The combination of our two organizations will accelerate progress towards our goals of offering leading products to more patients with urological disorders
Dodge City, KS and Augusta, GA (PRWEB) October 27, 2010
Pos-T-Vac, Inc., a leader in non-invasive medical devices for the treatment of erectile dysfunction announced today that it has acuired select assets and liabilities of Stamen Medical Systems,LLC. The total value of the transaction was not disclosed.
"This acquisition will be the key step in Pos-T-Vac's strategy to build a broader business, offering innovative products for urologic and gynecologic conditions to patients around the world," said Ed Stewart, the Chief Executive Officer of Pos-T-Vac Medical. "Adding Stamen Medical System's in-depth knowledge of urologic conditions, including erectile dysfunction, urinary incontinence, and Peyronie's Disease- will position Pos-T-Vac more broadly for the opportunities we see in the future." The combination of Pos-T-Vac and Stamen Medical Systems will now operate as UroMatrix Medical Systems.
Robert White, Chief Executive Officer of Stamen Medical Systems,LLC said, " We see substantial opportunities over the next five years to treat more patients with our innovative products to treat urologic and gynecologic conditions. The combination of our two organizations will definitely accelerate our innovation and progress towards our goals of offering leading products for patients suffering from erectile dysfunction,incontinence and other chronic, but treatable conditions." Going forward, Mr. White will serve as the President of UroMatrix Medical Systems which will be the new division of Pos-T-Vac.
Headquartered in Dodge City, Kansas, Pos-T-Vac Medical has been a leader in the field of erectile dysfunction for over 20 years. It now offers the newest and most innovative technology for the conservative and non -invasive treatments for erectile dysfunction. It's state-of-the-art vacuum therapy systems have helped well over five-hundred thousand patients return to active,healthy, intimate relationships, even in cases where pharmaceutical treatments have failed. Pos-T-Vac Medical has developed proprietary technology to make vacuum therapy systems comfortable and extreamly user friendly.