS co-ordinates, but while they can be incredibly precise, their overly long and easily forgettable set of digits make them impractical for widespread consumer use. There is, however, an alternative. London-based tech firm what3words has divided the entire globe up into 3 x 3 meter squares (roughly 10 x 10ft) – that's 57 trillion squares – and used an algorithm to assign each individual square a unique three-word address from a list of 40,000 words. So for the London office of TechRadar, where this piece is being written, the address would be 'ideas.coach.string', while a short wonder along the corridor to reception sees the address change to 'breed.mason.arch'. The system has also been designed to reduce human error, so similar word combinations aren't nearby each other, while if you spell a word incorrectly it will suggest the most obvious place. This is all done via the free app, which lets you not only pinpoint exactly where you are, but also share your location and enter a three-word address, which you can then navigate to using the likes of Google Maps. We must admit we were sceptical about the whole idea of what3words until trying the app, but it really does work – and with far greater precision than we've experienced by simply using a postcode. There's a fee for businesses use, but what3words does make a good business case for itself. For instance, while the address for an office might lead you to the main reception, for many couriers, the entrance to the postroom could be on the other side of the building. Using a three-word address, then, has the potential to cut down on wasted time and speed up deliveries. What3words has benefits beyond cities too. For example it could mean no more struggling to meet friends at festivals or sporting events with sometimes patchy mobile reception and limited landmarks. Simply use the what3word app to pinpoint where you are, and send that address to your friends – the algorithm lives on the app and uses a GPS connection to locate your position, while the built-in compass can help guide you in the direction you need to go if your mobile reception is iffy. Not only can it help you avoid a wasted afternoon wondering around trying to locate friends, but what3words is also being used by the likes of Festival Medical Services (FMS) at the UK's massive Glastonbury Festival to provide onsite emergency healthcare. Until recently the festival site was manually divided up into a 10,000 meter squared grid by FMS, with various named areas to locate people, but FMS now uses the three-word address system to help first responders get to where assistance is needed quickly. Ireland is notorious for not having any form of postcode in its addressing system until only recently, and tourist offices such as Meath Heritage are now including what3word addresses to locate various places of interest, while humanitarian organisations like NGO Gateway Health Institute are also taking advantage of the system in South African townships. Just outside Durban lies the township of KwaNdengezi, which has a population of some 54,000 people living in 11,000 self-built homes, making it almost impossible to find a specific location or tell someone where you live. While descriptive directions are the norm, for emergency services it often means having to stop passers-by for directions multiple times, with the average response time being 2-3 hours. However, by helping residents discover and use their own what3word address (in some instances, even printing durable signs that can be used like house numbers), Gateway Health Institute is working with emergency services to dramatically reduce response times in the townships. What3word isn't restricting itself to English, adding addresses in a range of languages so that users can use the app in their own language, or the language of the country they’re visiting. To avoid confusion, no words are shared between language versions – once users find a what3word address in one language they can switch languages and discover the address for that same 3 x 3m square in a different language. When you live in a country that has a comprehensive and effective address system it's easy to overlook the need for more precise navigation, but what3words has the potential to give everyone in the world an address, however remote they may be.


News Article | May 26, 2017
Site: globenewswire.com

DENVER, May 26, 2017 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the global leader in emergency air medical services, will make its first quarter financial results available on the Company’s secure website on May 30, 2017. Access to the financial results will be available on a confidential basis only to the following qualified parties as set forth in the Indenture (the “Indenture”) dated as of April 21, 2017, among the Company (as successor to ASP AMC Merger Sub, Inc.), the guarantors party thereto and Wilmington Trust, National Association, as trustee: (1) holders of the notes issued under the Indenture, (2) prospective investors in the Notes that certify to the reasonable satisfaction of the Company that they are either (i) Qualified Institutional Buyers, within the meaning of Rule 144A of the Securities Act of 1933, as amended or (ii) non-U.S. persons, as defined in Regulation S of the Securities Act of 1933 and (3) securities analysts and market making financial institutions that are reasonably satisfactory to the Company. To access the financial results, a party must pre-register and certify that it is qualified to do so.  To receive information on how to pre-register and become certified, parties must send an email to Kevin.Campbell@airmethods.com requesting access to the financial results.  The Company will then provide further information on how to access the secure website. Subsequent to the posting of the financial results, such information will be available (along with other information required to be posted by the Indenture) on the Company’s secure website.  You can gain access to the secure website at any time by completing our certification process as described above. About Air Methods Air Methods Corporation (www.airmethods.com) is the global leader in air medical transportation. The Air Medical Services Division is the largest provider of air medical transport services in the United States. The United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. The Tourism Division is comprised of Sundance Helicopters, Inc. and Blue Hawaiian Helicopters, which provide helicopter tours and charter flights in the Las Vegas/Grand Canyon region and Hawaii, respectively. Air Methods’ fleet of owned, leased or maintained aircraft features approximately 500 helicopters and fixed wing aircraft. Media Contact Christina Ward, Director of Corporate Communications, (303) 256-4122, christina.ward@airmethods.com. Please contact Christina to be included on the company’s e-mail distribution list.


