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Cardiopulmonary Corp. and Nuvon Agree to Merge - Margaret Kelly - 09-02-2015
CardiopulmonaryCorp. and Nuvon Agree to Merge; Focus on Enabling Real-Time Integrated Healthcare Delivery from Data Capture to Improved Patient Care
Bringstogether a Shared Vision and Complimentary Solutions for Healthcare Providers to Realize Improved Efficiencies, Interoperability, Outcomes and Safety, Reduced Cost of Care and Increased Patient and Staff Satisfaction
Milford,CT and Philadelphia, PA — August 31, 2015— CardiopulmonaryCorp. (CPC), a leader in real-time connected healthcare and Nuvon, a leader in medical device integration, interoperability, and clinical intelligence, today announced that they have entered into a definitive agreement for Nuvon to merge with CPC. Each company's Board ofDirectors has approved the terms of the proposed transaction, which is expected to close in the next 60 days. Terms ofthe merger were not disclosed.
Thecombined company will offer a market leading platform that provides enterprise wide, real-time data management solutions to enable clinical insight for better patient care and support of critical healthcare workflows. Nuvon brings a strong, growing andwell-respected Medical Device Integration (MDI) solution, and CPC’s Bernoulli™ platform supports advanced Alarm Management, Continuous Patient Monitoring/Surveillance and Virtual ICU applications. Both companies have developed complimentary groundbreaking solutions in the area of predictive analytics for patient care that improve outcomes, enhance safety and reduce cost.
“Nuvonand CPC have a shared vision of leveraging comprehensive, high-fidelity, real time data to provide clinical insight across the all levels of patient acuity and the continuum of care,” said Janet Dillione, Chief Executive Officer of CPC. “Both companies have been working on the verydifficult tasks of capturing and adding value to disparate real time data for more than a decade, and agree that a merger which brings together our employees, interoperable solutions and nationally recognized clients represents the best way to move forward. With the support of our lead investors, the combined company is uniquely positioned to lead health care markets in leveraging real time clinical data to aid patient care.”
“Ourmission has been to transform medicine by delivering critical patient care data at the point of care, anywhere and in any format,” said Christopher Gatti, Chief Executive Officer of Nuvon. “We are absolutely confident that by joining together with CPC we will be able to further advance that mission and bring additional value across the entire patient care spectrum to both our current and future clients.”
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Foundedin 1989 with headquarters in Milford, CT, Cardiopulmonary Corp. is a leader in real-time connected healthcare, with more than 1,500 installed, operational systems. Its flagship BernoulliEnterprise system provides an extensible platform for Medical Device Connectivity, Alarm Management, Clinical Surveillance, Virtual ICU and Analytics to enable better outcomes, reduce the cost of care and improve patient and staff satisfaction. For more information visit www.cardiopulmonarycorp.com.
About Nuvon, Inc.
Nuvon’smission is to transform medicine by delivering critical Patient Care Data at the point of care, anywhere and in any format. Nuvon’s FDA cleared Class I and Class II Medical Device Connectivity and Clinical Intelligence Systems connect and automates the capture of Patient Care Data from medical devices, securely deliver that data to EMRs and other clinical information systems in any format, and present actionable information to clinicians in support of better patient outcomes for some of the leading names in healthcare delivery including the Cleveland Clinic, NorthShore University HealthSystem and Virtua. Nuvon is headquartered at the beautiful and historic Navy Yard in Philadelphia. For more information visit www.nuvon.com.
Contact:
Matt Schlossberg
Amendola Communications for Bernoulli
mschlossberg@acmarketingpr.com
630-935-9136