St.Vincent Hospital Renews Multi-Year, System-wide Contract for Masimo SET(R) Pulse Oximetry Technology
30 Dezembro 2009 - 11:00AM
PR Newswire (US)
Indianapolis-Based Health Provider Adds Six More Years to its
Masimo SET Pulse Oximetry Standardization Contract IRVINE, Calif.,
Dec. 30 /PRNewswire-FirstCall/ -- Masimo (NASDAQ:MASI), the
inventor of Pulse CO-Oximetry(TM) and Measure-Through Motion and
Low Perfusion pulse oximetry, announced today that St.Vincent
Indianapolis Hospital has renewed its campus-wide contract for
Masimo SET pulse oximetry technology. A Masimo customer since 2000,
St.Vincent cites advanced monitoring technology, an upgradeable
platform, and innovative new capabilities as key reasons for the
six-year system-wide renewal of their technology standardization
contract, which will continue to support the oximetry needs of the
quaternary facility. "All pulse oximetry technologies are not
created equal," stated Kathy Gatons, BA, RRT, Director of Clinical
Support at St.Vincent Hospital. "Masimo offers the best, most
advanced oximetry technologies available. We know the measurements
can be trusted and the alarms are valid when a Masimo pulse
oximeter is on the patient. That's why we chose to standardize on
Masimo SET 10 years ago and why we continue to leverage Masimo as
our pulse oximetry platform for the future. Patient safety is a
huge initiative that we support by placing Masimo technology at
every patient bedside." Continuing their standardization on Masimo
SET pulse oximetry technology allows St.Vincent Hospital to
leverage the unique breakthrough noninvasive blood constituent
monitoring capabilities of Masimo Rainbow SET Pulse CO-Oximetry.
Masimo Rainbow SET is the first-and-only technology platform
capable of continuously and noninvasively measuring multiple blood
constituents and parameters that previously required invasive
procedures, including: total hemoglobin (SpHb(TM)), oxygen content
(SpOC(TM)), carboxyhemoglobin (SpCO®), methemoglobin (SpMet®), PVI®
for fluid responsiveness, and acoustic respiration rate (RRa(TM)),
in addition to oxyhemoglobin (SpO2), pulse rate (PR), and perfusion
index (PI). The ability to immediately detect and treat potentially
life-threatening conditions without having to draw blood and wait
for the results facilitates earlier and better clinical decisions
that may help St.Vincent clinicians to save lives and improve
patient outcomes. According to Rex McKinney, MBA, RRT, CHP, FACHE,
Executive Director, Clinical Support Services at St.Vincent
Hospital, "Masimo has excelled at providing leading technology that
we need to support our patient safety initiatives. St.Vincent
places the highest priority on providing healthcare that is safe.
The Masimo technology platform provides our clinicians with the
tools to monitor patients effectively and provide the safest
clinical setting possible." Masimo Founder and CEO, Joe E. Kiani,
stated, "As an early adopter of Masimo SET technology, St.Vincent
was one of the first hospitals to see the clinical value and
patient impact of Masimo technology. Today, their unwavering
commitment to delivering the best possible patient outcomes and
remaining on the front line of medical advances is as strong as
ever. And, we are happy that they have chosen to bring the latest
noninvasive technologies to the patients they serve with Masimo
Rainbow SET - helping provide faster, more accurate diagnosis,
treatment, and recovery to those in need." St.Vincent Hospitals and
Health Services Driven by the faith of four Daughters of Charity
who arrived in Indianapolis in 1881 with $34.77 in their pockets,
the St.Vincent Hospital mission is to treat the poor and sick by
following our Core Values of Service of the Poor, Reverence,
Integrity, Wisdom, Creativity and Dedication. Our healthcare
ministry has grown to include seven Centers of Excellence: Women's,
Children's, Orthopedics, Cardiovascular, Neuroscience, Cancer Care
and Bariatrics. The ageless mission of St.Vincent remains
unchanged: to minister to the minds, bodies and spirits of those in
need. About Masimo Masimo (NASDAQ:MASI) develops innovative
monitoring technologies that significantly improve patient care -