News Article | May 26, 2017
Site: globenewswire.com

DENVER, May 26, 2017 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the global leader in emergency air medical services, will make its first quarter financial results available on the Company’s secure website on May 30, 2017. Access to the financial results will be available on a confidential basis only to the following qualified parties as set forth in the Indenture (the “Indenture”) dated as of April 21, 2017, among the Company (as successor to ASP AMC Merger Sub, Inc.), the guarantors party thereto and Wilmington Trust, National Association, as trustee: (1) holders of the notes issued under the Indenture, (2) prospective investors in the Notes that certify to the reasonable satisfaction of the Company that they are either (i) Qualified Institutional Buyers, within the meaning of Rule 144A of the Securities Act of 1933, as amended or (ii) non-U.S. persons, as defined in Regulation S of the Securities Act of 1933 and (3) securities analysts and market making financial institutions that are reasonably satisfactory to the Company. To access the financial results, a party must pre-register and certify that it is qualified to do so.  To receive information on how to pre-register and become certified, parties must send an email to Kevin.Campbell@airmethods.com requesting access to the financial results.  The Company will then provide further information on how to access the secure website. Subsequent to the posting of the financial results, such information will be available (along with other information required to be posted by the Indenture) on the Company’s secure website.  You can gain access to the secure website at any time by completing our certification process as described above. About Air Methods Air Methods Corporation (www.airmethods.com) is the global leader in air medical transportation. The Air Medical Services Division is the largest provider of air medical transport services in the United States. The United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. The Tourism Division is comprised of Sundance Helicopters, Inc. and Blue Hawaiian Helicopters, which provide helicopter tours and charter flights in the Las Vegas/Grand Canyon region and Hawaii, respectively. Air Methods’ fleet of owned, leased or maintained aircraft features approximately 500 helicopters and fixed wing aircraft. Media Contact Christina Ward, Director of Corporate Communications, (303) 256-4122, christina.ward@airmethods.com. Please contact Christina to be included on the company’s e-mail distribution list.


