Orthofix reports Ramius shareholder results

Orthofix International (Boston) reported the final results of a special general meeting of shareholders held on April 2 in which the company's shareholders voted against each proposal by a dissident shareholder to remove four incumbent members of the boards. Shareholders voted resoundingly in favor of the current board members and rejected all proposals and all four dissident nominees put forward by the activist hedge fund, Ramius.

After announcing the preliminary results last week, Orthofix indicated today that the independent inspector of elections for the special meeting, IVS Associates, Inc., has now issued a final vote count confirming that none of the dissident's nominees were elected to the company's board.

"The board of directors and management team of Orthofix are thankful that shareholders chose to reject the short-term focus of the Ramius proposals, instead voting to support the Company's long-term strategic plan to deliver shareholder value," said Orthofix CEO Alan Milinazzo. "We have made significant progress in recent months, achieving critical milestones and improving operational effectiveness. We are committed to continuing to execute on the Board's strategic plan to deliver results for the benefit of all shareholders in the weeks and months to come."

Orthofix International makes surgical products for the spine, orthopedic, and sports medicine market sectors.

Skilled Healthcare opens new Dallas facility

Skilled Healthcare Group (Foothill Ranch, California) said that its new, state-of-the-art facility, The Dallas Center of Rehabilitation, has opened and is currently accepting patients. Located near the Baylor University Medical Center, the 62,000 square foot, 136-bed skilled nursing facility includes an Express Recovery Unit, 4,000 square foot rehabilitation gym, 24-hour licensed professional nursing care in addition to physical, occupational, and speech therapy, wound care, pain management and IV therapy. The Center also offers respite and hospice services. On-site amenities include a chapel, library, beauty/barber shop, internet caf , flat screen color televisions and private dining for family celebrations.

Skilled Healthcare Group companies operate skilled nursing and assisted living facilities as well as provide rehabilitation therapy and hospice services.

Sterling Tech Software gets ISO certification

SterlingTech Software (Rochelle Park, New Jersey), a maker of custom software solutions for the medical device industry, said that it has received ISO 13485 Certification.

ISO 13485 is an internationally recognized quality standard for the design, development, production and sale of medical devices. To be certified, organizations must demonstrate an ability to provide medical devices and related services that consistently meet customer and regulatory requirements. The certification process was expedited via a technology grant SterlingTech received last year from the State of New Jersey.

TriHealix changes name to TransEngen

TriHealix (Norwalk, Connecticut) has reported a name change and new brand identity. The company says the new name, TransEngen, affirms its' commitment to lead the transformation of the healthcare payments process into the next generation.

"The re-branding is to better reflect who we are today – a company that provides a ground breaking, intelligent transaction-based engine with significant implications for the healthcare industry," said Greg Morris, president/CEO of TransEngen. "The unique capabilities of our TransEngen platform are at the heart of our ability to design, develop and execute innovative and compelling solutions that are responsive to the shifting needs of a dynamic market. Our company continues to demonstrate tremendous momentum with numerous new contracts and distribution partnerships. We are entering a phase of significant growth, having spent our first two years developing a highly scalable technology framework. Our new name reflects our leadership position in the development of next generation solutions to transform the healthcare reimbursement and payments process, coming at a critical time for providers and payers."

Sound Surgical: New report okays AFT transfer

A new report from the American Society of Plastic Surgeons (ASPS) Fat Graft Task Force gives U.S. plastic surgeons a green light to use autologous fat transfer (AFT) for the purposes of body augmentation and defect corrections. These procedures have been performed in Europe and Asia for years, as well as in America more recently, but the ASPS announcement takes AFT to an entirely new level of industry acceptance and consumer confidence in the U.S.

The report states: "Fat grafting can be considered a safe method of augmentation and correction of defects associated with various medical conditions." The report opens doors for new procedures including fat transfer breast augmentation. Sound Surgical Technologies (Louisville, Colorado) claims that these procedures can be performed with its proven line of surgical tools like the Vaser Lipo System for body contouring and fat removal, and the Shippert Tissu-Trans products for fat harvesting and reinjection. The Vaser Lipo System produces emulsified fat that is uniform, clean, bloodless and less bulky than other techniques. When combined with Shippert Tissu-Trans products, fat is directly suctioned off, separated, and kept sterile, making reinjection more efficient.

Minnesota study tackles ministrokes

Ministrokes also known as transient ischemic attacks have long been recognized as a marker of subsequent strokes. How Minnesota hospitals are treating these high-risk individuals has been the focus of recent research. A study conducted by investigators from the University of Minnesota Stroke Research Center and Minnesota Department of Health (both Minneapolis) reported that one new stroke could be prevented with early diagnosis and appropriate medical treatment in every seven patients presenting with ministrokes to the hospital.

The study was published in a recent issue of Journal of Vascular and Interventional Neurology and analyzed data of 708 patients admitted with TIA (transient ischemic attack or ministroke) from the Minnesota Stroke Registry over a one-year period.

Skilled Healthcare opens new Dallas facility

Skilled Healthcare Group (Foothill Ranch, California) said that its new, state-of-the-art facility, The Dallas Center of Rehabilitation, has opened and is currently accepting patients. Located near the Baylor University Medical Center, the 62,000 square foot, 136-bed skilled nursing facility includes an Express Recovery Unit, 4,000 square foot rehabilitation gym, 24-hour licensed professional nursing care in addition to physical, occupational, and speech therapy, wound care, pain management and IV therapy. The Center also offers respite and hospice services. On-site amenities include a chapel, library, beauty/barber shop, internet caf , flat screen color televisions and private dining for family celebrations.

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