Category: news

PEABODY, Mass. and NEW YORK — June 22, 2018 – Analogic Corporation (NASDAQ: ALOG) (“the Company” or “Analogic”), a provider of leading-edge healthcare and security solutions, and Altaris Capital Partners, LLC, a leading private investment firm with expertise in Analogic’s end markets, today announced the completion of Analogic’s acquisition by funds affiliated with Altaris Capital Partners, LLC (together with certain affiliated entities, “Altaris”) for $84.00 per share in cash, or approximately $1.1 billion on a fully diluted basis. The transaction was announced on April 10, 2018 and received approval from stockholders on June 21, 2018. As a result of the transaction, Analogic is now a privately held company and its stock will no longer be traded on the NASDAQ.
“We are pleased to announce the successful conclusion of our previously announced transaction with Altaris,” said Bernard Bailey, outgoing chairman of the Analogic Board of Directors. “Analogic has a renowned history of developing solutions to help improve the practice of medicine and save lives, and our team around the world is committed to furthering this important work. With Altaris’s support, Analogic is well positioned to continue to address the evolving needs of the markets we serve.”
“We are delighted to complete our investment in Analogic and would like to thank all those involved in the transaction for their hard work and professionalism,” said George Aitken-Davies, co-founder and managing director of Altaris. “We are excited about the opportunities that lie ahead for Analogic as the company redoubles its efforts to drive continued technological innovation and outstanding service for its customers.”
Citigroup Global Markets Inc. served as financial advisor to Analogic, and Wilmer Cutler Pickering Hale and Dorr LLP served as legal counsel to Analogic. Schiff Hardin LLP served as legal counsel to Altaris.
About Analogic
Analogic provides leading-edge healthcare and security technology solutions to advance the practice of medicine and save lives. Analogic is recognized around the world for advanced imaging and real-time guidance technologies used for disease diagnosis and treatment as well as for automated threat detection. Analogic’s market-leading ultrasound systems, led by its flagship BK Ultrasound brand, used in procedure-driven markets such as urology, surgery, and point-of-care, are sold to clinical practitioners around the world. Analogic’s advanced imaging technologies are also used in computed tomography (CT), magnetic resonance imaging (MRI), and digital mammography systems, as well as automated threat detection systems for aviation security. Analogic is headquartered just north of Boston, Massachusetts. For more information, visit www.analogic.com.
Analogic and the globe logo are registered trademarks of Analogic Corporation.