News Article | May 24, 2017
Site: www.prnewswire.com

The IBVSOs released a report on VA's funding requirements in February 2017 warning that a potential funding crisis could arise before the end of FY 2017, and would exist in FY 2018 if VA did not address the new community care demand it has fostered without necessary resources. For FY 2018, The Independent Budget recommended approximately $77 billion in total medical care funding. Congress previously approved only $70 billion in total medical care funding for FY 2018, which included an assumption of approximately $3.6 billion in medical care collections. "Last year's advance appropriation request for FY 2018 medical care remains woefully inadequate to meet the ever-increasing demand for services both inside and outside the VA health care system, a fact acknowledged by VA officials. The Administration's budget request includes a not-insignificant overall medical care funding recommendation of approximately $75.2 billion, however we remain concerned that this level of funding will not keep pace with the continually increasing demand and utilization." The IBVSOs expressed specific concern for the funding of the Choice Care program, which calls for a combined $6.4 billion for FY 2018-19 which would indefinitely continue the program as currently implemented. The IB's recommendations for FY 2018 took into account the estimated $1 billion VA was expected to have remaining in the Veterans Choice Fund and anticipated increases in demand for care, including community care, that will not diminish or go away if the Choice Program expires. As such, for FY 2018, The Independent Budget recommended $64.5 billion for Medical Services. "Congress must reject continued funding of the Choice Care program through a mandatory account. We recommend adhering to all other community care funded through the discretionary Community Care account established previously. This will eliminate competing sources of funding for delivery of health care services in the community, while maintaining visibility on spending through the Choice program," the IBVSOs said. The IBVSOs also strongly objected to two legislative proposals included in the budget; one that would penalize millions of disabled veterans or survivors by rounding down cost-of-living adjustments (COLAs) for recipients of VA disability compensation and certain other benefit programs; and the other to cutoff eligibility to recipients of disability compensation due to individual unemployability (IU) once they reach age 62. "We are adamantly opposed to a 10-year round down of veterans' disability compensation, which would have the cumulative effect of taking $2.7 billion away from injured and ill veterans who rely on such payments. We are equally opposed to arbitrarily cutting off eligibility for IU for veterans who turn 62, an age at which millions of American's continue working and saving money for their retirements, a luxury that many disabled veterans do not have. Congress must reject any proposals that seek to shift the cost of VA health care or benefits onto the backs of disabled veterans," said the IBVSOs. To read the complete statement entered by the IBVSOs to the House Committee on Veterans Affairs, click here. For more than 30 years, the three Independent Budget co-authors have presented budget and policy recommendations to Congress and the Administration. These recommendations—which are supported by 27 other health, family, military and veteran service organizations—are meant to inform Congress and the Administration of the needs of all veterans, and to offer substantive solutions to address the many health care and benefits challenges they face. This budget serves as the veterans groups' benchmark for properly funding the Department of Veterans Affairs to ensure the timely delivery of quality health care and accurate and appropriate benefits. To view the full budget report, please visit www.independentbudget.org. About Disabled American Veterans (DAV): DAV empowers veterans to lead high-quality lives with respect and dignity. It is dedicated to a single purpose: fulfilling our promises to the men and women who served. DAV does this by ensuring that veterans and their families can access the full range of benefits available to them; fighting for the interests of America's injured heroes on Capitol Hill; assisting them with employment; and educating the public about the great sacrifices and needs of veterans transitioning back to civilian life. A non-profit organization with nearly 1.3 million members, DAV was founded in 1920 and chartered by the U. S. Congress in 1932. Learn more at dav.org. About Paralyzed Veterans of America (Paralyzed Veterans): Paralyzed Veterans of America (Paralyzed Veterans) is the only congressionally chartered veterans service organization dedicated solely for the benefit and representation of veterans with spinal cord injury or disease. For 70 years, Paralyzed Veterans has ensured that veterans have received the benefits earned through their service to our nation; monitored their care in VA spinal cord injury units; and funded research and education in the search for a cure and improved care for individuals with paralysis. With more than 70 offices and 34 chapters, Paralyzed Veterans serves veterans, their families and their caregivers in all 50 states, the District of Columbia and Puerto Rico (pva.org). About the Veterans of Foreign Wars (VFW): The Veterans of Foreign Wars of the U.S. is the nation's largest and oldest major war veterans organization. Founded in 1899 and chartered by Congress in 1936, the VFW is comprised entirely of eligible veterans and military service members from the active, Guard and Reserve forces. With nearly 1.7 million VFW and Auxiliary members located in more than 6,500 Posts worldwide, the nonprofit veterans service organization is proud to proclaim "NO ONE DOES MORE FOR VETERANS" than the VFW, which is dedicated to veterans' service, legislative advocacy, and military and community service programs. For more information or to join, visit our website at VFW.org. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leading-veterans-groups-respond-to-va-budget-for-fiscal-years-2018-19-300463600.html


