SANOMEDICS INTL HLDG (OTCMKTS:SIMH) is holding strong just over a penny after a nice pop last week. The stock saw a fast move up last month on Ebola euphoria. SIMH announced last week that the Company’s Thermomedics, Inc. division, makers of the world’s leading TouchFree™ Clinical Thermometer, Caregiver®, has signed a comprehensive distribution agreement with Henry Schein, Inc.
SIMH has been around for years and used to trade as Niagara Mining & Development Co focused on the business of purchasing & developing mining properties before the reverse merger and name change to Sanomedics International.
SANOMEDICS INTL HLDG (OTCMKTS:SIMH) is a medical technology holding company that focuses on game changing products, services and ideas — a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. Sanomedics plans to grow existing business organically and through strategic acquisitions specifically relating to healthcare technology and services.
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It all started on October 10 after SIMH announced that the Company’s Thermomedics, Inc. division has shipped the first group of devices to Atlanta Headquarters of the Center for Disease Control (“CDC”) for immediate distribution to selected ports of entry, where touch-free temperatures are destined to identify fevers in arriving travelers from at-risk countries.
The Company has dramatically increased production requirements to meet the escalating demand for the Caregiver, not only for the CDC needs, but in response to the growing adoption of these devices in healthcare facilities across the United States.
SIMH prodcut, the Caregiver® Thermometer is the world’s first clinical-grade device with TouchFree™ technology developed by the team that invented tympanic thermometry! Our new Caregiver® thermometer offers instant, accurate temperatures and easy-to-use features that professionals have asked for…
the Caregiver® has recently garnered national media attention after the caregiver was featured on CNN as the product the CDC is using at airports to screen for Ebola in the front lines in the fight against the deadly disease.
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On December 9 SIMH announced it has signed a comprehensive distribution agreement with Henry Schein, Inc. Schein is the world’s largest provider of healthcare products and services to office-based dental, animal health, and medical practices with operations and affiliates in 28 countries and sales of over $9.6 billion in 2013.They recently came to an agreement with Cardinal Health, Inc. in which the physician office sales team and physician office distribution business of Cardinal Health’s Medical segment, with annual sales of more than $300 million, will be transitioned into Henry Schein’s Medical Group, servicing the medical product needs of more than 25,000 physician office customer locations and approximately 200 employees.
Currently trading at a $2 million market valuation SIMH has come into the public eye in recent months thanks to the Ebola stock frenzy. The stock saw a pop to $0.60 back in October but has failed to make any gains since.
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Disclosure: we hold no position in SIMH either long or short and we have not been compensated for this article.