Healthcare Industry News: valve repair
News Release - June 19, 2007
Swissray International, Inc. Expands Board of Directors with Two New AppointmentsELIZABETH, N.J., June 19 (HSMN NewsFeed) -- Swissray International, Inc., the pioneer and technology leader in the direct digital Radiography (DR) industry today announced the appointment of Gina Raimondo and Dr. Floyd D. Loop to its Board of Directors.
Gina Raimondo is a General partner of Point Judith Capital. Gina leads the firm's healthcare investing, with a focus on medical device and healthcare information technology companies. She represents Point Judith on the boards of GetWellNetwork, Afferent, Spirus Medical, MedOptions, and Novare Surgical. Ms. Raimondo received a BA from Harvard University, a law degree from Yale University, and a doctorate from Oxford, where she was a Rhodes Scholar. She currently serves on several non-profit boards and is a trustee of Women and Infants Hospital. Additionally, Gina is a member of the Rhode Island and New York Bars.
According to Ms. Raimondo, "We have thoroughly analyzed the expanding Digital Radiography market and its world wide opportunity for growth is impressive. Swissray is a leader in this field with strong brand recognition. Their Swiss engineered products are uniquely positioned to capture both the higher end hospital market segment and also the more price sensitive emerging opportunities throughout the world. Swissray's growth record and product portfolio impressed us enough to invest in the company and join the Board."
Dr. Floyd D. Loop was the CEO and chairman of the Board of Governors of The Cleveland Clinic Foundation from 1989-2004. Earlier, he chaired the Department of Thoracic and Cardiovascular Surgery at the Cleveland Clinic from 1975 - 1989. Dr. Loop and his colleagues were responsible for today's widespread use of arterial conduits in coronary artery surgery, innovations in valve repair, reoperations and numerous changes in technical procedure. As a surgeon, Dr. Loop performed more than 12,000 open heart operations and authored 350 papers on all aspects of cardiovascular surgery. Dr. Loop has served as president of the American Association for Thoracic Surgery, Chairman of the Residency Review Committee, and as a member of the American Board of Thoracic Surgery. He has received honorary degrees from Cleveland State University, Purdue University and St. Louis University among many other international awards. He also serves on the boards of Tenet Healthcare Corporation, Intuitive Surgical, Inc., Visible Assets Inc., Passport Health Communications, Inc., and Athersys, Inc.
Dr. Loop stated, "Swissray's products offer the finest combination of market leading resolution combined with very low x-ray dose. Swissray's success in orthopedics, pediatrics and general radiology speak to the attention to detail in designing products to meet these different market needs. As an experienced surgeon and retired CEO of the Cleveland Clinic, it is satisfying to see products developed that improve the quality of healthcare for the patient, for the clinician and health care efficiency."
Swissray has received from Frost & Sullivan the "Best Product Value" award for their market leading direct digital radiography (DR) systems. This new technology provides highest quality medical radiographic images in seconds at a significantly lower cost and radiation dose than conventional or computed radiography (CR) because, among other factors, film, imaging plates, cassettes and chemical processing are not required. Swissray currently provides a full range of DR systems for orthopedic applications, imaging centers, hospitals and emergency departments. All of Swissray's DR systems include its unique fully automated, remote controlled APS(TM) -- Automated Positioning System.
About Point Judith Capital
Point Judith Capital is a leading early-stage venture capital firm partnering with outstanding entrepreneurs building communications, Internet, healthcare and technology companies. Point Judith Capital has a strategic partnership with Tudor Investment Corporation, a premier alternative asset management firm with $15 billion under management. For more information, visit http://www.pointjudithcapital.com.
For more information about Swissray's family of ddR solutions, visit the Swissray website at http//www.swissray.com.
Source: Swissray International
Issuer of this News Release is solely responsible for its
Please address inquiries directly to the issuing company.