Cobe Renal Care changes its name to Gambro Healthcare.LAKEWOOD, Colo.--(BUSINESS WIRE)--April 2, 1996--COBE Laboratories Inc., a wholly-owned subsidiary of Sweden's Gambro Group, today announced that it has integrated its renal care equipment manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , COBE COBE: see infrared astronomy. Renal Care, Inc., with the dialysis clinics of its REN ren or jen In Confucianism, the most basic of all virtues, variously translated as “humaneness” or “benevolence.” It originally denoted the kindness of rulers to subjects. subsidiary, to form a new company called Gambro Healthcare. "Since 1992, when COBE acquired a majority interest in REN Corporation, the two companies have explored working together in their respective manufacturing and patient healthcare delivery businesses, while continuing to operate separately," said Mats Wahlstrom, President of Lakewood, Colo.-based Gambro Healthcare. "Now we've gone a step further and integrated the operations into a single company, which allows us to fully utilize, and gain maximum benefit from, our combined resources." "The new name symbolizes the nature of the company that has evolved in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. : a network of outstanding medical clinics, research and development, and manufacturing operations, vertically integrated to provide superior care and products to Gambro Healthcare patients and customers." There are more than 200,000 dialysis patients in the U.S. Dialysis is administered to patients with End Stage Renal Disease Renal disease Kidney disease. Mentioned in: Glycogen Storage Diseases hypertension High blood pressure Cardiovascular disease An abnormal ↑ systemic arterial pressure, corresponding to a systolic BP of > 160 mm Hg (ESRD ESRD end-stage renal disease. ESRD End-stage renal disease; chronic or permanent kidney failure. Mentioned in: Dialysis, Kidney ESRD End-stage renal disease, see there ), who generally require dialysis three times a week for the rest of their lives. New patient growth is approximately 9 percent per year, due principally to an aging population, greater patient longevity and improved treatment techniques. COBE Renal Care, Inc., now known as Gambro Healthcare, produces several products essential for renal replacement therapy Renal replacement therapy is a term used to encompass life-supporting treatments for renal failure. It includes:
Blood Lines is a short story collection by British crime-writer Ruth Rendell, published in 1995. The title story features her detective Inspector Wexford, and the final story is the acclaimed novella "The Strawberry Tree". , dialysis concentrate and dialysis machines. COBE Laboratories, Inc., the parent company of Gambro Healthcare, was acquired by Gambro AB in June 1990. In addition to its renal care business, the company is a leader in the development, manufacture, and sale of medical equipment for the cardiovascular, blood component technology and therapeutic markets worldwide. The company has about 4,700 employees in the United States, and in 1995, revenues exceeded $650 million. COBE Cardiovascular, Inc. and COBE BCT BCT Brigade Combat Team BCT Basic Combat Training BCT Best Conventional Pollutant Control Technology (EPA) BCT Business Cards Tomorrow BCT Banque Centrale de Tunisie (Central Bank of Tunisia) (Blood Component Technology), Inc., other subsidiaries of COBE Laboratories, Inc., will be unaffected by this change. Gambro AB, based in Sweden, is a global leader in medical technology, focusing on the treatment of blood outside the body. Core business areas include Dialysis Products, Dialysis Care, Cardiovascular, and Blood Component Technology. Gambro's largest business is Renal Care, with the company's Dialysis Care and Dialysis Products divisions accounting for 81 percent of company revenues. REN Corporation-USA, based in Nashville, Tenn., became a wholly-owned subsidiary of COBE in December 1995. The company, now known as Gambro Healthcare Patient Services, owns and operates a network of 74 dialysis centers throughout the U.S., with new centers continually being acquired in line with corporate growth plans. REN is a provider of dialysis services with leading medical school affiliations and a Medical Advisory Board composed of nationally known kidney specialists. CONTACT: Mats Wahlstrom, President Ralph Z. Levy, Jr., General Counsel & Secretary Gambro Healthcare 303/232-6800 or Herbert S. Lawson, Vice President, CFO See Chief Financial Officer. COBE Laboratories, Inc. 303/232-6800 or Raymond F. McNulty Maria Stokes Citigate Communications 212/508-3400 (Phone); 212/508-3541 (Fax) eMail: maria_stokes@citigate.com |
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