Healthcare Industry News: bed system
News Release - October 30, 2008
Hill-Rom Announces Agreement with Encompass Therapeutic Support Systems Adding New Surface Choice for Use with Hill-Rom FramesBATESVILLE, Ind., Oct. 30 (Healthcare Sales & Marketing Network) -- Hill-Rom (NYSE: HRC ) today announced a new agreement with Encompass Therapeutic Support Systems (Glendale, Calif.) to provide its AccuMax Quantum(TM) VPC Support Systems for use with Hill-Rom® bed frames.
"We are excited to move forward in our relationship with Encompass," said Mary Butler, executive director of Marketing and Strategy for Global Surfaces at Hill-Rom. "This agreement is part of our focus on developing key alliances with other leading companies in the health care area. We believe the agreement with Encompass will bring a valuable new choice to our customers as they look for the right solutions to meet the needs of their patients. Encompass offers a cost effective solution as well as proven clinical efficacy in this important product area."
Butler adds that the new agreement should enable Hill-Rom to increase options for customers who may be looking to replace only part of a bed system. Under the agreement, Hill-Rom will be the exclusive provider of this non-powered surface product for use with Hill-Rom's signature TotalCare® Therapy System and VersaCare® bed system.
"We believe Hill-Rom's leadership expertise combined with our own innovative therapeutic surface will be appealing to customers of both companies," said David Buchicchio, vice president of Marketing & Operations, for Encompass Therapeutic Support Systems.
About Encompass Therapeutic Support Systems
Encompass Therapeutic Support Systems has for 40 years provided high quality support surfaces to the healthcare community. ETSS' customers include acute and post acute care facilities. Its products are designed to provide cost-effective solutions and improve patient outcomes across the entire healthcare spectrum. For more information, please call ETSS Customer Satisfaction Department at 800-822-8288.
Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, and information technology solutions. Hill-Rom's comprehensive product and service offerings are used by health care providers across the health care continuum in hospitals, extended care facilities and home care settings to enhance the safety and quality of patient care.
Hill-Rom .. enhancing outcomes for patients and their caregivers.
Disclosure Regarding Forward-Looking Statements
Certain statements in this press release contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's future plans, objectives, beliefs, expectations, representations and projections. The Company has tried, wherever possible, to identify these forward-looking statements using words such as "intend," "anticipate," "believe," "plan," "encourage," "expect," "may," "goal," "become," "pursue," "estimate," "strategy," "will," "projection," "forecast," "continue," "accelerate," "promise," "increase," "higher," "lower," "reduce," "improve," "expand," "progress," "potential" or the negative of those terms or other variations of them or by comparable terminology. The absence of such terms, however, does not mean that the statement is not forward-looking. It is important to note that forward-looking statements are not guarantees of future performance, and the Company's actual results could differ materially from those set forth in any forward-looking statements. Factors that could cause actual results to differ from forward-looking statements include but are not limited to: the Company's dependence on its relationships with several large group purchasing organizations, whether the Company's new products are successful in the marketplace, changes in customers' Medicare reimbursements, collections of accounts receivable, compliance with FDA regulations, antitrust litigation, potential exposure to product liability or other claims, failure of the Company's announced strategic initiatives and restructuring and realignment activities to achieve expected growth, future restructuring or realignment activities, efficiencies or cost reductions, disruptions in the Company's business or other adverse consequences resulting from the recent spin-off of the funeral service business, failure to realize the anticipated benefits of the spin-off, failure of the Company to execute its acquisition and business alliance strategy through the consummation and successful integration of acquisitions or entry into joint ventures or other business alliances, increased costs or unavailability of raw materials, labor disruptions, the ability to retain executive officers and other key personnel, and certain tax-related matters. For a more in depth discussion of these and other factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended September 30, 2007, its Current Report on Form 8-K filed with the SEC on March 17, 2008, and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2008. The Company assumes no obligation to update or revise any forward- looking statements.
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