A Medical Device Daily
Cardinal Health (Dublin, Ohio), a provider of products and services supporting the healthcare industry, said it has completed the acquisition of Denver Biomedical (Golden, Colorado), a maker of specialized medical products for chronic fluid management in the chest and abdomen. Terms of the agreement were not disclosed.
Denver Biomedical, which has 50 employees, markets specialty drainage products worldwide for hospital and home use, primarily for terminally-ill cancer patients. Founded in 1969, the company's products include the Pleurx pleural catheter system, the Denver ascites shunt, and the Denver pleural effusion shunt.
The company was the first company to receive FDA clearance specifically for an indwelling catheter for drainage of chronic pleural and ascitic fluids.
Cardinal said the chronic fluid drainage market provides a vital service to patients, providing at-home relief for fluid build-up. It noted that this acquisition supports its strategic focus and rounds out the company's growing Para/Thoracentesis product offering.
Vibra Healthcare (Mechanicsburg, Pennsylvania) reported that it has entered into a definitive agreement to purchase a newly constructed 60-bed long term acute care hospital (LTACH) in Dallas. Construction is nearing completion and the hospital is expected to open by September 1.
The hospital will operate as Vibra Specialty Hospital of Dallas .
According to the company, the hospital features leading edge technology, an operationally efficient floor plan and user-friendly amenities – all designed to enhance patient care and provide the optimal clinical platform for physicians and allied healthcare professionals.
“The combination of our location, which is adjacent to the UT Southwestern Medical Complex, the need for a comprehensive LTACH clinical model and the strong support of the physician Medical Advisory Committee will serve well the growing needs of patients and families of the greater Dallas area,” said Brad Hollinger, founder, chairman and CEO of Vibra Healthcare.
Vibra is a specialty hospital provider focused on the development, acquisition and operation of freestanding long-term acute care and medical rehabilitation hospitals. With the addition of the Dallas hospital, Vibra will operate nine hospitals with 600 beds in seven states.