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Archive for February, 2014

24
Feb

Advanced ICU Care®, Inc., the nation’s largest provider of telemedicine solutions to hospital intensive care (ICU) units, announced the appointment of health care executive Lou Silverman to the position of Chairman of the Board and CEO. Silverman will leverage his more than 20 years of experience in C-level and Board-level leadership to help the company build upon its success in 55 contracted hospitals across 19 states as well as fuel company expansion.

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24
Feb

ArborMetrix, Inc., a leading provider of real-time healthcare analytics, and Physician Resource Management, Inc. (PRM) announced a collaborative program launch that will integrate PRM’s protocol and program management with ArborMetrix’s clinical oncology analytics.

CARET™, a patient care technology tool developed by PRM, will provide point-of-service decision support and ArborMetrix’s data analytics for participating oncologists in Michigan.

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17
Feb

Arboretum Ventures portfolio company Inogen, Inc., has successfully completed an initial public offering of its stock (NASDAQ: INGN). Inogen makes and sells portable oxygen concentrators that provide supplemental oxygen to patients that have chronic obstructive pulmonary disease, or COPD. The company achieved $55 million in revenues during the first 9 months of 2013, with EBITDA of $10 million. Tim Petersen remains on the Board of Directors of the company.

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17
Feb

Tangent Medical, a manufacturer of IV therapy products and creator of the NovaCath™ Integrated IV Catheter System announced it has been awarded ISO 13485:2003 from the British Standards Institution (BSI). ISO 13485:2003 certification is the internationally recognized quality standard for medical devices and diagnostics.

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10
Feb

ArborMetrix is expected to announce on Monday February 10th that it has closed on a funding round of $8.3 million. The round was led by RPM Ventures of Ann Arbor and joined by Ann Arbor-based Arboretum Ventures, which put up the $1.5 million in seed capital that launched ArborMetrix in 2011; the student-run Wolverine Fund of the University of Michigan’s Ross School of Business; and the Ann Arbor-based Renaissance Venture Capital Fund, which usually invests in other VC firms but made an exception this time to invest in a specific company.

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