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SIMH (Sanomedics International Holdings, Inc.)


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Sanomedics International Holdings Inc. (SIMH) is a medical technology company who designs, develops, and markets medical diagnostic equipment for professional healthcare providers through its subsidiary, Thermomedics Inc. and has developed the world’s first non-contact thermometer.

The CAREGIVER PROFESSIONAL is an FDA-cleared clinical-grade infrared device with TouchFree technology, developed by the same team that invented tympanic thermometry, which measures forehead temperature in adults, children, and infants without direct contact but still offering instant, accurate temperatures. This new thermometer technology is rugged enough for clinic handling and routine office use due to its one-button operation that creates easy use, minimizes risk of operator error, improves patient cooperation, improves hygiene by reducing the risk of cross-contamination, requires no probe covers, highly reduces the cost of storage space, eliminates the cost of probe covers, as well as waste disposal costs of the plastic residue. Additionally, SIMH’s technology has a multi-task capability which can also measure room, skin, and surface temperature in both Celsius and Fahrenheit at the flick of a switch.

SIMH’s revolutionary device has Received Enthusiastic Reviews from nurses at a university-related primary care facility in Arizona, which further confirms the device’s outstanding performance. The company’s devices are currently being used nationwide by Alternate Site and Acute Care healthcare provider and will further expand its Distribution with a New Three-Year Agreement with Novation, a globally known provider of healthcare supply chain, who serves over 100,000 members of two national healthcare alliances. Furthermore, the devices have been enlisted by the Firestone Natural Rubber Company to assist in the Fight Against The Ebola Outbreak in West Africa and Completed an Initial Purchase from the Atlanta Headquarters of the Center for Disease Control for use on arriving travelers from at-risk countries as well as at New York’s John F. Kennedy’s International Airport.

 

Symbol: SIMH  [ Current PPS: $0.0177  Outstanding Shares: 113.7M  Float: 1.1M   – a/o December 9, 2014 ]

simh chart

Website(s): www.sanomedics.com

Market

  • There are currently several alternative methods of clinical thermometry that can deliver patient temperatures however, few of these are able to operate without the use of expensive protective probe covers and require intensive technique and concentration.
  • The Global Wound Care Market is forecasted to total $18.3 billion by 2019
  • The Ebola outbreak in West Africa first began in March 2014 and, according to the World Health Organization, has rapidly taken the lives of 6,346 people worldwide.
  • The care cost for U.S Ebola patients may have cost as much as $500,000.
  • Novation, a globally known provider of healthcare supply chain, handles 40% of the staffed beds in the U.S, 45% of the admissions, and represents 94% of the U.S Academic medical centers.
  • According to the Centers for Disease Control and Prevention, 129.8 million Americans visit the emergency room – a temperature check is a routine procedure.

 

Recent News

  • SIMH was Awarded the Innovative Technology Designation at the annual Innovative Technology Expo event in September for developing a healthcare product that improves patient outcomes and enhances patient and provider safety.
  • The company’s 2014 Q3 Results detailed a 33% revenue increase, an 85% gross profit increase, and a record breaking backlog.

 

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