EFY Times  
Tuesday, January 27, 2015

 
GO
 
 

Intelligent Hospital Systems Acquired By Longtime Leading Shareholder Ed Van Humbeck And Family
 
Home >> Electronics >> Acquisition and Merger
 
Intelligent Hospital Systems Acquired By Longtime Leading Shareholder Ed Van Humbeck And Family  
 
   
Rate this news:  (0 Votes)
Thursday, April 17, 2014 Intelligent Hospital Systems, Ltd., today announced it has been acquired by the Van Humbeck family, Winnipeg natives who have been substantial and longtime investors in the company. The transaction structured as an asset sale closed April 15.






The new company, Intelligent Hospital Systems, Inc. (IH Systems), will continue developing industry-leading pharmacy automation technology, including RIVA, the only fully-automated IV compounding system on the market today. The sale is expected to be seamless from an operations standpoint. Customers, employees, vendors and contractors can anticipate business as usual.

"With the success of RIVA technology firmly established and demand for pharmacy automation increasing rapidly, IH Systems is poised for unprecedented growth," said Ed Van Humbeck on behalf of the family. "As an investor in the company for many years, it has been exciting to see RIVA’s proprietary technology become the gold standard in pharmacy automation. I look forward to increasing sales of RIVA around the world and seeing IH Systems become the global leader in providing pharmacy automation solutions."

The Van Humbecks have been significant investors in IH Systems, Ltd., since 2008. Recognized for their business acumen and entrepreneurial spirit, the family founded and later sold Winnipeg company Vansco Electronics after building it into a global manufacturer of high-tech electronic systems for construction machines and other heavy equipment. Vansco grew to employ more than 1,000 people under the Van Humbecks’ leadership. As investors in IH Systems Ltd., the Van Humbecks provided vital support to the development of RIVA’s pioneering automation technology. The company’s expansion into international markets is expected to accelerate under their ownership.

"This transaction is vital to IH Systems' ability to continue implementing its strategy for global growth," said Dr. Niels Erik Hansen, who will continue in his role as president and CEO of IH Systems, Inc. "We are thrilled that Mr. Van Humbeck and his family, who have been among our most ardent supporters, are now taking full ownership. We are confident this transaction will facilitate our ability to make strategic decisions more effectively and assist our existing customer base to reach the next level of success. Further, it will allow us to expand the products being offered to the marketplace and enter emerging markets more efficiently."

Since its introduction in 2008, RIVA technology has safely and accurately prepared millions of medication doses globally, with systems sold in the U.S., Canada, Australia, Qatar, Saudi Arabia and elsewhere. RIVA, which is USP<797>-compliant, can process individual or batch doses in an ISO Class 5 environment, and is the only system with true walk-away capability. The system’s ability to handle extended production runs with no staff intervention required enables hospital pharmacies to prepare specific medication doses ahead of orders, while improving safety for patients and staff and reducing costs and waste.



Print Email Post Comment 
(Total Views: 415)
 
Share

 
 
Electronics News
   
Voxofon Named One Of The Fastest Growing Technology Companies In Houston For Second Consecutive Year
Award-Winning DSP Platform Adds IEEE 1722.1 Functionality, Enhanced Reporting Capabilities, Audio-Technica Microphone Software, And Telephony Support
Anchor To extend Its Business Into LED And Solar!
Panasonic Receives The Zayed Future Energy Prize 2015
Budget 2015 May Raise Import Duty On Electronics, Mobiles
 
 
 
     
     
     
     
     
     
Most popular
 

Daily

Graybar Offers Webinar On Future Of Structured Cabling Systems
Switch Comes Out Of Beta, Creating First Business Phone System For Google Apps Available To Enterprises And SMBs
Telecoms, Media And Technology (TMT) Industry Predictions For 2015 From Analysys Mason
snom technology Appoints Olivier Gerling Chief Sales Officer
NewVoiceMedia Delivers Impressive Results For WGBH — Boosting Agent Productivity And Customer Experience
A New Challenge Thrown To Google By CyanogenMod CEO Kirt McMaster!
Tech Mahindra Forms A Joint Venture With Avion Systems
ScanSource Signs Definitive Agreement To Acquire Nerwork1
Google Accused Of Silent Hand-Over Of WikiLeaks Staffers' Data To U.S. Government!
Glowpoint Launches Next Generation Enterprise Video Collaboration Platform Based On ServiceNow IT Service Management
 
   

Weekly

Microsoft Azure Platform Development Is On; Docker Image Available On Ubuntu Server Now!
10 Must-Have Android Widgets!
Dropbox App Finally Debuts On Windows Phones And Tablets!
Top 7 Raspberry Pi Alternatives!
8 New Things To Check-Out In SUSE Linux 12!
Top 5 Arduino And Raspberry Pi Projects You Must Try!
10 Google Products That Failed Big Time!
10 Most-Required Skills For An Engineering Job At Google!
10 Most Disastrous Linux Malware Attacks!
10 Programming Languages That You Must Know
6 Products To Protect Your Digital Privacy!
Top 10 Open Source Mobile Tools For Workplace
Microsoft HoloLens Device To Become A Part Of Mars Explorations!
8 Best Java Tools That Every Java Programmer Must Use
Hybrid Pulls Ahead As Cloud Computing Reaches Maturity, Oracle Research Finds
8 Tips To Improve Cyber Security This Year!
 