NASHVILLE, Tenn.—(BUSINESS WIRE)—Clearwater Compliance, LLC, a top-ranked healthcare cyber risk management solutions company, today announced that it has entered into a new three-year agreement to provide its Cyber Risk Services™ (CRS) to OhioHealth, a nationally recognized, not-for-profit, charitable, healthcare outreach of the United Methodist Church. OhioHealth has been successfully using Clearwater’s IRM|Pro™ cyber risk management software and professional services since 2016, leading to its decision to expand the partnership.
OhioHealth is a family of 29,000 associates, physicians and volunteers, and a network of 10 hospitals, 200+ ambulatory sites, hospice, home health, medical equipment and other health services spanning 47 Ohio counties whose vision is to be the place where patients want to go when they need healthcare services.
Clearwater Cyber Risk Services™ is a full-service cyber risk management program that materially enhances healthcare providers’ capabilities and resources in safeguarding its critical information systems and protected health information. Leveraging Clearwater’s IRM|Pro™ platform, Clearwater CRS enables organizations to strategically, efficiently, and quickly assess, respond to, and monitor cybersecurity risks. Through Clearwater’s proven methodology, healthcare providers of any size can achieve compliance, safeguard patient information, reduce risk to patient safety, and ultimately gain a competitive advantage.
“We are honored to earn OhioHealth’s trust and confidence,” said Barry Mathis, Clearwater’s Chief Business Development Officer. “As cyber threats continue to increase in both frequency and complexity, healthcare organizations are transitioning from manual solutions to our IRM|Pro™ platform and Cyber Risk Services. OhioHealth is a progressive hospital system that realizes that patients today are concerned with breaches in healthcare, and that they have a choice in service. OhioHealth is demonstrating its commitment to its patients by maturing its cyber risk program through Clearwater’s Cyber Risk Services.”
Clearwater enables healthcare providers to achieve compliance and implement a NIST-based cyber risk management program through its unique SaaS-based enterprise cyber risk management system (eCRMS), IRM|Pro™ software and expert professional services. Clearwater’s solutions are exclusively endorsed by the American Hospital Association and multiple state hospital associations. The company has a proven track record in helping hospitals and health systems of all sizes — including over 40 of the top Integrated Delivery Networks in the country — combat today’s evolving cyber risks.
About Clearwater Compliance
Clearwater provides the most complete and trusted, enterprise-class cyber risk management solution available. Designed for healthcare providers and their partners, Clearwater’s IRM|Pro™ platform and experienced professional services team provide insights and actions to address compliance, cyber and patient safety risks. Clearwater is a 2017 Inc. 5000 fastest-growing company, the 2018 Best in KLAS winner in Cybersecurity Advisory Services and exclusively endorsed by the American Hospital Association as well as numerous state hospital associations. Clearwater solutions have been deployed within hundreds of hospitals and health systems, Fortune 100 organizations and federal government institutions. More information about Clearwater Compliance is at www.Clearwatercompliance.com.
About OhioHealth
OhioHealth is a nationally recognized, not-for-profit, charitable, healthcare outreach of the United Methodist Church.
Based in Columbus, Ohio, OhioHealth has been recognized as one of the top five large health systems in America by Truven Health Analytics, an honor it has received six times. It is also recognized by FORTUNE as one of the “100 Best Companies to Work For” and has been for 12 years in a row, 2007-2018.
Serving its communities since 1891, it is a family of 29,000 associates, physicians and volunteers, and a network of 10 hospitals, 200+ ambulatory sites, hospice, home-health, medical equipment and other health services spanning a 47-county area.
OhioHealth hospitals include OhioHealth Riverside Methodist Hospital, OhioHealth Grant Medical Center, OhioHealth Doctors Hospital, OhioHealth Grady Memorial Hospital, OhioHealth Dublin Methodist Hospital, OhioHealth Hardin Memorial Hospital, OhioHealth Marion General Hospital, OhioHealth O’Bleness Hospital, OhioHealth Mansfield Hospital, and OhioHealth Shelby Hospital. For more information, please visit our website at www.ohiohealth.com.
Contacts
Clearwater Compliance
Kelly Motley, 615-483-0365
Kelly.Motley@clearwatercompliance.com

Air France KLM Martinair Cargo (AFKLMP) has joined hands with CSafe Global to launch their brand new CSafe RAP container. As the most robust operational container, this new electrical container will allow Air France KLM Martinair Cargo to offer state-of-the-art service to their customers in the pharmaceutical industry.
Fabrice Panza, AFKLMP’s Head of Product and Development Pharma Logistics, says, “With its unmatched capabilities at extreme ambient temperature and its improved battery, this new RAP container will enable us to offer even more reliable solutions on extra-long-range shipments with best-in-class system performance maintaining crucial payloads at precise temperature settings.”
“We are excited to partner with CSafe Global in launching this innovative product, reaffirming our commitment to offering customers the very latest technology to ensure the quality of the products and services we offer.”
Sebastien Berrous, CSafe Global Strategic Sales Director and Key Account Director for AFKLMP, explains, “The industry has identified lanes where efficiencies can be achieved by utilizing RAPs versus multiple RKNs. The CSafe RAP offers the expanded cargo capacity (up to 5 Euro pallets or 4 US pallets) needed to accommodate larger cold-chain shipments.”

Senior Helpers has hired Chuck Sullivan to fill its Chief Marketing Officer position. As Chief Marketing Officer, Sullivan will lead Senior Helpers’ growth efforts by focusing on the company’s branding, while also driving innovation in terms of client experience and ensuring strong financial results.
Prior to joining Senior Helpers, Sullivan served as executive vice president and chief marketing officer for K12, Inc., a technology-based provider of online education. He also previously served as senior vice president for global online services at Hilton Worldwide.
About Senior Helpers
Senior Helpers is a premier in-home senior care provider in the U.S. with over 311 franchised businesses operating across the globe. Founded in 2001 with a vision to help seniors who wish to remain in their homes despite age-related illnesses and mobility challenges, Senior Helpers has now cared for tens of thousands of seniors with a pledge to provide “care and comfort at a moment’s notice.” Senior Helpers offers a wide range of personal care and companion services, including trained Alzheimer’s, dementia and Parkinson’s care, to assist seniors who wish to live independently. Learn more by visiting www.seniorhelpers.com.

