Encore (ENMC) von UBS Warburg als Kauf mit KZ 6 $ eingestuft - 500 Beiträge pro Seite

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10:56am 05/14/02

Encore Medical gets boost from UBS initiation (ENMC)
By Michael Baron

Encore Medical (ENMC) is jumping 54 cents, or 16.8 percent, to $3.75, after UBS Warburg initiated coverage of the Austin, Texas, provider of orthopedic joint, trauma, and spinal implants with a "buy" rating with a $6 price target. The firm believes Encore has "laid the groundwork required to become a strong, profitable, mid-tier orthopedic company."


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Encore Medical Signs Agreement With Allegiance Healthcare Corporation For Orthopedic Soft Goods

5/23/2002 8:00:00 AM
AUSTIN, Texas, May 23, 2002 /PRNewswire-FirstCall via COMTEX/ -- Encore Medical Corporation (ENMC) announced today that its OSG Division has signed a two-year agreement with Allegiance Healthcare Corporation to distribute Encore`s line of orthopedic soft goods products through Allegiance`s Best Value Products(TM) program.

The Allegiance Best Value Products(TM) program provides a select offering of products that Allegiance distributes or manufactures. These products must undergo a thorough evaluation to ensure that they meet strict criteria for excellence in the areas of performance, economics and service. The Best Value Products(TM) program provides products across the continuum of care -- from hospitals and surgery centers to physician offices, extended care facilities and home healthcare providers. Allegiance partners with suppliers who share its commitment to excellence and with suppliers who have the knowledge and expertise to provide Allegiance`s customers with the quality products, superior service and innovative solutions they deserve.

Jack Cahill, President, Surgical Division for Encore, stated, "We are extremely delighted to be affiliated with Allegiance and its Best Value Products(TM) program. Allegiance is one of the leading distributors of medical products in the country and to be recognized by them as a company that can produce and sell high quality, cost effective products in the orthopedic medical device marketplace is a huge vote of confidence for our organization. This positions Encore strongly in the orthopedic soft goods marketplace -- an area we just entered in July 2001 with our acquisition of the orthopedic soft goods, patient safety devices and pressure care products from Kimberly-Clark Corporation."

Allegiance Healthcare (www.allegiance.net ) is a subsidiary of Cardinal Health, Inc. (CAH) and a leading provider of health-care products and cost-management services needed by hospitals, laboratories and others in health care. Based in McGaw Park, Illinois, the company manufactures many of the products it markets and distributes, while others come from health and medical companies around the world. Based in Dublin, Ohio, Cardinal Health (http://www.cardinal.com ) is a leading provider of products and services supporting the health-care industry. The company employs more than 49,000 people on five continents and produces annual revenues of more than $40 billion.

The OSG Division handles Encore`s line of orthopedic soft goods, patient safety devices and pressure care products. The products include the Kallassy(R) Ankle Support, the Sports Supports(R) product line of braces and supports, the Rebound(R) line of consumer orthopedics products, the Secure-All(R) brand of patient safety devices, and the Turtle Neck(R) and 911 First Response(R) safety collars.

Encore Medical Corporation, based in Austin, Texas, designs, manufactures and markets orthopedic total joint, trauma and spinal implants around the world. It also offers a complete line of orthopedic soft goods, patient safety devices, and pressure care products. It recently acquired Chattanooga Group, Inc., the leading manufacturer and distributor of orthopedic rehabilitation equipment in the United States. Both Encore and Chattanooga are known for producing high quality, innovative products and continuing to develop new products to meet the needs of the orthopedic community. For more information, visit www.encoremed.com.