CardioNet, Inc. (CardioNet), provides continuous, real-time ambulatory outpatient management solutions for monitoring relevant and timely clinical information regarding an individual's health. The Company has developed an integrated patient monitoring platform that incorporates a wireless data transmission network, internally developed software, the United States Food and Drug Administration (FDA)-cleared algorithms and medical devices, and an around-the-clock digital monitoring service center. Its initial efforts are focused on the diagnosis and monitoring of cardiac arrhythmias, or heart rhythm disorders, through its core Mobile Cardiac Outpatient Telemetry (MCOT), event and Holter services.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Cardionet Inc.'s revenues increased 35% to $74M. Net income applicable to common totaled $843K vs. a loss of $1.3M. Revenues reflect increased income from net patient services. Net income reflects an increased gross profit margins, a decrease in interest expenses and lower integration, restructuring and other charges as a percentage of revenues.
Company Address
CardioNet, Inc.
227 Washington Street #300 Conshohocken PA 19428
P: +1610.7297000 F: +1610.8288048