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Dail-E News: May 17, 2012

Distributor News

  • IMCO announces Winners Circle Master Sales Reps & Master Sales Managers
  • Manufacturer News

  • DOJ closes investigation of Medtronic INFUSE Bone Graft
  • SurgLine Inc acquires Eden Surgical Technologies LLC
  • Varian Medical Systems showcases radiosurgery technologies
  • Providers and Provider Services News

  • Avera Health in talks to acquire St. Mary's Hospital from CHI
  • HHS announces $75M in funding for school-based health centers
  • LHP, Sacred Heart complete JV lease agreement for Bay Medical Center
  • Saint Mary's Medical Center of Scott County to close
  • GPO News

  • Amerinet unveils Amerinet Executive Resources website and mobile application
  • Stock Watch

  • Health Stocks
  • Distributor News
    IMCO announces Winners Circle Master Sales Reps & Master Sales Managers

    IMCO (Independent Medical Co-op) (Daytona Beach, FL) honored its Winners Circle Master Sales Reps and Master Sales Managers for the 2011 Winners Circle National Sales Program. IMCO also announced the members of THE Winners Circle for 2011. It recognized Sergio Bustamante, American Medical Supplies & Equipment (Miami, FL); Kathy Bradford, Midland Medical Supply (Lincoln, NE); Laura Becko, MMS - A Medical Supply Company (Earth City, MO); Brian Butterworth, MMS; Lisa Calliott, MMS; David Marion, Seneca Medical Inc (Tiffin, OH); Debbie Breen, Seneca Medical; David Ellis, Tarheel Physicians Supply (Wilmington, NC); Drew Borske, Midland Medical Supply; and Matt Wright, Tarheel Physicians Supply. IMCO also recognized the Winners Circle Rookie of the Year, Courtney Ward, Sun Surgical Supply (Gainesville, FL); Winners Circle Vendor of the Year, Miltex Integra (York, PA); and Winners Circle Vendor Rep of the Year, Roger Irie, John Winkeler Associates (St. Louis, MO).

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    Manufacturer News
    DOJ closes investigation of Medtronic INFUSE Bone Graft

    Medtronic Inc (Minneapolis, MN) was notified by the U.S. Department of Justice (DOJ) and the Office of the United States Attorney for the District of Massachusetts that federal prosecutors closed their investigation of Medtronic related to INFUSE Bone Graft. Additional details were not disclosed.

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    SurgLine Inc acquires Eden Surgical Technologies LLC

    SurgLine Inc (Newport Beach, CA), a provider of high quality, low cost surgical products, acquired Eden Surgical Technologies LLC (Southlake, TX), a distributor of trauma products with extensive products focused on this highly profitable sector. The deal will substantially expand SurgLine's offering of trauma products while providing the company with pricing it believes will give a competitive advantage in the marketplace. SurgLine acquired Eden pursuant to a Share Exchange Agreement in exchange of 50 million shares of restricted common stock of SurgLine International Inc, a holding company.

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    Varian Medical Systems showcases radiosurgery technologies

    Varian Medical Systems Inc (Palo Alto, CA) will showcase radiosurgery technologies for treating early-stage inoperable lung cancer and other conditions non-invasively at the 2012 International Conference of the American Thoracic Society (ATS) later this week in San Francisco. Varian will exhibit RapidArc Radiosurgery on its TrueBeam™ STx system. This technology enables clinicians to precisely target and rapidly treat tumors using finely shaped high-energy X-ray beams. The TrueBeam STx system was engineered to enable precise, efficient treatment, two to eight times faster than other radiosurgery machines.

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    Providers and Provider Services News
    Avera Health in talks to acquire St. Mary's Hospital from CHI

    Avera Health (Sioux Falls, SD) and Saint Mary's Hospital (Pierre, SD) signed a letter of intent to explore the possibility of Saint Mary's joining the Avera network either through a merger, sale or other relationship. Saint Marys' campus includes an administrative building that was the old hospital, Maryhouse Long Term Care (Pierre, SD) nursing home with 105 beds, and ParkWood Independent Living Apartments (Pierre, SD) with 58 apartments for seniors. Gettysburg Medical Center (Gettysburg, SD) also is part of Saint Mary's. It includes a 10-bed hospital, Oahe Manor (Gettysburg, SD) long-term care facility, and Oahe Villa (Gettysburg, SD) Alzheimer's unit. Saint Mary's is the only South Dakota hospital currently owned by Catholic Health Initiatives (Englewood, CO). A timeline and further details were not disclosed.

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    HHS announces $75M in funding for school-based health centers

    The U.S. Department of Health and Human Services (HHS) (Washington, DC) will make available $75 million in funding for the construction and renovation of school-based health centers. The School-Based Health Center Capital (SBHCC) Program, created by the Affordable Care Act (ACA), enables children with acute or chronic illnesses to attend school, as well as help to improve the overall health and wellness of children and adolescents through health screenings, health promotion and disease prevention activities.

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    LHP, Sacred Heart complete JV lease agreement for Bay Medical Center

    LHP Hospital Group (Plano, TX) completed its previously announced JV agreement with Sacred Heart Health System (Pensacola, FL), under which they will jointly operate 286-bed Bay Medical Center (BMC) (Panama City, FL). The 40-year, $154 million lease agreement relieves BMC of its debt obligations and allows it to continue its charity-care policy. Proceeds from the deal will be used to pay off BMC's $115 million in debt. Sacred Heart and LHP will jointly share representation on BMC's governing board, and a local board of trustees comprised of community members and physicians will manage day-to-day operations. BMC's employees will become affiliates of LHP.