News Article | May 26, 2017
Site: globenewswire.com

DENVER, May 26, 2017 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the global leader in emergency air medical services, will make its first quarter financial results available on the Company’s secure website on May 30, 2017. Access to the financial results will be available on a confidential basis only to the following qualified parties as set forth in the Indenture (the “Indenture”) dated as of April 21, 2017, among the Company (as successor to ASP AMC Merger Sub, Inc.), the guarantors party thereto and Wilmington Trust, National Association, as trustee: (1) holders of the notes issued under the Indenture, (2) prospective investors in the Notes that certify to the reasonable satisfaction of the Company that they are either (i) Qualified Institutional Buyers, within the meaning of Rule 144A of the Securities Act of 1933, as amended or (ii) non-U.S. persons, as defined in Regulation S of the Securities Act of 1933 and (3) securities analysts and market making financial institutions that are reasonably satisfactory to the Company. To access the financial results, a party must pre-register and certify that it is qualified to do so.  To receive information on how to pre-register and become certified, parties must send an email to Kevin.Campbell@airmethods.com requesting access to the financial results.  The Company will then provide further information on how to access the secure website. Subsequent to the posting of the financial results, such information will be available (along with other information required to be posted by the Indenture) on the Company’s secure website.  You can gain access to the secure website at any time by completing our certification process as described above. About Air Methods Air Methods Corporation (www.airmethods.com) is the global leader in air medical transportation. The Air Medical Services Division is the largest provider of air medical transport services in the United States. The United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. The Tourism Division is comprised of Sundance Helicopters, Inc. and Blue Hawaiian Helicopters, which provide helicopter tours and charter flights in the Las Vegas/Grand Canyon region and Hawaii, respectively. Air Methods’ fleet of owned, leased or maintained aircraft features approximately 500 helicopters and fixed wing aircraft. Media Contact Christina Ward, Director of Corporate Communications, (303) 256-4122, christina.ward@airmethods.com. Please contact Christina to be included on the company’s e-mail distribution list.


The Chartis Group, a national advisory services firm dedicated to the healthcare industry, is pleased to announce the promotion of Glenda Owen and the addition of Todd M. Bankhead to their revenue cycle leadership team. “During this uncertain time in healthcare, provider focus on the full revenue ecosystem is paramount,” says Kevin Ormand, Director and Revenue Cycle Practice Leader at The Chartis Group. “Both Glenda and Todd bring unique experience in provider operational leadership roles, advising and leading strategic revenue cycle transformation — and have delivered significant results. Additionally, they have served as forward-thinkers, contributing to the industry thought leadership on the future state of revenue cycle.” Mr. Ormand adds, “the revenue cycle has not traditionally been viewed as a strategic enterprise imperative — yet, today’s political, regulatory and industry landscape demands a revenue cycle that’s fundamentally different. The enterprise’s continued viability to deliver on its mission depends on it. With the added leadership of Todd and Glenda, Chartis is helping leading providers take an innovative approach to addressing the changes that lie ahead and drive revenue improvement across the entire ecosystem.” Glenda Owen was recently promoted to Principal. Ms. Owen has over 30 years of experience in hospital and physician practice revenue cycle operations. Prior to joining Chartis, she served as Vice President of Finance/Revenue for the Seton Healthcare Family. There, Ms. Owen led multiple process improvement initiatives that contributed directly to net operating income; the largest of which was an inpatient charge capture and reconciliation initiative that yielded more than $60 million in incremental net revenue over a three-year period. Another accomplishment in this role included the reduction of accounts receivable days from the upper 80s to the mid-40s with sustained cash collections of 100 percent of 60-day prior net patient service revenue. Throughout her career, she has worked in academic medical centers, multi-facility/multi-regional integrated healthcare delivery networks and pediatric facilities. She has