Medical laser rental company Emergent Group to trade on NYSE Alternext US

NOVEMBER 7, 2008 -- Emergent Group Inc. (Sun Valley, CA), provider of equipment for laser surgery, cosmetic skin treatments, and other medical-laser procedures, has been approved for listing on the NYSE Alternext US. The company anticipates trading on the exchange, formerly known as the American Stock Exchange, to begin the week of November 10 under the ticker symbol "LZR".

"Our presence on NYSE Alternext US will recognize Emergent Group's increasingly important role in the provision of mobile medical laser and surgical equipment through our PRI Medical Technologies subsidiary," said Chairman and CEO Bruce J. Haber.

Emergent Group, through its wholly owned subsidiary, PRI Medical Technologies, provides mobile medical laser and surgical equipment in 16 states on a per-procedure basis to hospitals, outpatient surgery centers and physicians' offices. Along with the equipment ,customers receive support by technical personnel. "We believe this new listing will give investors a greater opportunity to understand our potential for future growth in this exciting healthcare sector," Haber noted.

Emergent is focused on the following growth strategies:

* Expanding per-procedure rentals of existing medical equipment and sales of accompanying disposable items in markets that now cover 16 states.
* Capitalizing on a growing number of medical procedures and increasing limits on physician ownership of equipment.
* Identifying and offering new, cost-effective medical technologies to hospitals and physician groups with the aid of company-trained technicians.
* Pursuing acquisitions that expand Emergent's sales and geographic footprint.

Emergent Group should also benefit, Haber said, as hospitals shift their focus to equipment rental opportunities and limit capital expenditures in a difficult economic environment.

Approval of Emergent Group's new listing on the NYSE Alternext US is contingent upon the company being in compliance with all applicable listing standards on the date it begins trading, and may be rescinded if the company is not in compliance with such standards.

More information:
PRI Medical

Get All the BioOptics World News Delivered to Your Inbox

Subscribe to BioOptics World Magazine or email newsletter today at no cost and receive the latest news and information.

 Subscribe Now
Related Articles

(SLIDESHOW) View the July/August 2013 issue

Low-intensity red laser light boosts teeth whitening

A study conducted by researchers from São Paulo State University confirms that using low-level red laser light to activate bleaching gel increases the effectiveness of teeth whitening.

NONINVASIVE BIOIMAGING: NIR-based vascular imaging device wins excellence award

Christie Medical Innovations' (Memphis, TN) vascular imaging system, VeinViewer Vision, has been recognized as a winner for the 2011 Medical Design Excellence Award (MDEA).

Optical coherence tomography aids photodynamic therapy in skin cancer treatment

Researchers have documented successful use of Michelson Diagnostics' VivoSight optical coherence tomography (OCT) scanner for in-vivo mapping of non-melanoma skin cancer, which they used throughout...

BLOGS

Neuro15 exhibitors meet exacting demands: Part 2

Increasingly, neuroscientists are working with researchers in disciplines such as chemistry and p...

Why be free?

A successful career contributed to keeping OpticalRayTracer—an optical design software program—fr...

LASER Munich 2015 is bio-bent

LASER World of Photonics 2015 included the European Conferences on Biomedical Optics among its si...

White Papers

Understanding Optical Filters

Optical filters can be used to attenuate or enhance an image, transmit or reflect specific wavele...

How can I find the right digital camera for my microscopy application?

Nowadays, image processing is found in a wide range of optical microscopy applications. Examples ...

CONNECT WITH US

            

Twitter- BioOptics World

Copyright © 2007-2016. PennWell Corporation, Tulsa, OK. All Rights Reserved.PRIVACY POLICY | TERMS AND CONDITIONS