Healthcare Industry News: extracorporeal circulatory support
News Release - December 15, 2006
CardiacAssist Places TandemHeart(R) PTVA(R) System at Two New Medical Centers of ExcellencePITTSBURGH, Dec. 15 (HSMN NewsFeed) -- CardiacAssist, Inc. announced that it has placed the TandemHeart® PTVA® System at two new medical centers. More than 75 hospitals across the U.S. and more than 90 worldwide now use the TandemHeart System for extracorporeal circulatory support. The TandemHeart System is used in 17 of the top 20 heart and heart surgery hospitals in the U.S. and 11 of the nation's top 14 hospitals overall.
- Northwestern Memorial Hospital in Chicago, Ill.
- Sherman Hospital in Elgin, Ill.
"We're proud to be associated with these influential hospitals and the forward thinking physicians who use TandemHeart System for their patients," said Michael Garippa, president and CEO of CardiacAssist.
Northwestern Memorial Hospital is one of 173 hospitals in the United States recognized for implementing quality cardiac care, while Sherman Health Hospital ranks third in volume in Chicagoland for heart procedures.
The TandemHeart System provides circulatory support through a cardiac catheterization procedure in as little as 30 minutes and can provide up to five liters per minute (lpm) of blood flow.
The TandemHeart System is fully reimbursed by Medicare under existing DRG codes. The device can be placed rapidly in the cath lab or operating room, providing reliable, temporary extracorporeal circulatory support.
To date, nearly 800 uses of the device in 28 countries at 90 different facilities by 120 different physicians have been performed.
Founded in 1996, CardiacAssist, Inc. is a privately held, Pittsburgh-based medical device company that develops, manufactures and markets innovative products designed to provide cardiologists and cardiac surgeons with minimally invasive solutions for providing extracorporeal circulatory support. Its vision is to help advance the treatment of heart disease by bridging gaps in current treatment methodologies.
This press release may contain certain forward-looking statements that relate to CardiacAssist's future business and financial performance. Such statements are subject to a number of risks and uncertainties that may cause the actual events or future results to differ from those discussed herein.
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