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    Saint Mary's Medical Center of Scott County to close

    Saint Mary's Medical Center of Scott County (Oneida, TN) will close on May 24, 2012 after it failed to negotiate a lease extension agreement with Health Management Associates (HMA) (Naples, FL). HMA assumed the lease on the hospital when it acquired seven-hospital Mercy Health Partners Knoxville (Knoxville, TN) from Catholic Health Partners (Cincinnati, OH) on October 1, 2011 for $525 million. The county sought a 60-day extension on the lease that would have bought it more time to find a buyer for the hospital. Admissions will cease over the next week at Saint Mary's and patients will be transferred to other facilities. Hospital employees who remain with the facility until May 24 will receive pay and health benefits until July 15, 2012.

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    GPO News
    Amerinet unveils Amerinet Executive Resources website and mobile application

    Amerinet Inc (St. Louis, MO) unveiled its new Amerinet Executive Resources (AER) website and mobile application, an easy to use tool providing current news, education and solutions for healthcare executives. AER features RSS feeds geared toward current and relevant business and healthcare news, briefing and webinars from Amerinet and its partners and links to clinical, operational and financial solutions, including the Amerinet Value-Based Purchasing Analyzer. An "Amerinet Exec" icon can be added to users' phones or tablets. The education portion of the site features the Amerinet Executive Series, Collective Learning on Contemporary Healthcare Issues for Executive Leadership, a collaboration of leaders from Amerinet member organizations and the Dartmouth Institute for Health Policy and Clinical Practice who offer best practice initiatives from their organizations. The Series offers interactive webinars, live events, briefs, white papers and informative videos to deliver education, information and effective initiatives in place at peer organizations.

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    Stock Watch
    Health Stocks

    Quotes last updated at 5/16/2012 9:40:13 PM EST

    CompanyPriceChangeTrends
    Dow Jones Industrials12598.55-33.45Analyze
    S&P 500 Index1324.80-5.86Analyze
    NASDAQ Composite2874.04-19.72Analyze
    AMERISOURCEBERGN36.70+0.30Analyze
    ABBOTT LABS62.55+0.66Analyze
    ALERE INC18.31+0.17Analyze
    BAXTER INTL INC52.82-0.41Analyze
    CR BARD INC99.10-1.57Analyze
    BECTON DICKINSON75.96-0.03Analyze
    BRISTOL MYERS SQ33.02+0.04Analyze
    BOSTON SCIENTIFIC6.09-0.05Analyze
    BOVIE MEDICAL CORP2.89-0.05Analyze
    CARDINAL HEALTH42.12-0.11Analyze
    CERNER CORP79.22-0.73Analyze
    CAREFUSION CORP25.15-0.09Analyze
    CONMED CORP27.80-0.36Analyze
    COVIDIEN 54.42-0.33Analyze
    CEPHEID37.61-0.25Analyze
    DANAHER52.44-0.47Analyze
    DYNACQ HEALTHCARE0.88+0.04Analyze
    EXPRESS SCRIPTS52.75-0.79Analyze
    GENERAL ELECTRIC COMPANY19.00+0.60Analyze
    HCA25.37-0.35Analyze
    HEALTH MGMT6.50+0.21Analyze
    HMS HOLDINGS24.10-0.10Analyze
    HOLOGIC INC17.36-0.14Analyze
    HILL-ROM HOLDINGS INC31.43-0.23Analyze
    HENRY SCHEIN75.57-0.62Analyze
    HOSPIRA32.85+0.14Analyze
    INTEGRA LIFESCIENCES HOLDINGS CORP34.59-0.13Analyze
    ICU MEDICAL53.34-0.31Analyze
    IRIS INTERNATIONAL11.68+0.02Analyze
    JOHNSON & JOHNSON63.71+0.10Analyze
    KIMBERLY-CLARK79.76+0.07Analyze
    MASIMO CORP 19.48-0.26Analyze
    MCKESSON CORP88.95+0.07Analyze
    MEDASSETS11.82-0.22Analyze
    MEDICAL ACTION INDUSTRIES 4.85-0.06Analyze
    MEDTRONIC INC38.22+0.07Analyze
    3M COMPANY85.35+0.16Analyze
    MERIT MEDICAL SYSTEMS13.37+0.05Analyze
    MICROSOFT29.90-0.31Analyze
    MYLAN LABS21.28+0.06Analyze
    OMNICELL14.65+0.11Analyze
    OWENS & MINOR28.30-0.07Analyze
    PSS WORLD MEDICAL19.06-0.45Analyze
    QUIDEL CORP15.68-0.05Analyze
    SIEMENS AG84.22-0.17Analyze
    SMITH & NEPHEW47.12-0.30Analyze
    STERIS CORP29.72-0.02Analyze
    ST. JUDE MEDICAL38.44-0.45Analyze
    SRI SURGICL EXP4.00+0.00Analyze
    STANLEY BLACK & DECKER INC68.13+0.21Analyze
    STRYKER CORP51.73-0.26Analyze
    TELEFLEX MEDICAL59.92-0.20Analyze
    THERMO FISHER SCI51.54-0.29Analyze
    ZIMMER HOLDINGS60.76-0.05Analyze
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