FERNANDINA BEACH, Fla., Sept. 14 /PRNewswire/ -- ZASSI Medical Evolutions, Inc., a privately held company that innovates, develops, and commercializes high technology medical devices announced today that it has successfully sold its award winning ZASSI Bowel Management System Product line to Hollister Incorporated based in Libertyville, IL. Hollister is a global healthcare company engaged in more than ninety countries on six continents.
The ZASSI Bowel Management System was launched in the U.S. in 2003 and was the first product of its kind in the medical device marketplace. It is a catheter-based system designed to effectively and reliably divert, collect and contain potentially harmful and contaminated fecal waste from bedridden or immobilized patients being cared for in all healthcare settings. The system helps to protect patients and caregivers from fecal contamination, providing a level of sanitation and skin and wound protection never before possible. Since 2005 the novel product line has also been successfully introduced in several key international markets including the European Union.
Peter M. von Dyck, the Founder and CEO of ZASSI Medical Evolutions states, "This ZASSI Bowel Management System asset sale to Hollister is very positive on many levels; one of the most important being that this transaction will help ensure this breakthrough medical device technology has a greater opportunity to reach and improve the quality of lives of all the patients and families around the world who could benefit from it. ZASSI Medical Evolutions is proud to have developed this new technology and pioneered this breakthrough concept into the healthcare market and we are equally excited that a leading healthcare firm like Hollister will continue developing the ZASSI Bowel Management System into a critical new standard of patient care."
Alan F. Herbert, president of Hollister Incorporated commented, "At Hollister, our mission is to help make life more rewarding and dignified for people who use our products. We are delighted to be acquiring the ZASSI Bowel Management System, and are most impressed with the ZASSI innovation. The initial market experience has demonstrated the potential for improving patient quality of life and reducing healthcare cost. As a leader in the Ostomy field, and with decades of experience in managing gastrointestinal waste, Hollister is well positioned with our core skills and strong customer relationships to capitalize on a sizeable and growing market need. As a global company, Hollister will work to ensure that the ZASSI Bowel Management System provides maximum value and quality of life to healthcare worldwide."
About ZASSI Medical Evolutions
Founded in 1997, ZASSI Medical Evolutions, Inc. is a privately held organization that designs, develops, manufactures, and commercializes high technology medical devices. The company is headquartered in Fernandina Beach, Florida. For further information about ZASSI Medical Evolutions, Inc. please contact us at 1886 S. 14th Street, Suite 6, Fernandina Beach, Florida, USA or visit the company's website at http://www.zassimedical.com/ or via email at info@zassimedical.com or by calling (888)-258-2544.
About Hollister Incorporated
Hollister Incorporated is an independently owned global company that develops, manufactures, and markets healthcare products, servicing over ninety countries. The company manufactures products for ostomy care, continence care, wound care, skin care, and mother/baby care. Hollister has been serving healthcare professionals and patients for eighty-five years. For additional information, please contact Jerome Saxon at Hollister Incorporated, 2000 Hollister Drive, Libertyville, Illinois 60048 USA, (847)-680-1000. Or visit the company's website at http://www.hollister.com/.
Website: http://www.zassimedical.com/
Website: http://www.hollister.com/