World Heart receives Nasdsq deficiency letter
World Heart (Oakland, California) said that on Oct. 29, it received a Nasdaq Staff Deficiency Letter indicating that the company does not comply with Marketplace Rule 4310(c)(7). This rule requires the company to maintain a minimum of 500,000 publicly held shares for continued listing on the Nasdaq Capital Market.
For purposes of this requirement, the number of publicly held shares excludes shares held by affiliates, including officers, directors, or 10% shareholders. The Nasdaq staff is reviewing the company's eligibility for continued listing on the Nasdaq Capital Market and had asked the company to provide, on or before Nov. 21, its specific plan to achieve and sustain compliance with all the Nasdaq Capital Market listing requirements.
JJWild to fully integrate with Perot Systems
Perot Systems (Plano, Texas) said that JJWild, a company it acquired in August 2007, will fully transition its name to Perot Systems, completing a milestone toward full integration. Perot Systems will now refer to the group as the Meditech Solutions Group which reflects its ability to access the global information technology provider's deep healthcare solutions expertise to benefit hospitals using MEDITECH products.
"Perot Systems has a longstanding reputation as the largest IT services provider in healthcare, while the JJWild brand is synonymous with high-quality Meditech optimization and support. We believe the new name leverages both companies' strengths. The Meditech Solutions Group name is the culmination of our respective organizations coming together to create healthcare's most capable and creative professional services team – one that remains dedicated to the Meditech marketplace," said Chuck Lyles, president of Perot Systems' healthcare group.
The combined experience positions the Meditech Solutions Group to further leverage its application and technology expertise in support of its customers as they address the demands of today's patient safety and quality of care initiatives. "We believe the breadth of offerings now available through the Meditech Solutions Group within Perot Systems is invaluable in helping our customers respond to healthcare's increasingly complex requirements," said Howard Messing, Meditech's president/COO.
APS moves to Westchester County
APS Healthcare, a provider of specialty healthcare solutions, has moved its headquarters to White Plains, New York, from its previous locale in Silver Spring, Maryland). Ultimately, the move is expected to bring 200 new jobs to White Plains. To date, the company has hired more than 70 persons.
"Westchester County is an excellent location for our rapidly growing organization," said Jerry Vaccaro, MD, president/COO of APS. "We are attracting a highly skilled and impressive work force."
APS Healthcare partners with agencies in more than 20 states, representing more than 40% of the nation's Medicaid population. Its customized, integrated healthcare solutions are designed to help people engage in behaviors that optimize their health status.