Provent Files for Bankrupty, Product Remains Available While Awaiting Acquisition

As an update to a prior blog on the availability of the Provent medical device, I had a chance to speak with Matt Williams who serves as the director of national sales for Ventus Medical, Inc. based in San Jose, California. As previously reported, the company has initiated a bankruptcy process. Fortunately, they remain in operation while awaiting acquisition of their assets by another company. It is anticipated that the assets will be bought out and that business will continue with the Provent product, according to Mr. Williams. For patients who currently use or who have an interest in using the Provent medical device, it remains available during this transition. There is sufficient inventory to meet the needs of suppliers for up to 1 year. The prescriber network has been notified that access to the product continues uninterrupted. It is anticipated that this business transition will occur over the next 2-3 weeks as corporate trustees review the offers. The good news is that for those who use Provent to treat sleep apnea, the product remains on the market and will be available for the foreseeable future. Further updates will be provided as warranted during this period. Follow me on Twitter or Facebook to receive notice of all the latest updates to this site.Provent Files for Bankrupty, Product Remains Available While Awaiting Acquisition originally appeared on About.com Sleep Disorders on Monday, March 25th, 2013 at 16:54:31.Permalink | Comment | Email this
Source: About Sleep Disorders - Category: Sleep Medicine Source Type: news