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FOR IMMEDIATE RELEASE
Media Contacts:
Trevose, PA – June 5th, 2006 – Mennen Medical®, a leading provider of cardiac catheterization and electrophysiology systems as well as patient monitoring and clinical data information solutions, announces the acquisition of MTRE (Medical Thermo-Regulation Expertise) Company.
MTRETM is a leader in the field of cooling therapy for post cardiac arrest and head trauma victims in intensive care units. The leading product of the company is CritiCool®. The company's products are installed in more than 200 hospitals and over 15 countries world wide. The company was established in 1998 by various leading VC's and around 28 million Dollars were invested in the company and the development of its advanced technology line of products.
“We welcome MTRETM to the Mennen Medical® family”, said Ran Nimrod, Chairman of Mennen Medical Group. “MTRETM enables Mennen Medical® access to the rapidly growing field of therapeutic hypothermia of post cardiac arrest and head trauma patients. Thus, it will enable Mennen Medical® to extend its product offering to its strategic market segments – the cardiology, the Intensive care and the theatre departments in the hospitals.”
Ran Nimrod added “This acquisition is a substantial step forward for the group toward its strategy of acquiring new and innovative complementary technologies which will enable the company to introduce wider and more comprehensive solutions and gain competitive advantages in the markets it is active in.”
“This is an excellent opportunity for both Mennen Medical® and MTRETM”, states Amir Shiner, General Manager of MTRETM. “The merger of our technologies, with the powerful sales & marketing infrastructure of Mennen Medical®, will provide a great solution to the customers.”
About Mennen Medical
Mennen Medical® is a leading international corporation, developing and marketing cardiac catheterization and electrophysiology systems, as well as patient monitoring and clinical data information solutions. For over four decades, Mennen has led these fields worldwide, combining cutting edge technological achievement with an uncompromising corporate culture of passionate customer service and personalized care. Mennen Medical® is a privately owned company, with headquarters located in Israel and fully owned subsidiaries in the US and UK.
For additional information:
United States and Canada call: 800.223 2201
All other regions call: + 972 8 932 3333
Website: www.mennenmedical.com |
