Medtech Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

VeriChip on the block

This article was originally published in The Gray Sheet

Executive Summary

Firm is seeking potential buyers for its VeriMed health link business, which makes a human-implantable passive radio frequency identification device (RFID). FDA cleared the rice-grain size chip system in October 2004 for medical applications (1"The Gray Sheet" July 24, 2006, p. 12). The technology allows rapid and accurate identification of people who arrive unconscious or otherwise unable to communicate in an emergency room. On May 15, the Delray Beach, Fla.-based company announced a $45 million cash deal to sell its primary operating unit Xmark, which makes non-implantable RFID technology to more easily identify and locate people and assets, to construction and personal security equipment maker Stanley. VeriChip has retained investment banker Kaufman Bros. to assist in the possible sale of the remainder of the company
Advertisement

Related Content

BlueCross Payor Begins Pilot For VeriChip’s Implantable Patient ID System
BlueCross Payor Begins Pilot For VeriChip’s Implantable Patient ID System
Advertisement
UsernamePublicRestriction

Register

MT026161

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel