Explore below for the most current news about Electromed, Inc., the SmartVest® and HFCWO.
News
Electromed,
Inc. Partners with Leader Healthcare FCZO to Distribute the SmartVest®Airway Clearance System in the GCC Region
January 11, 2012 - Electromed, Inc. (NYSE Amex: ELMD), has announced an exclusive partnership with Leader Healthcare FZCO for sale and distribution of its flagship product, the SmartVest®Airway Clearance System. Leader Healthcare FZCO, headquartered in Dubai, caters to the Specialty Healthcare needs of the Medical Fraternity in the GCC (Gulf Cooperation Council) Region (United Arab Emirates (UAE), Saudi Arabia, Kuwait, Qatar, Oman, and Bahrain) and represents a significant number of product lines in multiple health care fields.
Electromed,
Inc. Provides Guidance Regarding Operating Performance for the Fiscal Quarter and Last Half of 2012 Fiscal Year
January 17, 2012 - After reporting a strong First Quarter FY2012 ended September 30, 2011, in which Sales advanced 29% versus the comparable prior Fiscal Year Quarter, Electromed, Inc. (NYSE Amex: ELMD) announces the following actions that will impact operating performance for its Second Quarter ended December 31, 2011 and the Second Half of FY2012 ending June 30, 2012.
Electromed,
Inc. Earnings Call -
2012 First Quarter Results
November 9, 2011 -Electromed, Inc. (NYSE Amex: ELMD) today announced financial results for the three-month period ended September 30, 2011. Net Revenues for the three months ended September 30, 2011 were approximately $5,379,000, a 29.1% increase compared to Net Revenues of approximately $4,165,000 for the same period last year. The Company also announced Net Income of approximately $246,000, or $0.03 per basic and diluted share, for the three months ended September 30, 2011, compared to Net Income of approximately $112,000, or $0.02 per basic and diluted share, for the same period last year. Net Revenues increased in correlation with the expansion of the sales force.
Electromed,
Inc. Earnings Call -
2012 First Quarter Results
November 2, 2011 -Electromed, Inc. (NYSE Amex: ELMD) today announced that it will report financial results for the first quarter of its 2012 fiscal year on Wednesday, November 9, 2011. A press release containing summary financial information for the fiscal 2012 first quarter will be issued after market close on November 8, 2011, and Electromed, Inc. will host a conference call the next morning to review the results at 8:30 a.m. Central Time.
Electromed,
Inc. Names Jeremy T. Brock, CPA as CFO
October 19, 2011 -Electromed, Inc. (NYSE Amex: ELMD), maker of the SmartVest®Airway Clearance System, today announced that the Company's Board of Directors, upon the recommendation of the CEO, Mr. Robert D. Hansen, appointed Mr. Jeremy Brock to the position of Chief Financial Officer. In this role, Mr. Brock will oversee the Company's financial reporting and provide financial strategy, planning, and forecasts in consultation with the Company's officers and managers.
Electromed,
Inc. Salutes Medical Assistants Across the Nation
October 14, 2011 - Electromed, Inc. (NYSE: ELMD), developer, manufacturer and distributor of the patented SmartVest®Airway Clearance System, salutes Medical Assistants across the country during Medical Assistants Recognition Week, as designated by the American Association of Medical Assistants (AAMA), October 17-21.
October 10, 2011 – Electromed, Inc. (NYSE: ELMD), developer, manufacturer and distributor of the patented SmartVest® Airway Clearance System, today announced that its Chairman & CEO, Robert Hansen, along with members of the Company's management team and Board of Directors, will preside over the NYSE opening bell ceremony on Thursday, October 13, 2011. This event celebrates the Company's recent transfer to the NYSE from the NASDAQ Capital Market. One of only two companies to successfully complete an IPO in Minnesota in 2010, Electromed, Inc.'s common stock began trading on the NASDAQ Capital Market in August 2010 under the trading symbol "ELMD", which will remain the same on the NYSE.
Electromed,
Inc. Introduces New Custom Fabric Color
October 10, 2011 - Electromed, Inc. (NYSE: ELMD), maker of the SmartVest®Airway Clearance System, announced today that it is expanding its product line with "Seriously Pink," a new custom SmartVest color. The Seriously Pink SmartVest will debut at the North American Cystic Fibrosis Conference (NACFC) in Anaheim, California, November 3-5, 2011.
