Finance Articles

Sabal Medical Receives Initial Institutional Investment Capital

Charleston, South Carolina (PRWEB) February 22, 2008 -- Sabal Medical Inc, a privately held company whose products are helping hospitals deliver medications to their patients more safely and efficiently, announced today that it has successfully closed its first institutional investment financing. The financing was led by Nexus Medical Partners of Quincy, MA, and its German affiliate, Medicis Ventures Management GmbH of Munich. Mr. Gregory Zaic, a senior partner of Nexus, will join the Company's Board of Directors. Nexus was joined in the financing by existing investors led by SC Launch! of South Carolina.

"This is a very exciting time for our company," said Bill Park, President and CEO of Sabal Medical. "This investment is a huge vote of confidence from our existing and new investors. It provides us the runway needed to successfully complete the establishment of pilot programs with several leading hospitals and to commence our production efforts," said Park.

"The Sabal system provides the last vital link in the error-free administration of drugs to hospital patients and will play a key role in reducing medication errors and the costs of administering them", Mr. Zaic commented. "Such errors now cost US hospitals $2 billion per year treating their patients' preventable adverse drug events," Zaic continued.

Sabal Medical was initially recruited to South Carolina from Seattle, Washington in late 2006 by an investment from SC Launch!, a South Carolina state-funded source of seed investment capital. Since then, Sabal has successfully produced and demonstrated a prototype version of their flagship patient safety product, MedCenter?, to several eastern US hospitals, and is on target to deliver a commercial version later this year. MedCenter? is a mobile medication cart that uniquely provides nurses with secure and audited bedside access to patient medications through an innovative combination of electro-mechanical control coupled with computer software, and in a footprint small enough to easily fit into a patient's hospital room. The goal of MedCenter? is to help eliminate medication errors, improve medication inventory management, and increase nursing efficiency---improving patient care while reducing costs.

About Sabal Medical

Founded in 2006, Sabal Medical is headquartered in Charleston, SC and is providing bedside mobile automation technology to improve the safety and efficiency of medication administration for hospitals and long-term care facilities.

About Nexus Medical Partners

Nexus Medical Partners, a private equity firm specializing in making private equity investments in and providing strategic assistance to medical technology and selected life science companies. Nexus has offices in Quincy, MA, Charleston, SC and Munich, Germany. Nexus and its Munich-based affiliate, Medicis Nexus Partners GmbH, supplied all of the institutional capital for the Company.

About SC Launch!

SC Launch!, an SCRA affiliate, assists entrepreneurial start-up companies with up-front counseling, seed-funding, and access to a powerful resource network. The SC Launch! mission is to help generate knowledge economy jobs in South Carolina, enhance the state's quality of life and provide opportunity for all South Carolinians in the new economy.

About SCRA (www.scra.org)

SCRA is a global leader in applied research and commercialization services with offices in Anderson, Charleston, and Columbia, SC. SCRA collaborates to advance technology with industry, government, and research universities like Clemson University, the University of South Carolina and the Medical University of South Carolina.

SC Launch! ? is a trademark of SC Launch!, Inc. SCRA® is a registered trademark of SCRA.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Dorsa Consulting Assists State Governments and Municipalities Seeking Compliance With New Governmental Accounting Standards
Dorsa Consulting assists state governments and municipalities that are seeking to comply with a new government accounting standard. Dorsa, one of the nation's leading pension administration services companies, is reaching out to these governments as they prepare to meet compliance deadlines for a government accounting standard change. Those whose budgets are larger than $100 Million must begin complying with the Governmental Accounting Standards Board's Statement 45 ruling by December 15, 2006.

Real Estate as an investment
Real estate investments are often termed as low risk investments that can potentially yield good returns. A lot of people think that real estate is an easy business where you dont really need to do anything.

How To Find Good Home Mortgage
While looking for home mortgage loans, you find yourself entitled for lower interest rates if you have healthy credit scores. However, don?t assume you will get only a costly loan if you have some credit problems that arose due to illness, or temporary unemployment. You can explain the situation to your lender and chances are higher you will get a less expensive home mortgage. The key here is to open yourself up to available mortgage choices and willingness to do some bargain. Before you submit a loan application be aware of your credit standing by checking your latest credit score with any of the credit rating agencies ? Equifax, TransUnion or Experian.

Shop Around for the Cheapest Mortgage Protection Quote
When looking for the cheapest mortgage protection quote the best way of finding it is to go online and get your quotes with a specialist offering payment protection However when looking for affordable cover for your mortgage you also need to take the terms and conditions into account

Real Estate Investment - Why it is Big Business?
When examining the different asset classes, real estate is generally far less volatile than shares and real estate tends to be the haven that investors flock to when other asset classes are suffering.It is true to say that investment properties can have many benefits in terms of building long-term wealth, but we must never forget that this wealth is not guaranteed!Following the global real estate boom of the late 1980's many investors learnt this hard lesson when they found their properties were worth far less than they had actually paid for them and the bottom seemingly fell out of the over-inflated market.

Taking a gamble on your mortgage
While the economy suffers at the hand of credit crunches and Wall Street crises, it's important to remember that it is possible to take advantage of the one thing that has taken a positive drop in recent months - the base rate set by the Bank of England.

Tips On Avoiding Mortgage Problems
When times are good, times are very good. When times are bad, homes are repossessed. It is safe to say that the good times are over for home owners who have a mortgage to pay off and like clockwork the repossession industry is shifting up a gear.

How Does Bridging Loan Finance Work ?
How Does Bridging Loan Finance Work ?

Is Offshore Banking for You?
You've probably heard about people who keep their money offshore. Most likely you assume they're all wealthy businessmen; millionaires, who have so much money they somehow 'qualify' to move it out of the country, right? Wrong! Offshore banking can be a benefit for anybody regardless of income.

Florida Mortgage Loan For Total Mortgage Solutions
Mortgage schemes are actually financial loans offered to interested individuals. Real estate property must be put on stake to obtain mortgage. Such loans are paid back in regular monthly installments.

Houston Accounting Firm Melton & Melton LLP Joins International Association of Independent Firms
Houston based Melton & Melton LLP is the latest U.S. CPA firm to join MSI Legal & Accounting Network Worldwide (MSI). The firm needed to find an alternative solution to a merger in order to satisfy increasing client demand for services in other U.S. States and internationally. Joining MSI meets this requirement, and just as importantly, enables the firm to retain its much-valued independence and identity

A Beginner?s Guide On Non Profit Accounting Software
A common man may wonder- what is the relation of accounting software with a non profit organization. Wherein, the question itself has answer in it. All nonprofit organizations strive to optimize every penny of their budget, which can be done efficiently via software applications designed specifically for their purpose.

What is a Tracker Mortgage?
A tracker mortgage 'tracks' the Bank of England base rate, meaning your mortgage stays in line with interest rates and the market in general. The result on your monthly mortgage interest payments is that they go up when the base rate goes up and go down when the base rate goes down.

What Car Finance Deal Should You Choose?
Financing the purchase of your car can be difficult. Recent research has highlighted the fact that most consumers have decided how to pay for their vehicle even before visiting a forecourt. Reasons for this include high interest rate charges and the motor trade?s poor reputation. Showroom finance is often not considered as an option, with high street and online lenders greatly preferred, perhaps not surprising considering that they do traditionally provide better car finance deals.