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April 21, 2015 8:29 PM ET

Healthcare Equipment and Supplies

Company Overview of Intelligent Hospital Systems, Inc.

Company Overview

Intelligent Hospital Systems, Inc., a medical device company, designs, develops, and manufactures automated solutions for the hospital environment. It offers RIVA, a fully automated IV compounding system that prepares medications for syringes and IV bags for the general hospital, chemotherapy, and pediatric markets in an aseptic environment. The company also provides support and installation services. It offers its products through distributors. The company was founded in 2004 and is based in Winnipeg, Canada.

96 Nature Park Way

Winnipeg, MB R3P 0X8

Canada

Founded in 2004

Phone:

204-943-0066

Fax:

204-943-7646

Key Executives for Intelligent Hospital Systems, Inc.

Chief Executive Officer and President
Age: 65
Chief Financial Officer
Chief Operating Officer
Chief Technology Officer
Vice President of Human Resources
Compensation as of Fiscal Year 2014.

Intelligent Hospital Systems, Inc. Key Developments

Australia Pharmaceutical Compounders Uses Intelligent Hospital Systems' RIVA Technology to Produce Patient Chemotherapy Doses

Intelligent Hospital Systems announced the Australian Therapeutic Goods Administration (TGA), that nation's equivalent of the U.S. Food and Drug Administration, has approved a workflow process in which one of Australia's pharmaceutical compounders will use RIVA technology to produce patient chemotherapy doses. This is the first time the TGA has approved a drug compounding process that includes a fully automated IV compounding system in a Current Good Manufacturing Practice (cGMP) facility. The TGA is part of the Australian government's Department of Health and responsible for regulating therapeutic goods including prescription medicines and devices, among other things. IH Systems and the compounder worked together extensively on the necessary validation of the RIVA Chemotherapy system to demonstrate the technology and processes meet TGA's stringent requirements. With TGA's approval, the system is now in production manufacturing doses for Australia and New Zealand.

Intelligent Hospital Systems Announces Distribution Agreement with Simeks

Intelligent Hospital Systems announced a distribution agreement with Simeks. The healthcare solutions provider, which also has offices in Izmir and Ankara, will serve as IH Systems' exclusive distributor in Turkey, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Georgia and Iraq, further increasing RIVA's reach with hospitals and others.

King Faisal Specialist Hospital & Research Centre Selects Intelligent Hospital Systems's RIVA as IV Compounding Solution

Intelligent Hospital Systems announced that King Faisal Specialist Hospital & Research Centre, based in Riyadh, Saudi Arabia, purchased two RIVA systems for its pharmacy. RIVA, the only fully-automated pharmacy IV compounding system on the market today, was selected because of its ability to safely prepare medications in an aseptic environment and provide significant cost savings. The systems are scheduled for delivery and installation later this year. The new RIVA contract is the latest development highlighting IH Systems' expansion in the region. Local IH Systems distributor NAWAH, which facilitated the acquisition of KFSH&RC's RIVA systems, was responsible for the placement of another system scheduled for installation in Doha, Qatar.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 9, 2015
AmerisourceBergen Technology Group
 

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