presented at HFMA and other professional organizations on ICD-10, clinical documentation improvement, financial impact of ACA on healthcare organizations, charity care and financial implications of the industry transition from inpatient to ambulatory care. Todd M. Bankhead joined the firm in February as a Principal. Mr. Bankhead’s expertise in integrating, refining and expanding operations has resulted in demonstrated measurable operating income and margin growth in several recognized healthcare organizations in the academic, integrated delivery network and for-profit healthcare provider arenas. He has been instrumental in successful revenue cycle turnarounds, leading revenue cycle staff engagement turnaround, clinical collaboration, labor productivity and growth. Prior to joining Chartis, Mr. Bankhead served as the Vice President for Corporate Revenue Cycle at Wake Forest Baptist Health Medical Center where he was involved in a significant financial turnaround initiative. Previously, Mr. Bankhead was the Chief Operating Officer for Patient Financial Services and Director of Operations for the largest public health system in the United Arab Emirates. During his 24 years in the industry, he served in other leadership roles including CIO for a large medical center, AVP for the largest municipal hospital association in New York, and as an Officer in the United States Air Force Medical Services Corps. To learn more about Chartis’ revenue cycle capabilities, visit chartis.com and read the latest white paper on rethinking revenue cycle transformation. About The Chartis Group The Chartis Group® (Chartis) provides comprehensive advisory services and analytics to the healthcare industry. With an unparalleled depth of expertise in strategic planning, performance excellence, informatics and technology, and health analytics, Chartis helps leading academic medical centers, integrated delivery networks, children's hospitals and healthcare service organizations achieve transformative results. Chartis has offices in Boston, Chicago, New York, Minneapolis, Portland and San Francisco. For more information, visit http://www.chartis.com. Contact: Amy O’Brien Principal and Vice President of Strategy and Business Development The Chartis Group aobrien(at)chartis(dot)com 312.932.3060


News Article | February 21, 2017
Site: globenewswire.com

* Constant currency revenue, core revenue, non-GAAP EPS, non-GAAP gross margin and non-GAAP net income (referenced on the following page) are non-GAAP financial measures. A reconciliation of these and other non-GAAP financial measures used in this release to their most directly comparable GAAP financial measure is included under the heading “Non-GAAP Financial Measures” below. SOUTH JORDAN, Utah, Feb. 21, 2017 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ:MMSI), a leading manufacturer and marketer of proprietary disposable devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology and endoscopy, today announced sales of $157.7 million for the quarter ended December 31, 2016, an increase of 14.0% over sales of $138.4 million for the quarter ended December 31, 2015.  On a constant currency basis, sales for the fourth quarter of 2016 would have been up 14.9% over sales for the comparable quarter of 2015. For the year ended December 31, 2016, Merit’s sales were $603.8 million, an increase of 11.4% over sales of $542.1 million, for the year ended December 31, 2015.  On a constant currency basis, sales for the year ended December 31, 2016 would have been up 12.3% over sales for 2015. Merit’s GAAP net income for the fourth quarter of 2016 was $7.5 million, or $0.17 per share, compared to $6.4 million, or $0.14 per share, for the fourth quarter of 2015, up primarily due to decreases in SG&A and R&D expenses as a percentage of sales, partially offset by increased interest expense due to higher debt balances, primarily as a result of Merit’s acquisition of DFINE, Inc. in July 2016. Merit’s non-GAAP net income* for the quarter ended December 31, 2016 was $13.8 million, or $0.31 per share, up 28.2% compared to $10.8 million, or $0.24 per share, for the quarter ended December 31, 2015. Merit’s GAAP net income for the year ended December 31, 2016 was $20.1 million, or $0.45 per share, compared to $23.8 million, or $0.53 per share, for the year ended December 31, 2015, down primarily as a result of restructuring costs related to the acquisition of DFINE, Inc. in July 2016.  Merit’s non-GAAP net income* for the year ended December 31, 2016 was $45.1 million, or $1.01 per share, up 17.1% compared to $38.5 million, or $0.87 per share, for 2015. Merit’s sales by category for the three and twelve months ended December 31, 2016, compared to the corresponding periods in 2015, were as follows: “We are pleased to complete year two of our three-year plan,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer.  “With the introduction of a number of new products in the beginning of 2017, we look forward to continued growth accompanied by continued expansion of gross margins and profits.” “We believe the recently announced acquisitions of an Argon Medical Devices business unit and Catheter Connections serve both tactical and strategic objectives,” Lampropoulos said.  “We believe the Argon transaction will enable us to participate in tenders which previously were not available due to vacancies in our product line, especially reusable transducers.  