   

Overall

Features
10 Budget Smartphones With Maximum Battery Life!
Here is the list of affordable Android smartphones under Rs 10,000/- that promise long lasting battery life....
8 Technologies That Tick-Off Linus Torvalds!
Linus Torvalds hates certain technologies for various reasons. Here are eight such technologies and his public statements about them....
10 Fresh Tools For Web Developers
Web designing is challenging but there are tons of frameworks and tools available to simplify the task of developers. Here is list of ten latest tool...
10 Gadgets That Can Empower Women Around The World!
Low-tech gadgets can make great difference for women in developing countries. Here are ten such gadgets that can make real difference in lives of wome...
5 Ways Big Data Can Affect Your Business!
Business leaders understand the revolutionary force of Big Data but this can be a disruptive threat for all businesses out there....
8 Smartphones That Got Price Cut In India!
Here is the list of top eight high-end smartphones that recently received price cut....
E-Commerce Companies To Hunt For Passive Talent Now!
The hottest segment in the industry is adopting to new strategy to fill job positions....
10 Reasons To Adopt To Remote Working!
Remote work is disrupting concept for the traditional tech industry which follows 9-to-5 grind. Here's why it needs to be changed! ...
Top 5 Tech Deals On This Republic Day Weekend!
All e-commerce sites are running Republic Day sale. Here are top five tech offers from the sale....
Top 10 Data Recovery Tools For Linux
There are many chances that make your system crash and you are not able to recover your precious data again. Here are ten data recovery tools for your...
9 Facebook Features That You May Not Have Heard Of!
Here is the list of nine cool features of Facebook that are not-so-popular....
Top 10 Quad Core Processor Powered Smartphones In India
Here is the list of ten popular Android smartphones that come with quad-core processor....
10 Must-Have Android Widgets!
Here is the list of ten Android widgets that can boost your productivity....
Top 5 Arduino And Raspberry Pi Projects You Must Try!
Open hardware projects let you understand the components that power the computing device. Here is the list of top 5 open hardware projects based on Ar...
6 Products To Protect Your Digital Privacy!
These six tools can help privacy concerned users to leave as little trace as possible while using internet connected technologies....
 
  View All
Dialogue
 
“Elcom Plans To Build A New State Of The Art R&D And Manufacturing Unit In Maharashtra", Reveals MD Girish V Vaze
Starting out as a small business to cater to the industry’s need for import substitutes, Elcom International has grown to be a leader in the field of ...
Delta Magnets Ltd To Enter Into JV With Chinese Company!
The company had partnered with TDK Japan for technology transfer to manufacture magnets in India....
"Littelfuse Is Growing At Around 20-25 Per Cent In India And Expect That To Continue", Predicts VP Deepak Nayar
On the electronics side, Littelfuse has registered an 8-10 per cent growth, year on year....
10 Questions That Google Never Asks While Hiring!
Here is a list of 10 questions that Google just banned from their interviews....
For Enjay, Open Source Technology Is A Way Of Life
An entirely open source-based company, Enjay IT Solutions, has built itself a reputation in the OSS domain....
   
  View All
Videos
 
First Look: LG Optimus G
The phone sports a high-end display and comes powered by a powerful processor. ...
Create QR-Codes For Free
TEC-IT releases the freeware QR-Code Studio to provide a quick and convenient way of QR code creation for every application scenario....
DoT Secretary Shares Plans For Growth Of Telecom Sector
M.F. Farooqui has recently taken charge as secretary, Department of Telecom....
Hands-On: Sony Xperia Z
Xperia Z is Sony's first entrant model in the big-screen smartphone category. ...
Hands On: Videocon A30 Smartphone
Videocon, the consumer electronics company which is known for its refrigerators, washing machine and air-conditioner has unveiled its Android-based sm...
   
View All
   
 
IFA 2014
 
IFA 2014: LG Launches 34-Inches Curved Monitor
The company is yet to confirm price and availability of the device....
IFA 2014: Intel Launches First Core M Range Of Processors
This range of processors is tailor-made for 2-in-1 devices which include a tablet and a laptop....
MWC 2014: Tablet Lets People Feel Textures On Its Screen
Now feel what you see on your tablet, by way of ultrasonic waves....
MWC 2014: 4K Android Tablet Games To Kill Consoles, iPad
Tablet makers like Samsung want to beat the iPad by making 4K tabs. ...
MWC 2014: This Vodafone Backpack Helps Get Network In Disaster Situations
Two engineers of Vodafone New Zealand displayed the "mini" mobile network by Vodafone substructure in a backpack. ...
MWC 2014: Wilocity Chipset To Bring 'Lightening' Speed To Mobile Phones
Wilocity has developed a WiGig chipset for mobile phones that will bring lightning-fast wireless capability ...
MWC 2014: Samsung Introduces Octacore, Hexacore Chipsets
The Korean giant, Samsung unveiled two new octacore and hexacore chipsets at MWC 2014, in Barcelona. The company previously used Exynos 5 Octa 5410 ch...
   
View All
   
 
Events
 
19th Consumer Electronic Imaging Fair To Be Held On ...

View All
   
   
 
 

home archives contact us advertise with us
           
Magazines Portals Directories Events News Verticals Educational Institute  
Electronics for You
Open Source for You
Electronics Bazaar
electronicsforu.com
efytimes.com
opensourceforu.com
electronicsb2b.com
Electronics Annual Guide
EFY EXPO INDIA
EFY EXPO WEST
ELECTRONICS ROCKS
EFY Awards
OSIDAYS Expo
Electronics
Infotech
Linux & Open Source
Consumer Electronics
Science & Technology
BPO
EFY Techcenter

Educational Kits
Kitsnspares.com  
 
 
© Copyright 2015 EFY Enterprises Pvt. Ltd.
All rights reserved. Reproduction in whole or in part in any form or medium without written permission is prohibited.
Usage of the content from the web site is subject to Terms and Conditions