• Leading US aged care services provider, Lorien Health Systems to roll out Simavita’s SIM™ Smart Incontinence Management system across all of its skilled nursing facilities
• Contract represents first major SIM™ customer for Simavita’s exclusive US distributor, Medline Industries, Inc.
• Medline’s revenue over the one year life of the agreement is expected to be approximately US$250,000
Sydney, Australia – September 16, 2014 – Simavita Limited (ASX: SVA; TSX-V: SV) (“Simavita” or the “Company”) is pleased to announce that the Company’s exclusive US distribution partner, Medline Industries, Inc. (“Medline”), has advised that it has executed an agreement under which it will roll out Simavita’s SIM™ incontinence assessment and management solution across all of the Skilled Nursing facilities operated by US aged care provider, Lorien Health Systems (“Lorien”.)
Lorien, a leader in the provision of aged care services in the US, has in excess of 1,400 beds under management in its nine Skilled Nursing facilities (roughly 800 beds) and five Assisted Living facilities (roughly 600 beds) in the State of Maryland. Under the agreement, it is expect that, commencing from the end of September 2014, the SIM™ system will be rolled out across all of Lorien’s Skilled Nursing facilities, replacing the numerous manual continence assessments which are currently being undertaken.
It is anticipated that under the agreement, Lorien, an existing Medline customer, will conduct approximately 700 SIM™ assessments across its nine Skilled Nursing facilities and that the value of this agreement to Medline over the one year life of the contract will be in the order of US$250,000.
“Simavita is pleased to see sales momentum building around our Smart Incontinence Management (SIM™) system in the US, and Lorien’s belief in evidence-based practices makes SIMTM an ideal fit for their business” said Simavita CEO Ms. Philippa Lewis. “We expect the SIM™ system will deliver a range of important economic benefits to Lorien’s facilities as well as health benefits to their residents and we are excited about working together with Medline to bring them to fruition”, she said.
For further information, please visit our website (www.simavita.com) or contact the persons named below.
Company Media and Investor Relations
Philippa Lewis, Chief Executive Officer
T: +61 2 8405 6381
Tom Howitt, CFO and Company Secretary
T: +61 2 8405 6391
Buchan Consulting
Jane Lowe
E: jlowe@buchanwe.com.au
T: +61 2 9237 2800
About Simavita
Simavita is a medical device company that has developed an innovative, world first solution for the management of urinary incontinence, with a focus on the elderly. The first product is the SIM™ platform technology which is an instrumented incontinence assessment application that provides evidence-based incontinence management care plans to the residential aged care market.
About SIM™
SIM™ is a wireless sensor technology that delivers evidence-based instrument incontinence data on individuals. SIM™ provides user friendly tools and software to assess the incontinence condition and to help plan better outcomes. SIM™ is used to detect, record and report incontinence events during a compulsory or recommended assessment period in residential aged care facilities to develop an evidence-based incontinence care plan.
Conducting assessments is mandatory in many countries and the incontinence assessment creates an influential element of care of each individual. For more information on Simavita or SIM™, please visit www.simavita.com.
About Medline Industries Inc.
Medline Industries, Inc., is the largest privately held manufacturer and distributor of quality medical supplies and clinical solutions in the US. Based in Mundelein, Illinois, the company has 1,200 direct sales representatives who are dedicated points of contact for customers across the continuum of care. Because of its capabilities and engagement with leading industry thought leaders, Medline delivers the most robust product portfolio and patient-care solutions to help healthcare providers perform at their very best. For more information on Medline, visit www.medline.com or http://www.medline.com/social-media to connect with Medline on a variety of social media channels.
About Lorien Health Systems
Established in 1977, Lorien Health Systems (www.lorienhealth.com) is a leading provider of a wide range of aged care services based in Ellicott City, Maryland. The Company operates a total of 14 aged care facilities (both Skilled Nursing and Assisted Living) comprising more than 1,400 beds, all located in the State of Maryland, USA.
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