Shake up in MEMS

Anyone hearing about a big shake up in MEMS and service?

 

I heard A2 programs are changing. Who knows. Same stuff diff day.

 

In a Form 8-K, Hill-Rom (NYSE: HRC) disclosed it received an FDA warning letter on March 6th related to an inspection of the company's Batesville, Indiana production plants.

At the close of the inspection, the FDA issued a Form 483 identifying certain observed instances of non-compliance with FDA regulations.

Since the date of the inspection, Hill-Rom has responded to the FDA’s Form 483, and has corrected a number of the observations made by the FDA. However, on March 6, 2012, Hill-Rom received the warning letter, which reiterated the issues raised in the Form 483. The FDA also identified certain instances of non-compliance with FDA requirements regarding the advertising and promotion of certain Hill-Rom products. The warning letter does not restrict Hill-Rom’s ability to manufacture or seek 510(K) clearance of products, nor does it require the withdrawal of any product from the marketplace.

The Company takes these matters seriously and intends to respond fully to the FDA’s requests. Hill-Rom has provided detailed responses to the FDA as to its corrective actions on a regular basis, and will continue to work expeditiously to address all of the issues that the FDA identified. The Company believes that these matters will not have a material impact on the Company’s financial results. However, the Company cannot give any assurances that the FDA will be satisfied with its response to the warning letter or as to the expected date of the resolution of the matters included in the warning letter.

 

I heard they have finally found a buyer for the MEMS business, which means when it is gone so is 1/3 of the service team.

 

what is the mems business exactly?

 

Medical Equipment Management Services, the business acquired from Mediq.

 

Even corporate Hill-Rom has better math than that. 1/3?? What are you snorting. They are 7 to 8% of our rental business at best. How do you find 33% in there?

 

You are talking about 7 to 8% of revenue!

Why don't you track percentage of activities related to MEMS and then see what the number is numnuts. nana...nana...nana...nana...heyhey.....goodbye

 

You have no clue what your talking about. Since your obviously not field based I will not go into things that confuse you. Probably an analyst. Hopefully, when JG and MA filter through the BS up there, you will follow the MEMS group out the door.

 

How's that working out for you? MA must have tired of filtering!!

 

So what's the deal with mems is his division being sold?

To me it always seemed like the red headed step child. I hated working for this division for that reason. Glad I left the company

 

The deal will be announced mid-July with the intention of closing by end of fiscal year.

 

AE's in Acute Care are going to absorb the roles. MEMs not being sold, being done away with.....................

 

I doubt that, if so you will hear the crybaby A/E's for miles.

 

True....LOL......

 

Hey, I'm an AE...We work very hard....Why the beef??