A Medical Device Daily
iVoice (Matawan, New Jersey), a developer of speech recognition technology, said it has completed the spin-off of its subsidiary Thomas Pharmaceuticals (New York).
iVoice will distribute through a special dividend the class A common stock shares of the subsidiary to its shareholders, and thereafter, the entity will operate as independent public company.
Each iVoice shareholder of record as of Nov. 14 will receive one share of Thomas for every one share of iVoice they own.
In April iVoice reported that Thomas had filed a registration statement with the Securities and Exchange Commission in anticipation of the spin-off (MDD, April 18, 2007).
- CareView Communications (Plano, Texas), an information technology provider to the healthcare industry, said it was recently acquired by Ecogate (North Hollywood, California), a company primarily engaged in the business of industrial dust collection systems. Ecogate said it changed its name to CareView Communications, reconstituted its board of directors and executive officers, and converted to a Nevada corporation that will continue to operate the dust collection business as a private company. CareView said it has created a high-speed data network system that can be deployed throughout a healthcare facility using and integrating all existing wired infrastructure and various advanced wireless networks and CareView's control server to provide bedside, point-of-care video monitoring, recording and procedural documentation, as well as a patient entertainment and education system. The company works with hospitals, nursing homes, adult living centers and selected outpatient care facilities.