NASHVILLE, Tenn.—(BUSINESS WIRE)—Clearwater Compliance, a top-ranked, award-winning provider of healthcare cyber risk management solutions, announced Monday that Steve Cagle has been appointed chief executive officer and Baxter Lee has been named chief financial officer. Bob Chaput, founder of Clearwater, will become Executive Chairman, where he will continue to guide the direction of the company. Current CFO, Mary Chaput, will transition into an advisory role and will continue to serve as a director on Clearwater’s Board.
“From day one, my intent has been to create a company uniquely equipped to drive positive change across the healthcare industry,” said Clearwater founder Bob Chaput. “We are extremely excited to welcome Steve and Baxter as our next CEO and CFO, respectively. We are confident that Steve Cagle will continue to build on Clearwater’s market leadership, serving hospitals and health systems with innovative cyber risk management solutions. Steve joins Clearwater with a track record for building value at healthcare and technology companies and driving operational excellence.”
“Bob’s extraordinary vision and leadership has guided Clearwater to be one of the most innovative companies in healthcare cybersecurity,” said Cagle. “In his role as Chairman of the Board, Bob will continue to serve Clearwater with his unique insights and thought leadership. I cannot imagine a more exciting and important time to join Clearwater. I look forward to scaling the business for rapid growth, accelerating the development of the award-winning IRM|Pro™ SaaS platform, and expanding our solutions and services to meet customers’ needs and exceed their expectations.”
Cagle has extensive experience leading, innovating and scaling healthcare and technology businesses, including having guided a number of companies through critical transformation periods. He has steered the strategic positioning of multiple companies in fast-changing environments, built world-class capabilities, and created organizations that allowed for full implementation of their strategies.
Cagle, 41, previously served as CEO of Moberg Pharma North America and CEO of Alterna. In addition, Cagle was a founding team member of Sparta Systems, a leading provider of enterprise quality management software used by the pharmaceutical and medical device industries to enforce regulatory compliance and manufacturing best practices. Cagle serves as Chairman of the Board of CMP Pharma.
“Mary Chaput was Clearwater’s first CFO and leaves behind an incredible legacy at Clearwater,” said Cagle. “She is one of the country’s foremost experts on compliance with HIPAA privacy, security and breach notification regulations. Mary was instrumental as editor-in-chief in finalizing a milestone PHI project report that brought together 100 experts in healthcare. She has been instrumental in growing Clearwater from a four-person company to an industry leader that today works with 50 of the top Integrated Delivery Networks in the country and has a comprehensive portfolio of state hospital association endorsements that includes more than a thousand hospitals. We’re very grateful to Mary for her valuable contributions.”
Lee, 38, is an established healthcare and technology executive who has held various positions across banking, private equity, and mergers and acquisitions. He has expertise in both operational transformation and business strategy. He will be based in Nashville.
“We’re also excited to welcome Baxter Lee to Clearwater as our new CFO,” Chaput continued. “Baxter brings the right financial and operational talents, knowledge of the technology and healthcare industries and experience in scaling high-growth companies to the role as we continue to strengthen our focus on our next phase of growth. Both Steve and Baxter have a strong alignment around Clearwater’s core values, customer service and quality standards.”
“I’m excited to join the Clearwater team and look forward to continuing the company’s strong discipline around costs and focus on driving growth,” said Lee. He joins Clearwater from Entrada, a software company that automates clinical documentation for healthcare providers, where he served as chief financial officer since 2015 and helped successfully lead Entrada through its acquisition by NextGen Healthcare. Previously, he served as vice president of finance and strategy and director of corporate development with Emdeon, a leading provider of revenue and payment cycle management and IT solutions for the healthcare industry. Lee graduated with honors from the Executive MBA program at the Owen Graduate School of Management at Vanderbilt.
Lee will be responsible for leading Clearwater’s finance organization, including budgeting, business planning, tax, accounting and reporting.
About Clearwater Compliance, LLC
Clearwater provides the most complete and trusted, enterprise-class cyber risk management solution available. Designed for healthcare providers and their partners, Clearwater’s IRM|Pro™ platform and experienced professional services team provide insights and actions to address compliance, cyber and patient safety risks. Clearwater is a 2017 Inc. 5000 fastest-growing company, the 2018 Best in KLAS winner in Cybersecurity Advisory Services and exclusively endorsed by the American Hospital Association as well as numerous state hospital associations. Clearwater solutions have been deployed within hundreds of hospitals and health systems, Fortune 100 organizations and federal government institutions. More information about Clearwater Compliance is at www.Clearwatercompliance.com.
Contacts
Clearwater Compliance
Kelly Motley, 615-483-0365
Kelly.Motley@clearwatercompliance.com