Additionally, we recently came to a preliminary agreement with our longstanding Japanese distributor to transfer licenses and customers to us.  Almost 50% of the Argon business we acquired is sold in Japan and other parts of Asia.  We intend to combine the acquired Argon business and the Merit-branded products into one business.  When completed, we believe the new combined business unit will substantially improve our growth prospects in Japan.” “We believe the Catheter Connections products complement the Argon products and provide a substantial value proposition to both domestic hospitals as well as international opportunities,” Lampropoulos continued.  “We expect that this product line, which has had substantial distribution gaps globally, will enhance company growth and profits as we integrate the injection molding and a portion of manufacturing.  We have already initiated new product development in both of the acquired businesses.” 2017 GUIDANCE Based upon information currently available to Merit's management, Merit estimates that for the year ending December 31, 2017, absent material acquisitions or non-recurring transactions, Merit's revenues will be in the range of $713-$723 million, an increase of approximately 18-20%, compared to revenues of $603.8 million for the year ended December 31, 2016.  Also, based on information currently available to Merit's management, Merit estimates that, absent material acquisitions or non-recurring transactions, Merit's GAAP earnings per share for 2017 will be in the range of $0.54-$0.60 and non-GAAP* earnings per share will be in the range of $1.15-$1.20. Merit’s financial guidance for the year ending December 31, 2017 is subject to risks and uncertainties, including, but not limited to, potential accounting adjustments attributable to Merit’s ongoing valuation of intangibles and other financial assets acquired from Argon Medical Devices, Inc. and Catheter Connections, Inc., as well as risks and uncertainties identified in Merit’s public filings. CONFERENCE CALL Merit will hold its investor conference call (conference ID 62632957) today, Tuesday, February 21, 2017, at 5:00 p.m. Eastern (4:00 p.m. Central, 3:00 p.m. Mountain, and 2:00 p.m. Pacific).  The domestic telephone number is (844) 578-9672, and the international number is (508) 637-5656.  A live webcast will also be available for the conference call at merit.com. Although Merit’s financial statements are prepared in accordance with accounting principles which are generally accepted in the United States of America (“GAAP”), Merit’s management believes that certain non-GAAP financial measures referred to in this release provide investors with useful information regarding the underlying business trends and performance of Merit’s ongoing operations and can be useful for period-over-period comparisons of such operations.  Non-GAAP financial measures used in this release include: Merit’s management team uses these non-GAAP financial measures to evaluate Merit’s profitability and efficiency, to compare operating results to prior periods, to evaluate changes in the operating results of each segment, and to measure and allocate financial resources internally. However, Merit’s management does not consider such non-GAAP measures in isolation or as an alternative to such measures determined in accordance with GAAP. Readers should consider non-GAAP measures used in this release in addition to, not as a substitute for, financial reporting measures prepared in accordance with GAAP.  These non-GAAP financial measures exclude some, but not all, items that may affect Merit's net income. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which items are excluded. Merit believes it is useful to exclude such expenses in the calculation of non-GAAP net income, non-GAAP gross margin and non-GAAP earnings per share (in each case, as further illustrated in the reconciliation table below) because such amounts in any specific period may not directly correlate to the underlying performance of Merit’s business operations and can vary significantly between periods as a result of factors such as new acquisitions, non-cash expense related to amortization of previously acquired tangible and intangible assets, unusual compensation expenses or expense resulting from litigation or governmental proceedings.  Merit may incur similar types of expenses in the future, and the non-GAAP financial information included in this release should not be viewed as a statement or indication that these types of expenses will not recur.  Additionally, the non-GAAP financial measures used in this release may not be comparable with similarly titled measures of other companies.  Merit urges investors and potential investors to review the reconciliations of its non-GAAP financial measures to the comparable GAAP financial measures, and not to rely on any single financial measure to evaluate Merit’s business or results of operations. Constant Currency Reconciliation Merit’s revenue on a constant currency basis is prepared by translating the current-period reported sales of subsidiaries whose functional currency is other than the U.S. dollar at the applicable foreign exchange rates in effect during the comparable prior-year period.  