helping solve "unsolvable" problems. In 1995, the company debuted
Measure-Through Motion and Low-Perfusion pulse oximetry, known as
Masimo SET®, which virtually eliminated false alarms and increased
pulse oximetry's ability to detect life-threatening events. More
than 100 independent and objective studies demonstrate Masimo SET
provides the most reliable SpO2 and pulse rate measurements even
under the most challenging clinical conditions, including patient
motion and low peripheral perfusion. In 2005, Masimo introduced
Masimo Rainbow SET® Pulse CO-Oximetry(TM), a breakthrough
noninvasive blood constituent monitoring platform that can measure
many blood constituents that previously required invasive
procedures. Masimo Rainbow SET continuously and noninvasively
measures total hemoglobin (SpHb(TM)), oxygen content (SpOC(TM)),
carboxyhemoglobin (SpCO®), methemoglobin (SpMet®), PVI®, and
acoustic respiration rate (RRa), in addition to oxyhemoglobin
(SpO2), pulse rate (PR), and perfusion index (PI), allowing early
detection and treatment of potentially life-threatening conditions.
Founded in 1989, Masimo has the mission of "Improving Patient
Outcomes and Reducing Cost of Care by Taking Noninvasive Monitoring
to New Sites and Applications." Additional information about Masimo
and its products may be found at http://www.masimo.com/.
Forward-Looking Statements This press release includes
forward-looking statements as defined in Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, in connection with the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations about future events affecting us and are
subject to risks and uncertainties, all of which are difficult to
predict and many of which are beyond our control and could cause
our actual results to differ materially and adversely from those
expressed in our forward-looking statements as a result of various
risk factors, including, but not limited to: risks related to our
assumptions regarding the repeatability of clinical results, risks
related to our belief that Masimo SET and Masimo Rainbow SET will
provide sufficient sensitivity and specificity to detect
physiological abnormalities in real-time - enabling clinicians to
detect and identify potentially life-threatening conditions earlier
and make better clinical and treatment decisions that may help save
lives and improve outcomes for their patients, risks related to our
assumption that the system-wide renewal of St.Vincent Health Care
will serve to substantially increase revenues, and risks related to
our assumptions regarding the future of the St.Vincent Health Care
system-wide pulse oximetry renewal contract, as well as other
factors discussed in the "Risk Factors" section of our most recent
reports filed with the Securities and Exchange Commission ("SEC"),
which may be obtained for free at the SEC's website at
http://www.sec.gov/. Although we believe that the expectations
reflected in our forward-looking statements are reasonable, we do
not know whether our expectations will prove correct. All
forward-looking statements included in this press release are
expressly qualified in their entirety by the foregoing cautionary
statements. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of today's date. We
do not undertake any obligation to update, amend or clarify these
forward-looking statements or the "Risk Factors" contained in our
most recent reports filed with the SEC, whether as a result of new
information, future events or otherwise, except as may be required
under the applicable securities laws. Media Contacts: Dana Banks
Johnny Smith Masimo Corporation St.Vincent Health (949) 297-7348
(317) 583-3961 Masimo, SET, Signal Extraction Technology, Improving
Outcomes and Reducing Cost of Care by Taking Noninvasive Monitoring
to New Sites and Applications, Rainbow, SpHb, SpOC, SpCO, SpMet,
PVI, RRa, Radical-7, Rad-87, Rad-57, Rad-9, Rad-8, Rad-5, Pulse
CO-Oximetry and Pulse CO-Oximeter are trademarks or registered
trademarks of Masimo Corporation. DATASOURCE: Masimo Corporation
CONTACT: Dana Banks of Masimo Corporation, +1-949-297-7348, ; or
Johnny Smith of St.Vincent Health, +1-317-583-3961, Web Site:
http://www.masimo.com/
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