Minnetronix, Inc., a leading medical technology company, today announced the appointment of Elissa Lindsoe as Chief Financial Officer (CFO). A seasoned financial leader, Lindsoe brings more than 25 years of experience and a proven track record of successful financial management and direction to the company.
Prior to joining Minnetronix, Lindsoe served as CFO of MOCON, a Minnesota based global manufacturing company, where she was a key contributor to the successful sale of the organization to AMETEK. Following the acquisition, Lindsoe served as an independent consultant supporting MOCON’s transition into AMETEK. Her experience also includes CFO roles for private and publicly traded companies including Galil Medical, Urologix and Identix. Lindsoe holds a Bachelor of Accounting degree from the University of Minnesota-Duluth.
“We look forward to welcoming Elissa to the Minnetronix team at such an important and dynamic time in our company’s history. She is a proven and accomplished leader who will play an instrumental role in providing financial vision, strategy and leadership as we expand and grow our position in the market,” said Jeremy Maniak, President of Minnetronix.
“Minnetronix is a unique company with an equally unique opportunity to accelerate its impact on the medical device market. I am looking forward to being part of a company with such a bright future and a compelling mission.” Lindsoe said.
About Minnetronix
Minnetronix is a medical technology and innovation company with deep expertise in electronic and electromechanical devices. Founded in 1996, the company creates new technologies and therapies that solve unmet clinical and business needs for patients and medical device companies. Minnetronix is FDA Registered and ISO 13485 Certified. www.minnetronix.com.