September 22, 2011 – Electromed, Inc. (NASDAQ: ELMD) today announced that its Board of Directors has voted to transfer its stock exchange listing from the NASDAQ Capital Market to the NYSE Amex. Electromed currently expects that its common stock will commence trading on the NYSE Amex on October 3, 2011 and will continue to be listed under the ticker symbol “ELMD.” Until it begins trading on the NYSE Amex, Electromed's common stock will continue to trade on the NASDAQ Capital Market.
Electromed,
Inc. Reports
2011 Fourth Quarter and Year End Results
September 12, 2011 - Electromed, Inc. (NASDAQ: ELMD) today announced financial results for the three months and fiscal year ended June 30, 2011. Net revenues for the three months ended June 30, 2011 were approximately $4,954,000, a 36.7% increase compared to net revenues of approximately $3,624,000 for the same period last year. Net revenues for the fiscal year ended June 30, 2011 were approximately $19,004,000, a 32.9% increase compared to net revenues of approximately $14,304,000 for the same period last year.
Electromed,
Inc. Earnings Call -
2011 Fourth Quarter and Year End Results
September 9, 2011 - Electromed, Inc. (NASDAQ: ELMD) today announced that it will report financial results for the Fourth Quarter and Year End of its 2011 Fiscal Year on Tuesday, September 13, 2011. A press release containing summary financial information for the Fourth Fiscal Quarter and FY2011 will be issued after market close on September 12, 2011, and Electromed, Inc. will host a conference call the next morning to review the results at 8:30 a.m. Central Time.
Electromed, Inc. Names Jeremy Brock, CPA as Financial Controller
August 10, 2011 - Electromed, Inc. (NASDAQ: ELMD), maker of the SmartVest®Airway Clearance System, today announced the addition of Jeremy Brock, CPA in the position of Financial Controller. Mr. Brock will oversee the operations of the Accounting Department for the accurate and timely dissemination of financial management reports including internal and external monthly financial statements, annual audits, annual budgets, forecasts, and the design of an organizational structure adequate for achieving the department's goals and objectives.
Electromed, Inc. Presents Distinguished Service Award to Jerry Cahill
July 27, 2011 - Electromed, Inc. (NASDAQ: ELMD), maker of the SmartVest®Airway Clearance System, has presented its first annual Distinguished Service Award to Jerry Cahill, a strong advocate in the fight against Cystic Fibrosis. Electromed, Inc. created this award to recognize people in the community who have gone above and beyond to improve the lives of individuals with airway clearance conditions. Jerry was specifically recognized for his advocacy for and practical support of CF families.
Electromed, Inc. Names William Eckles to Its Board of Directors
July 26, 2011 - Electromed, Inc. (NASDAQ: ELMD), maker of the SmartVest®Airway Clearance System, today announced the appointment of William Eckles to its Board of Directors. Mr. Eckles has served as the President and Chief Executive Officer of Blue Earth Valley Communications, Inc. since 2003. He also serves as a director of First Bank Blue Earth, FNB Bancshares, Inc. (Blue Earth, MN), and Hector Communications Corporation (New Ulm, MN).
Electromed, Inc. Names Diane M. Erdman As Human Resources Director
July 21, 2011 - Electromed, Inc. (NASDAQ: ELMD), maker of the SmartVest®Airway Clearance System, today announced the addition of Diane M. Erdman in the role of Human Resource Director. Ms. Erdman will focus her efforts in Recruitment, Performance Management, Compensation, Employee Relations, Organization Development and Employee Development.
June 2, 2011 - Electromed, Inc. (NASDAQ: ELMD), maker of the SmartVest®Airway Clearance System, today announced the appointment of James J. Cassidy, PhD, to the role of Chief Operating Officer. In addition to contributing to the strategic and operational leadership of Electromed, Dr. Cassidy will focus his efforts in Engineering, Product Development, Regulatory and Manufacturing, areas in which he has particular expertise.
