CRITICARE SYSTEMS, INC.

CRITICARE SYSTEMS, INC.

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Company Overview
Criticare Systems, Inc. is a public company engaged in the development, marketing, and distribution of portable vital signs and gas monitoring instruments and related non-invasive sensors used to monitor patients in hospitals and other health care settings. The company as founded in 1984. Its corporate headquarters is located in Waukesha, Wisconsin, USA.
Criticare Systems is an international medical device company. The company offers a line of patient monitors for monitoring oxygen saturation, carbon dioxide, and anesthetic agents with monitoring technologies that provide electrocardiogram, invasive and non-invasive blood pressures, temperature, heart rate, and respiration rate. Its products include: VitalCare 506N3 Portable Vital Signs monitors, nGenuity 8100E Multi Parameter Vital Signs monitors, Poet Plus 8100 Vital Signs monitors, Poet IQ 8500 and Poet IQ2 8500Q Anesthetic Gas monitors, Model 503DX and 504DX Pulse oximeters, VitalView Central Monitoring station, Pulse Oximetry sensors, and WaterChek and Chek-Mate Filter systems.
Criticare Systems markets its products, through its sales force and independent dealers, to surgery centers, dental and physician offices, and nursing homes. The company operates in Europe, the Middle East, Pacific Rim, Canada, and central and South America.
Criticare Systems is committed to meeting or exceeding the expectations of its customers by delivering consistently high quality, reliable products and services.
Business Summary
Criticare Systems Inc is engaged in designing, manufacturing and marketing vital signs and gas monitoring instruments and related noninvasive sensors used to monitor patients in many healthcare environments. The Company has developed a range of patient monitors for monitoring oxygen saturation, carbon dioxide and anesthetic agents with monitoring technologies that provide electrocardiogram (ECG), invasive and noninvasive blood pressures, temperature, heart rate and respiration rate. The Company’s VitalView telemetry system allows monitoring up to sixteen patients simultaneously from a convenient central location. During the fiscal year ended June 30, 2006 (fiscal 2006), the Company introduced a new, next generation portable vital signs monitor (VitalCare 506N3) and a new, next generation portable multi-parameter vital signs monitor (nGenuity 8100E). In April 2008, Opto Circuits India Ltd. announced the acquisition of Criticare Systems, Inc.
Description and history
Criticare Systems Inc (Criticare), incorporated in October 1984, is engaged in designing, manufacturing and marketing vital signs and gas monitoring instruments and related noninvasive sensors used to monitor patients in many healthcare environments. The Company has developed a range of patient monitors for monitoring oxygen saturation, carbon dioxide and anesthetic agents with monitoring technologies that provide electrocardiogram (ECG), invasive and noninvasive blood pressures, temperature, heart rate and respiration rate. The Company’s VitalView telemetry system allows monitoring up to sixteen patients simultaneously from a convenient central location. During the fiscal year ended June 30, 2006 (fiscal 2006), the Company introduced a new, next generation portable vital signs monitor (VitalCare 506N3) and a new, next generation portable multi-parameter vital signs monitor (nGenuity 8100E). In April 2008, Opto Circuits India Ltd. announced the acquisition of Criticare Systems, Inc.

Criticare markets a range of vital signs and gas monitoring products designed to address the needs of a variety of end-users in different patient environments. Criticare’s monitors display information graphically and numerically. The Company’s new products, as well as those in development are focused on anesthesia-related monitoring.

The Portable Vital Signs Monitor is available in multiple configurations, with a choice of Criticare or Nellcor oximetry, ComfortCuff noninvasive blood pressure and temperature (either FILAC FasTemp or Alaris TurboTemp). The unit is used for spot checking or continuously monitoring patients’ vital signs.

The Multi Parameter Vital Signs Monitor combines electrocardiogram (ECG), ComfortCuff noninvasive blood pressure, design of experiments (DOX) digital oximetry, heart rate, temperature, respiration rate, and nurse call interface for a complete vital signs monitor for physician offices, clinics, and transport and hospital applications. The optional features of this unit include arrhythmia and strain (ST) analysis, and an integrated printer.

The CSI 8100 Vital Signs Monitor provides flexibility for hospital, transport and outpatient care settings. The unit’s configurations include ECG, ComfortCuff noninvasive blood pressure, DOX digital oximetry, heart rate, temperature, respiration rate and nurse call interface. The optional features include carbon dioxide/oxygen (CO2/O2) and invasive blood pressure monitoring and an integrated printer. The 8100 is suited for departments that require vital signs monitoring to conscious sedation.

The Poet IQ 8500 gas monitor is used in conjunction with the Poet Plus 8100 Vital Signs Monitor to provide vital signs technology and anesthesia gas monitoring in a compact, modular system. The Poet IQ2 8500Q Gas Monitor provides anesthesia gas monitoring in a stand alone monitor. The operating systems of both monitors consist of an integrated, solid state module-based on infrared technology developed by Criticare. The products are marketed as configurable systems for applications by original equipment manufactures (OEMs) and as Criticare branded products.

Criticare’s complete line of pulse oximeters meets the needs of virtually all clinical environments, including adult, pediatric and neonatal intensive care units, operating rooms, emergency rooms, nursing homes, physicians’ offices and ambulances. The product is designed to provide accuracy and convenience to the end-user.

The VitalView central station makes it possible for one nurse or technician to monitor up to sixteen patients simultaneously. It can receive, display and store data from a range of Criticare monitors and patient-borne multiple parameter telemetry devices for continuous vital signs monitoring. It can also be used as a wireless device or hardwired and has ST and arrhythmia analysis capabilities.

Criticare has designed noninvasive sensors that can be used on any patient from a premature infant to a full-grown adult. Criticare’s reusable sensors include a finger sensor for routine applications and a multisite sensor for increased placement flexibility. The multisite sensor is fully immersible, allowing for sterilization between patients. The Company also sells a range of disposable sensors designed for single use in cases where the facility would prefer to use a patient charge disposable product.

The Company’s disposable Water Chek system separates a patient’s respiratory secretions from a breath sample before it enters the gas monitor for analysis. The disposable Chek-Mate filter increases the removal of moisture from the sample, while preventing cross-contamination. This system allows the monitor to operate regardless of humidity or patient condition. The self-sealing feature also protects the healthcare provider from potential contamination.

The Company competes with General Electric Company, Andros Incorporated, Dr ger Medical, Datascope Corp., Philips Electronics, Welch Allyn Inc., Mindray Medical International Limited, CAS Medical Systems, Inc., Nihon Kohden Corporation and OSI Systems, Inc.

Business Line
Engaged in the development, marketing, and distribution of portable vital signs and gas monitoring instruments and related non-invasive sensors used to monitor patients in hospitals and other health care settings
Subsidiary
CRITICARE BIOMEDICAL INC
Advisor
BDO SEIDMAN
IPO date
5/1987
US SIC Code
3845
Company Address
20925, Crossroads Circle

City province or state postal code
53186, WAUKESHA, WI
Phone: +1 262 798 8282
Fax: +1 262 798 8290
Country address: UNITED STATES OF AMERICA
Website url: www.csiusa.com