Deltex Medical (LON:DEMG) - Saving over $5,000 per US patient
Jan 24th 2013 - Edison Investment Research today published a report on Deltex Medical (DEMG.L, LSE:DEMG, LON:DEMG) entitled "Saving Over $5,000 Per US Patient". In summary, the report says:
Premier study data on enhanced recovery using CardioQ showed a saving of over $5,000 per patient from substantial falls in mean stay time and intensive care use. Readmissions reduced by over 50% during the 90 days after surgery. This data enables a five hospital implementation study which Deltex will part-fund at a net cost of £2.5m. Once this reports in H115, it will give a springboard for US growth; up to 335 large hospitals may adopt the package. In the UK the new NHS target is for 80,000 annualised uses from April 2014; if achieved, this implies steady 2013 growth and a doubling in sales in 2015. Sales in 2012 were £6.8m, up 8%, cash was £0.7m.
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