Electromed,
Inc. Reports
2011 Third Quarter Results
May 12, 2011 - Electromed, Inc. (NASDAQ: ELMD) today announced financial results for the three and nine months ended March 31, 2011. Net revenues for the three months ended March 31, 2011 were approximately $5,199,000, a 22.9% increase compared to net revenues of approximately $4,229,000 for the same period last year. Net revenues for the nine months ended March 31, 2011 were approximately $14,050,000, a 31.6% increase compared to net revenues of approximately $10,680,000 for the same period last year.
CEO of Electromed, Inc. Named Finalist for 2011 Entrepeneur of the Year
April 29, 2011 - Ernst & Young LLP is pleased to announce the 2011 Ernst & Young Entrepreneur Of The Year® Upper Midwest finalists. This group of outstanding entrepreneurs was selected by an independent judging panel made up of previous winners of the award, leading CEOs, private capital investors and other regional business leaders. The winners will be revealed at a gala on June 15 at the Frontier Center in Milwaukee, WI.
Electromed, Inc. Makes the Star Tribune’s Top 100 Public Companies List
April 29, 2011 - Electromed, Inc. (NASDAQ: ELMD), maker of the SmartVest®Airway Clearance System, has been listed among the top 100 largest publicly traded companies in Minnesota by the Star Tribune. The Star Tribune 100 is a measure of the largest publicly held companies with headquarters in Minnesota ranked by Calendar Year 2010 revenue.
Electromed, Inc. Named as One of the Top 25 Medical Technology Companies
by the Minneapolis/St. Paul Business Journal
April 28, 2011 - Electromed, Inc. (NASDAQ: ELMD), maker of the SmartVest®Airway Clearance System, is proud to announce its inclusion for the second year in the Minneapolis/St. Paul Business Journal's list of the Twin Cities Top 25 Medical Technology Companies. Electromed came in at number 23 on the list this year, up a spot from number 24 the previous year.
Electromed, Inc. Among Top 100 Public Companies in Minnesota
April 1, 2011 - The Minneapolis/St. Paul Business Journal announced the ”Top 100” and Electromed, Inc. scored well in revenue to earn its place among the top publicly held companies in Minnesota.
Electromed,
Inc. Reports
2011 Second Quarter Results
February 10, 2011 - Electromed, Inc. (NASDAQ: ELMD) today announced financial results for the three and six months ended December 31, 2010. Net revenues for the three months ended December 31, 2010 were approximately $4,686,000, a 45.4% increase compared to net revenues of approximately $3,223,000 for the same period last year. Net revenues for the six months ended December 31, 2010 were approximately $8,851,000, a 37.2% increase compared to net revenues of approximately $6,451,000 for the same period last year.
December
14, 2010 - Electromed,
Inc. (NASDAQ: ELMD), developer, manufacturer and distributor
of the patented SmartVest®Airway
Clearance System, today announced that its Chairman & CEO,
Robert Hansen, along with members of the Company’s management
team and Board of Directors, will preside over the NASDAQ
closing bell ceremony on Tuesday, December 14, 2010.
Electromed,
Inc. Reports
2011 First Quarter Results
November
15,
2010 - Electromed,
Inc. (NASDAQ: ELMD) today announced financial results for the
three months ended September 30, 2010. Net revenues for the
three months ended September 30, 2010 were approximately $4,165,000,
a 29% increase compared to net revenues of approximately $3,228,000
for the same period last year.
Electromed,
Inc. Announces Settlement of Trademark Litigation
October
1,
2010 - Electromed,
Inc. (NASDAQ: ELMD), announced today that it has settled a trademark
infringement lawsuit brought against the Company by Hill-Rom
Services, Inc., Advanced Respiratory, Inc., Hill-Rom Company,
Inc., and Hill-Rom Services Pte. Ltd. (collectively, “Hill-Rom”),
regarding Electromed’s use of the term “SmartVest®.”
The terms of the settlement agreement are confidential. The Company
has no plans to changes its marks.
Electromed,
Inc. Announces Exercise of Over-allotment Option
September
29, 2010 - Electromed,
Inc. (NASDAQ: ELMD) announced that Feltl and Company, Inc., underwriter
of its previously announced public offering, has exercised a
portion of the over-allotment option to purchase additional shares
of Electromed common stock in connection with Electromed’s initial
public offering.
Electromed, Inc. Announces Pricing of Initial Public Offering
August
13, 2010 - Electromed, Inc. (Nasdaq: ELMD), today announced pricing of its initial public offering of 1,700,000 shares of common stock at a price of $4.00 per share, before underwriting discounts and commissions.
