Medtech Group Company History Timeline

1819
The stethoscope challenged the place of the narrative of illness. It was introduced into practice through 1819 treatise De l'auscultation m diate , written by the inventor of the stethoscope, the French physician Ren Laennec.
1842
Ultrasound's principles had been known for more than a century a Swedish physicist, Christian Andreas Doppler, gave his name to the phenomenon in 1842 , but this was its first use in prenatal care.
1906
The year 1906 is marked as the starting point for a number of key innovations that are commonplace today, including powered flight, air conditioning, and electronics.
1929
A tank respirator introduced by Philip Drinker and Charles McKhann in 1929, which used negative-pressure techniques to secure respiration, became the iron lung that sustained victims of poliomyelitis.
1935
1935 Ann Arbor, Mich. association incorporated in Michigan.
1944
The artificial kidney was created as a device for acute, intermittent dialysis by Willem Kolff in The Netherlands in 1944.
1947
Though earlier national meetings were held in conjunction with physician groups, by 1947 ASMT held its first independent convention.
1948
The operation was soon found useless and destructive and is no longer practiced, but in 1948 Moniz was awarded the Nobel Prize in Medicine or Physiology for his invention.
1957
In 1957, he performed the first cochlear implantation.
1973
In 1973, United States congressional legislation provided funds to provide dialysis to all who required it.
1975
ECMO, often called the highest form of life support, had its first successful use in 1975 on newborns with severe respiratory distress.
1976
In 1976, Americans celebrated the Bicentennial, the world s first recorded Ebola virus epidemic took place in Africa, and landmark FDA legislation was enacted to provide reasonable assurance of the safety and effectiveness of medical devices.
1984
1984 Journal of Medical Technology a joint publication of American Medical Technologists and the American Society for Medical Technology .
1985
In 1985, a first-of-its-kind intragastric balloon device debuted on the US market, as a preliminary, temporary intervention prior to invasive bariatric surgery for the treatment of a booming global epidemic obesity.
1989
MaryStuartMTS has been writing about business issues affecting the medical device industry since 1989, as a founding team member of Windhover Information.
1990
The recipient lived 11 years more, and in 1990 the lead surgeon, Doctor Joseph E. Murray, won the Nobel Prize in Medicine or Physiology.
1992
Colorado MEDtech was founded on October 19, 1992 when Cybermedic Inc., a publicly traded company, and RELA Inc., a privately held company, signed a definitive agreement to merge.
1993
Vencor had taken an initial interest in CMED on December 6, 1993 when it purchased 500,000 shares or about 9 percent of the company's common stock.
In 1993, the United States market alone totaled 31 billion.
Sales increased to 20.6 million compared to 17.5 million in 1993.
1994
Atanasoff's plans for profitability began to pay off as the company announced results for its year ended June 30, 1994.
In 1994, Vencor purchased another 13 percent, increasing its interest in CMED to 22 percent, making it the company's largest shareholder.
1995
In March 1995, CMED announced that it had won a 3 million contract from New Jersey-based Ohmeda Inc, a large medical company with about 800 million a year in revenue and a subsidiary of the 5.2 billion industrial conglomerate BOC Group based in the United Kingdom.
On August 16, 1995, the company sold its money-losing cardiopulmonary product lines to Warren E. Collins, Inc.
1996
Gen-Probe initially approached CMED in 1996 with the idea of developing a DNA probe to detect HIV in blood.
1997
In February 1997, the company completed a 1.9 million acquisition of Novel Biomedical Inc. of Plymouth, Minnesota.
In 1997, the company experienced several important developments.
By the end of 1997, CMED's impressive growth led it to be moved from Nasdaq's Small Cap exchange to its National Market System.
1998
The company's rapid growth and success was recognized in October 1998 when Forbes magazine selected CMED as one of America's best 200 companies.
On November 6, 1998, Vencor announced that it had sold its entire stake in CMED for 22 million to repay debt.
1998 Company acquires the operating assets of Eclipse Automation Corporation.
1999
CMED completed the acquisition on November 15, 1999 by exchanging 736,324 of its own shares for all the outstanding shares of CIVCO and related estate.
Nevertheless, on December 23, 1999, Ken Trbovich, an analyst with Bigelow Co., a Denver investment bank, said in the Denver Post that the company's units that made x-ray machines and power systems for x-ray machines were in fine shape.
In 1999, the company achieved several strategic developments.
By the end of 1999, however, the company began experiencing difficulties.
2000
On August 31, 2000, in a filing with the SEC, Fant disclosed that he had been acquiring CMED stock since early May and had accumulated 1,214,300 shares, or about 9.9 percent of the total shares outstanding.
The modified system provided a combination of tools and services to support health care institutions' efforts to conform with year 2000 compliance for their biomedical devices.
2001
She started her career with Windhover Information in 2001 as Conference Logistics Manager where she was responsible for all of Windhover s conference series including IN3, among other responsibilities.
During 2001, the company also continued to restructure operations to focus on its core markets of medical technology, software services, and medical imaging products and services.
2003
The year 2003 was historic for a number of reasons the Iraq War, the loss of the Space Shuttle Columbia and her crew, and the conclusion of the world's largest collaborative biological project the Human Genome Project.
In 2003, two other researchers won a Nobel Prize for further discoveries.
2004
He founded four successful companies, held more than 50 patents and died in 2004, at age 95.
2015
ChelseaReintjes is a new addition to the medtech field, having graduated from UC Santa Barbara with a B.A. in Art History and Global Studies in 2015.
2018
In his first three years out of college, he worked at a preclinical medical device CRO where he managed and led the sales department prior to its acquisition in 2018.
TCT 2018 Shark Tank winner Aria CV hopes to impact the poor prognosis for this disease by focusing its first-of-a-kind, fully implantable device on a fundamental new mechanism of action mimicking the function of a healthy pulmonary artery.
2019
Dominic joined MedTech Strategist in 2019 and is eager to use his creative, strategic, and goal driven background to give the global medtech community a new perspective and the confidence building insight every professional needs.
2020
Unlike most pitching events, the INVEST Pitch Perfect competition on April 21-22, 2020 in Chicago spans health IT and life science sectors, including biopharma, diagnostics, and medical devices.
Founded
-
Company Founded
Headquarters
South Plainfield, NJ
Company Headquarter

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