Lorien Health Systems to Roll Out Simavita's SIM™ across Its US Facilities
September 16 2014 - 9:00AM
Business Wire
Highlights:
- Leading US aged care services
provider, Lorien Health Systems to roll out Simavita’s SIM™ Smart
Incontinence Management system across all of its skilled nursing
facilities
- Contract represents first major SIM™
customer for Simavita’s exclusive US distributor, Medline
Industries, Inc.
- Medline’s revenue over the one year
life of the agreement is expected to be approximately
US$250,000
Simavita Limited (ASX:SVA)(TSX-V:SV)(“Simavita” or the
“Company”) is pleased to announce that the Company’s exclusive US
distribution partner, Medline Industries, Inc. (“Medline”), has
advised that it has executed an agreement under which it will roll
out Simavita’s SIMTM incontinence assessment and management
solution across all of the Skilled Nursing facilities operated by
US aged care provider, Lorien Health Systems (“Lorien”.)
Lorien, a leader in the provision of aged care services in the
US, has in excess of 1,400 beds under management in its nine
Skilled Nursing facilities (roughly 800 beds) and five Assisted
Living facilities (roughly 600 beds) in the State of Maryland.
Under the agreement, it is expected that, commencing from the end
of September 2014, the SIM™ system will be rolled out across all of
Lorien’s Skilled Nursing facilities, replacing the numerous manual
continence assessments which are currently being undertaken.
It is anticipated that under the agreement, Lorien, an existing
Medline customer, will conduct approximately 700 SIM™ assessments
across its nine Skilled Nursing facilities and that the value of
this agreement to Medline over the one year life of the contract
will be in the order of US$250,000.
“Simavita is pleased to see sales momentum building around our
Smart Incontinence Management (SIM™) system in the US, and Lorien’s
belief in evidence-based practices makes SIMTM an ideal fit for
their business” said Simavita CEO Ms. Philippa Lewis. “We expect
the SIM™ system will deliver a range of important economic benefits
to Lorien’s facilities as well as health benefits to their
residents and we are excited about working together with Medline to
bring them to fruition”, she said.
For further information, please visit our website
(www.simavita.com) or contact the persons named below.
CompanySimavita LimitedPhilippa Lewis, Chief Executive
OfficerT: +61-2-8405-6381Tom Howitt, CFO and Company SecretaryT:
+61-2-8405-6391orMedia and Investor RelationsBuchan
ConsultingJane LoweE: jlowe@buchanwe.com.auT:
+61-2-9237-2800
Simavita (ASX:SVA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Simavita (ASX:SVA)
Historical Stock Chart
From Jul 2023 to Jul 2024