Patty
Kreoger Promoted to Clinical Specialist Position
July
20, 2010 - Patty
Kreoger, RCP, BS, has been promoted to Clinical Specialist at
Electromed, Inc. Her responsibilities include maintaining and
dispensing inclusive clinical knowledge to support the Clinical
Area Managers throughout Electromed, Inc.
Breanna
Gruhlke, CPA, Assumes Senior Staff Accountant Position
June
28, 2010 - Breanna
Gruhlke, CPA, has been hired to oversee the day to day accounting
functions at Electromed, Inc. Located at the Corporate Office
in New Prague, MN, she is responsible for all Electromed, Inc.
accounting procedures and practices.
Kelly
Lunder Assumes Company-Wide Training and Development Position
June
24,
2010 - Kelly
Lunder has been hired to implement the new Company-Wide Training
and Development program at Electromed, Inc. after an extensive
search for the ideal candidate. While Ms. Lunder will be located
at the Corporate Office in New Prague, MN, her responsibilities
encompass all Electromed, Inc. national and international operations.
May
13,
2010 - Electromed,
Inc. is pleased to announce it’s latest development in its quest
to improve the health of patients with airway clearance needs by
making available innovative Airway Clearance products on a “best
value” basis... CUSTOM FABRIC COLORS.
Jeffrey
Skeim Promoted to National Sales Coach
February
5, 2010 - Bob
Hansen, Chairman and CEO of Electromed, Inc. announced today
that, “Jeff Skeim of Tampa, Florida has accepted the position
of “National Sales Coach” for Electromed, Inc.
R.
Alan Leonard Promoted to Regional Sales Manager at Electromed, Inc.
February
5, 2010 - Bob Hansen, Chairman and CEO of Electromed, Inc., announced that,
“Mr. Rick Leonard of Atlanta, Georgia has accepted the position
of Regional Sales Manager for the U.S. East Coast.”
Kelly
Reynolds Honored with “Chairman’s MILLION DOLLAR CIRCLE” Award
January
28, 2010 - Kelly
Reynolds, RRT, RCP, is the Clinical Area Manager for the Ohio,
Michigan, Indiana, Kentucky geographies and has recently been
honored with the “Chairman’s Million Dollar Circle” Award at
Electromed, Inc.
William
Grimm Receives American Lung Association Award
December
18, 2009 - Bill Grimm, RRT, Regional Manager (Western U.S.) at Electromed, Inc.
has recently received the award for volunteer
excellence in programs from the American Lung Association of the
Southwest.
Sherie
Wheeler Promoted to Regional Sales Manager at Electromed, Inc.
December
18, 2009 - Sherie Wheeler,
CRT, RCP, has recently been promoted to Regional Manager (Central
US) at Electromed, Inc. She will be responsible for the planning,
development and recruitment of the sales team within the Central
U.S.
Bradley Blascziek
Promoted to Manufacturing Manager at Electromed, Inc.
December
18, 2009 - Brad
Blascziek recently joined Electromed in 2009 as a Manufacturing
Engineer and, soon after, was promoted to Manufacturing Manager.
In this position he brings over 13 years of broad leadership
experience in manufacturing operations for various sized companies,
including rapidly growing, entrepreneurial companies.
July, 2009| We
are saddened by the loss of Linda
Gilson. Linda worked to make patients lives better
as a Clinical Area Manager covering the Central and Western
Pennsylvania territory.
Electromed, Inc. Awarded Accreditation from The Joint Commission
October
6,
2008 - Electromed,
Inc. has demonstrated compliance with The Joint Commission’s national
standards for health care quality and safety, earning them The
Joint Commission’s Gold Seal of Approval™.
Medicare
Expands HFCWO Coverage for Neuromuscular Disorders: Decision
ensures access to essential airway clearance therapy for thousands
of patients
Effective
October 1, 2008 - Medicare expanded durable medical equipment
(DME) coverage for High Frequency Chest Wall Oscillation (HFCWO)
devices to a broad range of neuromuscular and neuromotor disorders,
including hereditary muscular dystrophies, multiple sclerosis,
amyotrophic lateral sclerosis, myotonic disorders, myopathies
and quadriplegia.
