Itamar will sell its sleep disorder diagnostic device.
Medical device company Itamar Medical Ltd. (TASE:ITMR) is set to sign a significant contract with US healthcare company Kaiser Foundation Health Plan Inc. The company estimates the deal to be worth several million dollars. Kaiser Foundation is one of the largest healthcare providers in the US with 8.5 million members and activity worth a total of $31.1 million. The company has an integrated care model, offering both hospital and physician care through a network of hospitals and physician practices. Itamar will sell Kaiser its Watch - PAT 100 device for the diagnosis of sleep-related breathing disorders at clinics or at patients' homes.
Itamar Medical president and CEO said the agreement with Kaiser, one of the largest organizations of its kind, would help establish Itamar Medical's status as a supplier to public and federal health authorities in the US, and that it would pave the way for agreements with other smaller companies with whom it is negotiating.
Published by Globes [online], Israel business news - www.globes.co.il - on August 20, 2007
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