Fortitude Group Inc. Announces the Acquisition of Legacy Life Science (L2S)
2013年1月29日 - 10:30PM
ビジネスワイヤ(英語)
Fortitude Group Inc., (Symbol FRTD) CEO Thomas Parilla today
introduces its first acquisition to its medical division, Legacy
Life Science (L2S).
The L2S premium product portfolio contains the Comprehensive
Airway Management System consisting of five, patented FDA approved
products ready for worldwide distribution and sales. The
Comprehensive Airway Management System is engineered to
significantly reduce and prevent respiratory distress in the
perioperative procedural sedation environment (anesthesia). A
common scenario in peri-operative procedural sedation involves
degradation of patient airway monitoring and management; and
therefore, constitutes the designation as a Hospital Acquired
Condition or (HAC) for respiratory related distress. Current
standard of care is insufficient, the result:
· 1M annual pulmonary complications after surgical procedures in
the U.S.
· 350,000 respiratory arrests annually from complications and
over 46,200 deaths
· 3M added patient days, resulting in 2M added ICU days and over
$12 billion
Eighty percent of complications during anesthesia are due to
airway mishaps and respiratory distress (i.e., obstruction and/or
closure). A recent market designation of capnography as a “standard
of care” by the American Society of Anesthesiologists (ASA) and
other professional organizations clearly recognize the growing
importance to protect patients from respiratory events leading to
death, these respiratory events are categorized as HAC(s). The L2S
Comprehensive Airway Management System meets the new ASA
Standards.
The total annual US market includes the hospital inpatient $1.05
billion dollars and hospital outpatient $855 million dollars. Due
to the clinical application of the new American Society of
Anesthesiologists (ASA) guidelines, business analysts predict the
market will double by 2017 and exceed $4 billion dollars.
Fortitude Group Inc., President Christopher J. Cuzzola
commented, “Dr. Colantonio and I are very familiar with this
product line. We understand the important role the Comprehensive
Airway Management System plays in saving patient lives and
improving clinical outcomes while meeting the new ASA Guidelines.
"We're very excited about the growth prospects within our Life
Science Division, and shareholders can expect additional updates to
follow in the very near future"
About:
Fortitude Group Inc. develops practical solutions for healthcare
with direct holdings, subsidiaries and or joint ventures. The
Company’s service-product portfolio includes premium FDA approved
medical devices and advanced technologies engineered to prevent the
risk associated healthcare acquired conditions and improve clinical
outcomes.
Safe Harbor:
This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks,
assumptions and uncertainties that could cause the Company's actual
results to differ materially from those projected in such
statements. Forward-looking statements speak only as of the date
made and are not guarantees of future performance. We undertake no
obligation to publicly revise any forward-looking statements.
ContactSterling Capitol Investor RelationsKent ThomasPhone –
(631) 824-7661Email – IR-FRTD@sterlingcapitol.net
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