Wednesday, May 14, 2014

Selling MedHab to Greeks

Gnomes reported:

MedHab, LLC., a privately held athletic and medical device company focused on the development of unique rehabilitative and sport-enhancing tools, announced today that Johnny Ross, President and Chief Executive Officer of MedHab and inventor of RPM2, will be presenting and delivering a product demonstration during the 7th International Conference on PErvasive Technologies Related to Assistive Environments (PETRA) on May 27 – 30, 2014, at the Hotel Aldemar Paradise Mare in Rhodes Island, Greece.

The presentation, titled, “Development of a Smart Insole Tracking System for Physical Therapy and Athletes,” will discuss MedHab’s remote technology, found in the company’s RPM2 and StepRite devices, and how it assists healthcare professionals efficiently develop personalized physical therapy programs for their patients.  

Following the presentation, Mr. Ross will provide a product demonstration of the smart insole tracking system.
MedHab is the reason San Angelo's City Council loosened its economic development funding criteria.  Council did so to enable Mayor Alvin New's remaining a MedHab investor, serving on the company's Board of Directors and staying Mayor while MedHab got a $3.6 million incentive from the City of San Angelo.  Fortunately, Council reversed this loophole in the last year.

MedHab is in the midst of its fourth capital raise.  Will Ross inspire any European investor interest?  I believe that to be highly likely.

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