Wednesday, November 26, 2008

Here are the latest product-related developments in the eldercare marketplace, from McKnight's



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• THE LATEST BUZZ

Time for a new policy?

April 09, 2008

Most operators stand to gain if private long-term care insurance becomes a significant source of eldercare funding. But a new study from Conning Research and Consulting indicates that such a scenario seems unlikely. Despite product innovation in recent years, individual and group sales have declined, according to Stephan Christiansen, director of research at Conning. "It may well be time for the [insurance] industry to rethink the entire product offering," he suggests.
 

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The Ten Steps to Fabulous Customer Service Helps You Become a Great "People Person."
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• NEW IN THE MARKET

Soft scrub

April 09, 2008

Tom's of Maine has announced what it calls a patent-pending breakthrough formula in its new Natural Clean & Gentle Care and Natural Sensitive Care Toothpastes. The formula helps create a soothing brushing experience, according to the firm.
 

Shedding light on diabetes

April 09, 2008

VeraLight's Scout DS diabetes screening system does not require the patient to fast or provide a blood sample. The device is simple to use and weighs about 10 pounds. It works by detecting abnormal concentrations of advanced glycation end products. The product is awaiting federal approval and is expected to be on the market later this year, according to the manufacturer.
 

Relaxing experience

April 09, 2008

Kohler recently introduced a VibrAcoustic line of tubs. Vibroacoustics is a technology-based sound therapy defined as hearing and feeling sound vibrations through the body. Bathers are enveloped in a multi-sensory environment that synchronizes music, vibration and light with water. The combined effect helps the bather relax more, according to the firm.
 

• NEWSMAKERS

QuietCare adds ZigBee technology

April 09, 2008

QuietCare has announced the adoption of ZigBee, an advanced wireless networking technology. The revelation was made at last week's AAHSA show in Washington. ZigBee will help staff interaction with residents, improve care plan design and aid managerial oversight, according to the firm. ZigBee technology is targeted at radio-frequency applications that require a low data rate, long battery life and secure networking.
 

Omnicare to repurchase own stock

April 09, 2008

Omnicare's board has authorized a plan to repurchase up to $100 million in the company's common stock. Purchases will be made periodically, depending on market conditions and other factors, the company said in a news release. The firm is the largest non-governmental provider of pharmacy and related services for the long-term care industry.
 

KCI gets LifeCell for $1.7 billion

April 09, 2008

Kinetic Concepts, Inc. announced that it will purchase LifeCell Corporation for $1.7 billion in cash. LifeCell makes tissue repair products for use in reconstructive, urogynecologic and orthopedic surgical procedures. The boards of directors of both companies have unanimously approved the transaction. LifeCell will operate as a new global biosurgery division within KCI.
 

Nursefinders acquires Resources On Call

April 09, 2008

Nursefinders announced that it has acquired Resources On Call, an independent allied staffing company. After the acquisition is completed, Nursefinders and its affiliates will have approximately $500 million in gross annual billings. Terms of the transaction were not disclosed.
 



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