NASHVILLE, Tenn.—(BUSINESS WIRE)—Clearwater Compliance, a top-ranked, award-winning healthcare cyber risk assessment and cyber management solutions platform, today announced that Jon Moore will serve as the company’s Chief Risk Officer and Richard Staynings has been named Chief Security and Trust Officer.
“Heightened awareness around cybersecurity does not always translate into effective action, and hospital leaders need to approach today’s challenge with strategic urgency,” said Bob Chaput, CEO of Clearwater. “The industry’s approach to managing cyber risk continues to be reactive, tactical and siloed. We are very pleased to welcome Jon and Richard to Clearwater as our new officers to assist in addressing this industry need for a more strategic, business-oriented and architectural approach. With their deep leadership experience assisting health system and hospital leaders improve their security posture and strategic approach, both Jon and Richard bring highly relevant skills and qualifications to create strategic focus around cybersecurity and risk management. We look forward to their contributions to our fast-growing company.”
Chief Risk Officer
Moore is an experienced professional with a background in privacy and security law, technology and healthcare. During an eight-year tenure with PricewaterhouseCoopers (PwC), Moore served in multiple roles. He was a leader of the Federal Healthcare Practice, Federal Practice IT Operational Leader, and a member of the Federal Practice’s Operational Leadership Team. Among the major federal clients supported by Moore and his engagements are the National Institute of Standards and Technology (NIST), National Institutes of Health (NIH), Indian Health Service (IHS), Department of Health and Human Services (HHS), U.S. Nuclear Regulatory Commission (NRC), Environmental Protection Agency (EPA), and Administration for Children and Families (ACF).
Moore holds a BA in Economics from Haverford College, a law degree from Penn State University’s Dickinson Law, and an MS in Electronic Commerce from Carnegie Mellon’s School of Computer Science and Tepper School of Business.
In his new position, Moore will serve and assist healthcare CEO and CIO clients on strategic matters related to understanding, identifying and proactively managing cyber risk.
Chief Security and Trust Officer
Staynings is an accomplished business leader working with many of the world’s most successful companies including PwC, Amgen, Cisco, Microsoft, Intel and Symantec. Leading cybersecurity for Healthcare Life Sciences at Cisco, Staynings helped establish the company as a global leader in healthcare security and privacy. With more than 25 years experience in cybersecurity leadership, Staynings’ has advised or assisted healthcare clients across the world including Adventist Health System, CHOP, Children’s National Health System, and Intermountain Healthcare. Staynings currently serves on HIMSS’s Privacy and Security committee. Known for his expertise and ability to dissect complex cybersecurity topics, Staynings is a sought-after speaker and commentator on strategic cybersecurity planning, IoT and biomedical device security, ransomware, and data privacy.
Staynings is a graduate from Harvard University’s Kennedy School of Government.
In his position, Staynings will help clients build a strategic vision toward improved security and provide input and advice in regard to major cyber challenges that CEOs and CIOs face in the healthcare environment.
About Clearwater Compliance, LLC
Clearwater is a top-ranked, award-winning healthcare cyber risk management and regulatory compliance company. As the leading strategic partner to hospitals and health systems, its mission is to assist in successfully managing healthcare’s evolving cybersecurity risks, compliance requirements and, ultimately, to ensure patient safety. A 2017 Inc. 5000 fastest-growing company, the 2018 Best in KLAS winner in Cybersecurity Advisory Services, exclusively endorsed by the American Hospital Association as well as numerous state hospital associations, Clearwater solutions have been deployed within hundreds of hospitals and health systems, Fortune 100 organizations and federal government institutions. More information about Clearwater Compliance is at www.Clearwatercompliance.com.
Contacts
Clearwater Compliance
Kelly Motley, 615-483-0365
Kelly.Motley@clearwatercompliance.com

CSafe Global, a leading provider of active and passive temperature-controlled solutions, is pleased to announce that AirBridgeCargo Airlines, one of the industry’s leaders in the transportation of pharmaceutical products by air, has approved the recently launched CSafe RAP for in-flight use on its Boeing 747 freighter fleet.
Dayton, OH, April 26, 2018
The CSafe RAP is the latest innovation in a full line of temperature control solutions, offering unmatched operational capabilities with the industry’s largest RAP payload capacity to ensure successful large-volume shipments of temperature-sensitive materials around the world.
“AirBridgeCargo have long been experts when it comes to transporting temperature-sensitive healthcare products globally,” said Mark Mohr, Sr. Director Partner Management for CSafe Global. “ABC’s CEIV accreditation further demonstrates their commitment to providing our mutual life-science customers with precision cold-chain services that have been validated to exceptionally high standards.”
“The CSafe RAP will be an excellent addition to the line of temperature-managed containers we use for transport of life-science products through ABC’s pharma program. With growing volumes of pharmaceutical products shipped internationally, temperature-controlled containers for larger cargo payloads are just what we need. This gives us the ability to continue to deliver best-in-class services to our customers worldwide by meeting their expectations in terms of volume, cargo integrity and safety, and seamless transportation. Partnering with CSafe Global, a company that shares the same customer-centric values and business attitudes as we do, provides ABC with confidence in the preservation and integrity of our shipments, every single time,” highlighted Fedor Novikov, Global Director, Pharma for AirBridgeCargo Airlines.
Developed and designed with performance in mind, the new CSafe RAP utilizes innovative heating and compressor-driven cooling technologies together with advanced ThermoCor VIP insulation to eliminate the risks to payloads associated with extreme ambient temperature conditions and long-duration shipments. The CSafe RAP active container system leverages the proven performance and capabilities of the well-established CSafe RKN to remove the operational and environmental challenges encountered with global temperature-controlled shipments. The CSafe RAP delivers on a quality promise, ensuring the temperature integrity and safe delivery of temperature-sensitive, life-enhancing products for life-science companies worldwide.

