02.06.2016 07:30:00
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IMPLANET: Nomination of a US Healthcare Reimbursement and Finance Expert to the Board of Directors
Regulatory News:
IMPLANET (Paris:IMPL) (OTCQX:IMPZY) (Euronext: IMPL, FR0010458729, PEA-PME eligible), a medical technology company specializing in vertebral and knee-surgery implants, announces today the decision of the Board of Directors to nominate Mary E. Shaughnessy as a new Board Director.
Drawing on 20 years of experience working for Partners Healthcare System in Boston, Mary brings a wealth of specific expertise in the healthcare finance and reimbursement sector. In her capacity as the Senior Vice President of Finance, Partners Continuing Care (PCC), Mary has played an integral role in the strategic planning process, reviewed monthly financial results to maximize revenue, improved payment rates from commercial and government payers and implemented a payer / service line profitability analysis for respective hospitals within Partners.
Mary E. Shaughnessy says: "I am excited about the opportunity, impressed by the management team and I look forward to working with a solutions oriented company with novel technology that can make a real difference in patients’ lives. The technology that Implanet is developing will also provide physicians with important tools in a fast moving healthcare environment.”
Ludovic Lastennet, CEO, concludes, "We are proud to welcome Mary E. Shaughnessy as an independent Board Director. Her vast experience in hospital administration and reimbursement strategies will prove invaluable as Implanet expands the JAZZ technology platform in a reimbursement environment that compels medical device suppliers to provide demonstrable value added benefits as an essential complement to documented clinical efficacy.”
About IMPLANET
Founded in 2007, IMPLANET is a medical
technology company that manufactures high-quality implants for
orthopedic surgery. Its flagship product, the JAZZ latest-generation
implant, aims to treat spinal pathologies requiring vertebral fusion
surgery. Protected by four families of international patents, JAZZ has
obtained 510(k) regulatory clearance from the Food and Drug
Administration (FDA) in the United States and the CE mark. IMPLANET
employs 48 staff and recorded 2015 sales of €6.7 million. For further
information, please visit www.implanet.com.
Based
near Bordeaux in France, IMPLANET established a US subsidiary in Boston
in 2013.
IMPLANET is listed on Compartment C of the Euronext™
regulated market in Paris.
DISCLAIMER
This press release contains forward-looking
statements related to Implanet and its activities. Implanet estimates
that these forward-looking are based on reasonable assumptions. No
guarantee is given as to these forecasts being achieved, which are
subject to risks, including those described in Implanet Reference
Document registered with the French Autorité des marchés financiers
(a copy of which is available on www.implanet-invest.com),
and to the development of economic conditions, the financial markets and
the markets in which Implanet operates. Forward-looking statements
included in this press release are also subject to risks unknown for
Implanet or not considered by Implanet as significant as of today. The
Company's future performance, the Company’s financial position, results,
cash-flows and developments in the sector may differ materially due to
the realization of one of those risk factors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160601006558/en/
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