October 2001

Industry Watch

dj Orthopedics Secures Equity Funding
dj Orthopedics, San Diego, an orthopedic device company, has secured $10 million in additional equity from its original shareholder group, led by J.P. Morgan Partners, LLC, to fund a number of the company's growth initiatives. This additional funding will enable the company to rapidly pursue new technologies and product development in the areas of soft tissue repair and regeneration and to more aggressively pursue its global expansion strategies.

Rehab Documentation and SpectraSoft Sign Agreement
The Rehab Documentation Company, LLC, Nashville, Tenn, announced the signing of a comprehensive interfacing and co-marketing agreement with SpectraSoft Inc, Tempe, Ariz. Under the terms of the agreement, physical, occupational, and speech therapists using Rehab Documentation's clinical documentation software will gain instant access to SpectraSoft's AppointmentsPRO™ scheduling software.

Quantum Rehab Partners With National Seating and Mobility
Quantum™ Rehab, Exeter, Pa, a division of Pride Mobility Products Corp, announced that National Seating and Mobility (NSM) will serve as the official US service and support team for the Quantum Jazzy 1400 Power Chair belonging to Stephen Hawking, PhD. Due to the complexity of the electronics and the positioning requirements of Hawking, rehabilitation technology specialists from NSM visited the corporate offices of Quantum Rehab to learn about the power chair's custom features and to review Hawking's clinical evaluation information. Hawking, who has amyotrophic lateral sclerosis (ALS), achieved international fame for providing mathematical support of the Big-Bang theory of the origin of the universe.

Sammas Weinstein Acquires Product Lines
Sammas Weinstein Corp, Riverdale, NY, announced the acquisition of the product lines of Connecticut Bioinstruments, Danbury, Conn. The company is honoring all existing contracts and plans no price increases.

US PT Reports Second Quarter Results
US Physical Therapy Inc, Houston, announced its financial results for the second quarter ended June 30. Net income for the quarter rose 91% to $1,787,000, or $.14 per diluted share. The total net income increase for the first half of 2001 was 105%. Weighted shares outstanding for the quarter and year to date were reduced by the company's repurchase of 1,695,000 shares of its common stock in August 2000. Earnings per share and share amounts have been adjusted for the two-for-one and three-for-two stock splits, both effected in the form of stock dividends. The company further reported a 26% increase in net revenues, with an overall increase of 27% for the first half of 2001.

Smith & Nephew Announces Interim Results
Smith & Nephew, Germantown, Wis announced its interim results for the 6 months ended June 30, 2001. Key points reported include: a strong first half, with underlying sales up 12% and acquisitions adding another 4% to sales, the completion of the company's divestment program, and its joint venture achieving operational status. The company further reported that it plans to base future growth on investment in innovative products.

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