The constant currency revenue adjustments of $1.3 million and $4.9 million for the three and twelve-month periods ended December 31, 2016, respectively, were calculated using the applicable average foreign exchange rates for the three and twelve-month periods ended December 31, 2015. Core Revenue Merit’s core revenue is defined as reported revenue excluding revenues from the acquisitions of the HeRO® Graft and DFINE, Inc. in 2016. Other Non-GAAP Financial Measure Reconciliation The following table sets forth supplemental financial data and corresponding reconciliations of non-GAAP net income and non-GAAP earnings per share to Merit’s net income and earnings per share prepared in accordance with GAAP, in each case, for the three and twelve-month periods ended December 31, 2016 and 2015.  Non-GAAP gross margin is calculated by reducing GAAP cost of sales by amounts recorded for amortization of intangible assets, inventory mark-up and severance expense related to acquisitions.  The non-GAAP income adjustments referenced in the following table do not reflect stock-based compensation expense of approximately $593,000 and $600,000 for the three-month periods ended December 31, 2016 and 2015, respectively, and approximately $2.5 million and $2.2 million for the twelve-month periods ended December 31, 2016 and 2015, respectively. (a) Reflects the tax effect of the non-GAAP adjustments (b) Represents abandoned patents (c) Represents costs related to acquisitions (d) Represents changes in the fair value of contingent consideration liabilities and contingent receivables as a result of acquisitions (e) Costs associated with the termination of our agreement with a third-party contract manufacturer in Tijuana, Mexico (f) Costs incurred in responding to an inquiry from the U.S. Department of Justice Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 200 individuals.  Merit employs approximately 4,500 people worldwide with facilities in South Jordan, Utah; Pearland, Texas; Richmond, Virginia; Malvern, Pennsylvania; Rockland, Massachusetts; San Jose, California; Maastricht and Venlo, The Netherlands; Paris, France; Galway, Ireland; Beijing, China; Tijuana, Mexico; Joinville, Brazil; Markham, Ontario, Canada; Melbourne, Australia; Tokyo, Japan; and Singapore. FORWARD-LOOKING STATEMENTS Statements contained in this release which are not purely historical, including, without limitation, statements regarding Merit's forecasted plans, revenues, net income, financial results or anticipated or completed acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties such as those described in Merit's Annual Report on Form 10-K for the year ended December 31, 2015 and Quarterly Reports on Form 10-Q filed during 2016.  Such risks and uncertainties include risks relating to Merit's potential inability to successfully manage growth through acquisitions, including the inability to commercialize technology acquired through completed, proposed or future transactions; product recalls and product liability claims; expenditures relating to research, development, testing and regulatory approval or clearance of Merit's products and risks that such products may not be developed successfully or approved for commercial use; governmental scrutiny and regulation of the medical device industry, including governmental inquiries, investigations and proceedings involving Merit; reforms to the 510(k) process administered by the U.S. Food and Drug Administration; restrictions on Merit's liquidity or business operations resulting from its current debt agreements; infringement of Merit's technology or the assertion that Merit's technology infringes the rights of other parties; the potential of fines, penalties or other adverse consequences if Merit's employees or agents violate the U.S. Foreign Corrupt Practices Act or other laws or regulations; laws and regulations targeting fraud and abuse in the healthcare industry; potential for significant adverse changes in governing regulations; changes in tax laws and regulations in the United States or other countries; increases in the prices of commodity components; negative changes in economic and industry conditions in the United States or other countries; termination or interruption of relationships with Merit's suppliers, or failure of such suppliers to perform; fluctuations in exchange rates;  concentration of a substantial portion of Merit's revenues among a few products and procedures; development of new products and technology that could render Merit's existing products obsolete; market acceptance of new products; volatility in the market price of Merit's common stock; modification or limitation of governmental or private insurance reimbursement policies; changes in healthcare policies or markets related to healthcare reform initiatives; failure to comply with applicable environmental laws; changes in key personnel; work stoppage or transportation risks;  introduction of products in a timely fashion; price and product competition; availability of labor and materials; fluctuations in and obsolescence of inventory; and other factors referred to in Merit's Annual Report on Form 10-K for the year ended December 31, 2015 and other materials filed with the Securities and Exchange Commission. All subsequent forward-looking statements attributable to Merit or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Actual results will likely differ, and may differ materially, from anticipated results. Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results, and Merit assumes no obligation to update or disclose revisions to those estimates. TRADEMARKS Unless noted otherwise, trademarks and registered trademarks used in this release are the property of Merit Medical Services, Inc., in the United States and other jurisdictions.