NASHVILLE, Tenn.—(BUSINESS WIRE)—Clearwater Compliance, a top-ranked, award-winning healthcare cyber risk management solutions platform provider, has announced it is now offering technical testing services to help healthcare providers and their partners improve the effectiveness and efficacy of their controls and meet HIPAA Security Rule technical evaluation requirements at 45 CFR §164.308(a)(8). Clearwater’s newest service and methodologies are based on guidance from the Office for Civil Rights (OCR), and the National Institute for Standards and Technology (NIST) and other industry standards for vulnerability scans, penetration tests, social engineering testing and web application testing. The new service focuses on helping organizations identify and remediate critical vulnerabilities and meet compliance requirements.
Clearwater Compliance is introducing Technical Testing Services: cutting-edge tools, comprehensive manual testing, and unparalleled, real-world technology experience to help customers perform vulnerability assessments and technical testing.
With Clearwater’s Technical Testing Services, healthcare organizations can perform a battery of evaluations including:

• Internal and External Vulnerability Assessment and Penetration Testing
• Internal and External Vulnerability Assessment
• Wireless LAN Security Validation
• Web Application Testing
• Network Architecture Assessment
• Security Awareness Assessment

Clearwater’s experienced security experts will lead an engagement that will help a client through

• Scoping and Discovery
• Assessments
• Risk Determination
• Reporting, Guidance, and Remediation

“Every day, healthcare organizations are seeing more and more attempts at hacking into their systems,” said Bob Chaput, CEO of Clearwater Compliance. “One of our large, national healthcare customers recently told us that in the course of 24 hours, they had blocked more than 36 million unauthorized network access attempts, and it only takes one successful attempt to cause havoc. Technical Testing Services is a natural addition to our portfolio of SaaS-based software and professional services, and adds an important product in our growing suite of cybersecurity services.”
All of Clearwater’s software and solutions are exclusively endorsed by the American Hospital Association. The company has a proven track record for helping hospitals and health systems of all sizes—including over 40 of the top Integrated Delivery Networks in the country—with today’s evolving risks. Clearwater’s comprehensive portfolio of state hospital association endorsements includes thousands of hospitals. Clearwater offers both cybersecurity software as well as professional services, helping its clients not only defend against current cyber threats but also helping them build self-sufficiency to defend against future threats.
About Clearwater Compliance, LLC
Clearwater Compliance, LLC is a top-ranked, award-winning healthcare cyber risk management and regulatory compliance company. As the leading strategic partner to hospitals and health systems, its mission is to assist in successfully managing healthcare’s evolving cybersecurity risks, compliance requirements and, ultimately, ensure patient safety. A 2017 Inc. 5000 fastest-growing company, the 2018 Best in KLAS winner in Cybersecurity Advisory Services, exclusively endorsed by the American Hospital Association as well as numerous state hospital associations, Clearwater solutions have been deployed within hundreds of hospitals and health systems, Fortune 100 organizations and federal government institutions. More information about Clearwater Compliance is at www.Clearwatercompliance.com.
Contacts
Clearwater Compliance, LLC
Kelly Motley, 615-483-0365
Kelly.Motley@clearwatercompliance.com

NASHVILLE, Tenn.—(BUSINESS WIRE)—Join hospital cybersecurity expert and Chief Executive Officer of Clearwater Compliance, Bob Chaput, as the keynote speaker at the first annual Texas Health Security and Technology Conference to be held April 19-20 in Austin, Texas. Chaput will address critical steps hospital leaders can take to head off new, emerging enterprise risks and help hospital leaders transform their cybersecurity and risk management strategies.
About Clearwater Compliance
Clearwater Compliance, LLC is a leading provider of hospital and health system compliance and cyber risk management solutions. Its mission is to empower hospitals and health systems to successfully manage healthcare’s evolving cybersecurity risks and ensure patient safety. Exclusively endorsed by the American Hospital Association, Clearwater solutions have been deployed within hundreds of hospitals and health systems, Fortune 100 organizations and federal government institutions. More information about Clearwater Compliance is at www.clearwatercompliance.com.
Contacts
Clearwater Compliance, LLC
Kelly Motley, 615-483-0365
Kelly.Motley@clearwatercompliance.com