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As the average age of the population rises, healthcare needs are
expected to increase exponentially. Technological
advances in surgical procedures and advances in drug and gene
therapy continue to promote the trend to replace invasive
surgical procedures with less invasive, more cost-effective
alternatives. The era of managed healthcare provides
additional pressure to reduce medical costs. Trimedyne
continues to invest heavily in the development of new,
minimally-invasive, cost-effective surgical procedures.
The
Company is actively developing new products to deal with
age-related illnesses and medical conditions that impact the
lives of millions. We are working on products for the
treatment of menorrhagia (excessive uterine bleeding), female
stress incontinence, benign prostate hyperplasia (BPH or
enlarged prostate), GERD (or esophagus reflux disorder), and
recurrent ear infections.
In
2000, we acquired Mobile Surgical Technologies, Inc. (MST),
which rents lasers and provides trained operators on a "fee
per case" basis to hospitals and surgery centers in the
Southwest. In 2001 we entered into a Letter of Intent to
acquire a similar "fee per case" rental company in the
Southeast, and we plan to expand into the West, Northeast and
Midwest through joint ventures or acquiring others.
In
addition to developing new products, we are focusing on
increasing the number of procedures being performed with
our present devices. As we develop
new procedures, we will facilitate physician access to Trimedyne
products and services by renting lasers, along with a trained
operator, on a "fee per case" basis. This gives
physicians and their hospitals an opportunity to see the results
of the new procedure, the reimbursement and the patient volume,
before buying or leasing the laser.
We
are optimistic about the future of Trimedyne. We believe that
the procedures we develop improve the quality of life while
reducing medical costs. We are committed to seeing that
effort translate into increased revenues and expanding market
share.
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