ReliantHeart Inc
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ReliantHeart Inc
ReliantHeart, Inc. is a Privately held company, privately held American company headquartered in Houston, Texas that designs, manufactures, and provides remote monitoring capabilities for its Ventricular assist device, left ventricular assist devices (LVAD, or VAD) which are used to assist circulation for failing hearts. History The original VAD was developed by David Saucier, a heart transplant patient who worked at NASA, and surgeon Michael E. DeBakey, Michael DeBakey. Dallas W. Anderson, who founded MicroMed Technology, MicroMed Technology Inc. in 1995, was granted exclusive rights to the NASA/DeBakey VAD in 1996. MicroMed Cardiovascular, Inc. filed for Chapter 11 bankruptcy in June 2013, and former members of the company founded ReliantHeart Inc. in August 2013. ReliantHeart became successor-in-interest to the assets of MicroMed Cardiovascular, Inc., including the HeartAssist5 VAD. In August 2014, ReliantHeart purchased 50% of INRTracker, an online tool for patients taking ...
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Privately-held
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publicly traded and privately held companies, as their investors are individuals. State, private, and cooperative ownership Private ...
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