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COCONUT CREEK, Fla.--(BUSINESS WIRE)--InnoMed Technologies Inc., a medical equipment manufacturer of respiratory and sleep interface products for use in hospitals, institutions and homecare settings, announced that DeVilbiss Healthcare is no longer the exclusive distributor of InnoMed Technologies products. “With competitive bidding and declining reimbursement rates, demands are being placed on manufacturers to reduce prices and in order to remain competitive with companies such as ResMed (RMD:NYSE), Fisher & Paykel Healthcare Corporation Limited (FPH:ENZL), and Phillips Respironics (PHG:NYSE), we believe moving towards a direct sales model is the right thing to do. DeVilbiss was a good partner for many years, but with the recent changes in the health care environment, InnoMed has to plan for the future and create a solid business model for our customers and investors,” states Ron Richard, CEO of InnoMed Technologies.
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