Acist Medical Systems, Inc. Announces Completion of $14.0 Million Financing.Health & Medical Writers EDEN PRAIRIE Eden Prairie A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300. , Minn.--(BW HealthWire)--April 27, 2000 Acist Medical Systems, Inc., a privately-held medical device company, announced today that it has completed a $14.0 million private placement of preferred equity with a group of investors led by First Union Capital Partners of Charlotte, NC. Also participating in the round were Treg Holding S.A., Bracco Diagnostics Inc. and one individual investor. Following the financing, Neal Morrison, Partner of First Union Capital Partners, will join the Company's Board of Directors. Acist Medical's earlier investors include Vector Fund Management of Deerfield, IL. The Angiographic Contrast Injection System Technology ("ACIST") is a complete system solution that includes both a disposable administration kit and an electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). pump for use in the cardiac catheterization Cardiac Catheterization Definition Cardiac catheterization (also called heart catheterization) is a diagnostic procedure which does a comprehensive examination of how the heart and its blood vessels function. lab. The system provides an innovative, highly automated method for injecting contrast media that gives the physician constant interactive control through the use of an elegant hand piece and a user friendly touch screen monitor. The ACIST system was first introduced in October 1998 and is currently used in leading cardiac centers throughout the U.S., Europe and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . Additional product applications are being developed for the radiology, CT and MRI/ultrasound markets. The Company is led by President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dan Gladney, a seasoned medical device executive in the cardiology and surgical instrument industries, and founder and Chairman, Robert Wilson Robert Wilson may refer to:
http://umn.edu/. Address: Minneapolis, Minnesota, USA. . "We are pleased to partner with Acist Medical's team as they move further into commercializing what we believe is a broad, high-value platform technology," said Neal Morrison of First Union Capital Partners. Mr. Morrison added, "This is an exciting company with a proven management team. We are excited to be a part of an investment that will assist the Company in the next phase of development." Acist Medical Systems is a privately-held corporation founded in 1991 that has developed a new system to improve the delivery of contrast agents during angiographic procedures. Additional information about Acist Medical Systems is available on the company's website at http://www.acistmedical.com or by calling 952-941-3507. |
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