SIMS Deltec, Inc. acquires Graseby Medical, Inc.

ST. PAUL, Minn.--(BUSINESS WIRE)--Feb. 2, 1998--SIMS Deltec, Inc. has acquired the assets of Graseby Medical, Inc., St. Paul, and is in the process of integrating operations. The name of the merged organization is SIMS Deltec, Inc.

"We're excited about the possibilities for the new SIMS Deltec and look forward to having an increased range of products that can be jointly offered to customers," said James Stitt, president of Deltec. "The product lines of the two companies share many of the same characteristics, including quality, reliability and ease of use."

Graseby focused most of its attention in the hospital arena, manufacturing and marketing volumetric infusion pumps and disposable products for large-volume intravenous infusions. On the other hand, Deltec is strong in the alternate site market, where its CADD(R) (Computerized Ambulatory Drug Delivery) pumps are ideal for ambulatory intravenous infusions because they are compact and lightweight.

"We feel the two companies are ideally suited for each other and will increase our competitiveness in the hospital and alternate site markets," said Stitt. "We're currently in the process of combining operations and determining the best ways to meet - and exceed - customers' needs."

Graseby manufactures a complete line of infusion devices and related disposable products. In addition to volumetric pumps, the company also produces syringe pumps to control the infusion rates of injectable medications.

The corporate history of Graseby Medical, Inc. dates back to the early 1980s when AVI, a medical manufacturer that developed volumetric and syringe pumps, was formed. In 1984, the Infusion Therapy division of 3M acquired AVI. 3M's Infusion Therapy business was then purchased by Graseby plc in 1996 to become Graseby Medical, Inc.

With over a decade of infusion therapy experience, Deltec's commitment to quality products and services includes toll-free 24-hour-a-day clinical and technical phone support, reference materials, video and in-service instruction, and reimbursement assistance.

Deltec manufactures and markets, domestically and internationally, the following drug delivery systems: CADD ambulatory infusion pumps for chemotherapy, antibiotic therapy, nutritional therapy and pain management; PORT-A-CATH(R) implantable access systems for venous, arterial, peritoneal and epidural access; VENTRA(R) percutaneous intravenous catheters, CliniCath(R) peripherally inserted catheters; and GRIPPER(R) access needles.

Deltec Systems, Inc. was incorporated in 1983 as a startup company manufacturing computerized ambulatory drug devices. In 1986 Deltec, Nutech and Pharmacia merged to form Pharmacia Deltec, Inc., a medical manufacturing and marketing company. Pharmacia Deltec, Inc. was purchased by Smiths Industries Medical Systems (SIMS), London, in 1994 to become SIMS Deltec, Inc.

Fact Sheet

Formerly Graseby Medical, Inc.

Now SIMS Deltec, Inc.

1265 Grey Fox Road

St. Paul, MN 55112

Background

Graseby manufactures a complete line of infusion devices and related disposable products, including volumetric pumps and disposable administration sets that deliver large volumes of solutions and nutrition, and syringe pumps that control the infusion rates of injectable medications.

History

Headquartered in St. Paul, Minn., Graseby employed approximately 85 full-time employees throughout the United States. The company began in the early 1980s when AVI, a medical manufacturer that developed volumetric and syringe pumps, was formed. In 1984, the Infusion Therapy division of 3M acquired AVI. 3M's Infusion Therapy business later was purchased by Graseby plc in 1996 to become Graseby Medical, Inc.

Products

Graseby designs, manufactures and markets a volumetric infusion pump, and its disposables, for large-volume infusions. The Model 3000 has a unique modular design that allows up to six pumps to be interlocked and used on a single pole. The company also manufactures syringe pumps for anesthesia or high-risk infusions. The Model 3400 is an anesthesia syringe pump that can deliver various infusion ranges and the Model MS16A is an electronic syringe driver for small volume infusions in the acute and alternate care settings.

Fact Sheet

SIMS Deltec, Inc. (Deltec)

1265 Grey Fox Road

St. Paul, Minn. 55112

Background

Deltec is a world leader in the manufacture of devices used in ambulatory infusion therapy. The company produces ambulatory infusion pumps and implantable catheter systems for patients undergoing chemotherapy, pain management, antibiotic therapy and parenteral nutrition.

History

Headquartered in St. Paul, Minn., Deltec employs approximately 600 people worldwide. Deltec Systems, Inc. was incorporated in 1983 as a startup company manufacturing computerized ambulatory drug delivery devices. In 1986 Deltec, Nutech and Pharmacia merged to form Pharmacia Deltec, Inc., a medical manufacturing and marketing company. Pharmacia Deltec, Inc. was purchased by Smiths Industries Medical Systems (SIMS) in July 1994 to become SIMS Deltec, Inc. (Deltec).

Products

Deltec manufactures accessories and disposable products related to the use of CADD(R) ambulatory infusion pumps and PORT-A-CATH(R) systems and distributes them internationally through a direct sales force and distributor network. PORT-A-CATH systems are totally implantable devices used to deliver medications, nutritional solutions or other fluids, and for sampling blood. CADD products are compact, lightweight pumps that can be programmed to deliver medications or nutrition therapy on a continuous, intermittent, tapered or on-demand basis.

CADD-1(R) pump is used for continuous delivery of chemotherapy

CADD-PLUS(R) pump is used for continuous delivery of

chemotherapy and intermittent delivery of antibiotics

CADD-TPN(R) pump is used for continuous delivery, with or

without tapering, of nutritional solutions or fluids

CADD-Micro(R) pump is used for continuous delivery,

patient-activated doses or automatic doses of antibiotics,

chemotherapy,

antresident: James Stitt Vice President, Infusion Systems Division: Chris Hutchison

CONTACT: SIMS Deltec, Inc., Minneapolis

Kay Malchow, 612/628-7177

e-mail address: [e-mail]