Medical technology company ImpediMed Limited (ASX:IPD) has secured the first commercial heart failure sales for its SOZO® Digital Health Platform. An initial five SOZO® units have been sold to Phoenix Healthcare Network, which operates cardio-pulmonary rehabilitation units within nursing homes and long-term care facilities. SOZO® will be used in the management of heart failure patients. SOZO®’s HF-Dex™ assessment offers real-time information about fluid status that clinicians can use to manage medication levels and prevent readmission. According to Tom Jordan, CEO of Phoenix Healthcare Network, SOZO® will be at the center of patient monitoring.
* The sale of Virgin Australia finally completed on 17 November 2020 and its custody was given to Bain Capital after the most challenging liquidations in Australia’s corporate history. Virgin Australia is no longer a public listed company. Virgin Australia’s new CEO stated that Virgin Australia would position itself as a mid-market airline and would compete with its rival Qantas after rebuilding itself from its scratch during a seven-month insolvency restructuring.
* Victorians have been pledged the biggest household energy efficiency drive in Australia. With the Andrews government promising A$797 million to programs, it stated that it would cut power bills and greenhouse gas emissions.