News Article | February 21, 2017
Site: www.prweb.com

Women Veterans Interactive will host its Inaugural Jocks and Pearls Gala in Atlanta, Georgia on Friday, March 24, 2017. Professional athletes, celebrities and military members will gather for this noteworthy event to raise awareness and funds to support homeless women veterans and their children. The statistics surrounding women veterans are staggering to say the least. Out of 2.2 million woman veterans, 1 in 25 become homeless, 85% of women veterans that leave the military don't feel prepared for the civilian sector, women veterans are more likely to be unemployed than male veterans and women non-veterans, and they also suffer from high rates of Military Sexual Trauma and Post Traumatic Stress Disorder. “The word homeless and women veterans should never be in the same sentence and as a country we must collectively do more,” said Ginger Miller, White House Champion of Change for Women Veterans, Founder and CEO of Women Veterans Interactive. Miller knows the road of a homeless veteran all too well, as she was homeless in the early 90’s after receiving a medical discharge out of the U.S. Navy. The road wasn’t easy for Miller who was taking care of her husband, a disabled veteran who suffered from post-traumatic stress disorder, and their 2.5 year-old son, all while being homeless. In 2015, Centric TV featured Ginger’s story entitled, Get to know Women Veterans Interactive’s, Ginger Miller. Jocks and Pearls is more than a gala, it’s an initiative designed to use professional sports as a vehicle to raise awareness to support the brave women who have served and sacrificed for our country. The initiative kicks off with the Jocks and Pearls Gala-Atlanta, followed by Jocks and Pearls Gala–DC on November 11, 2017, Jocks and Pearls Celebrity Golf Tournaments and Jocks and Pearls PSA’s. This year’s inaugural event is hosted by actor, producer Torrei Hart, who is a woman veteran. “For years I didn’t consider myself to be a woman veteran because I was a Reservist, but that all changed when I met Ginger Miller, the CEO of Women Veterans Interactive. I am a proud woman veteran and want to do my part to make sure that my sister veterans have a place to lay their heads at night. I look forward to hosting this awesome event,” said Hart. Steven Nelson, Cornerback with Kansas City Chiefs will serve as the first NFL Jocks and Pearls Ambassador. “I was totally unaware that women veterans are becoming homeless at alarming rates and to be honest, every time I thought about a veteran, I would think of a man. I’m honored to be a part of the Jocks and Pearls initiative to help raise awareness and funds for homeless women veterans. To assist with raising funds, I am donating a signed autographed jersey for the Jocks and Pearls silent auction,” said Nelson. Sports Entrepreneur & Columnist, Mandy Antoniacci is on board with this awesome initiative. Mandy will deliver a Keynote that will address using the social and cultural impact of sport and its ability to incite change in humanity. “What are you doing to support homeless women veterans?” I was so taken aback when I heard this question. When you think of homeless veterans, you never think of women. As someone who resides in the industry of sport, health, and wellness - the specific disciplines that can help these women better transition into their lives post serving our nation, exercising my voice to help foster change was a no-brainer.”- Mandy Antoniacci Actress Angela Robinson of Tyler Perry's "The Haves and the Have Nots" will deliver the Keynote Address for the gala and Actor Peter Parros, also of Tyler Perry's "The Haves and the Have Nots", will make a special celebrity guest appearance. Parros is the son of a Marine Corps veteran. Other Jocks and Pearls Ambassadors include Army veterans Nathan Banks, Partner, McDowell Information Group LLC; Les Davis, Director of Military Affairs at International Education Corporation; Marcel Callahan, Medical Services Corps Officer; and Rick Clark, NASCAR Team Owner. We are grateful to all of our Ambassadors for assisting us with raising awareness and funds for homeless women veterans. Tickets are on sale now for this star-studded, notable event and can be purchased at Jocks and Pearls Atlanta About Women Veterans Interactive (WVI) Women Veterans Interactive is a national not-for-profit organization dedicated to serving and supporting women veterans and their families through Advocacy, Empowerment, Interaction, Outreach and Unification. Recognized as experts on Women Veterans issues, our aim is to eradicate homelessness; improve healthcare and education delivery; and develop a network where there is a free exchange of experiences and solutions that will empower and assist women veterans in living full productive lives. Since inception in 2011, Women Veterans Interactive has supported over 1500 women veterans and continues to meet women veterans at their points of need. For more information, visit WVI at Women Veterans Interactive.

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