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Fitch Affirms Cedars Sinai Medical Center (ca) Rev Bonds At 'a+'; Outlook To Positive

Solta Medical explores sale after loss exceeds estimate

Market Leader in Competitive Environment CSMC maintains a leading market share in its primary service area, despite facing strong competition from several highly regarded and reputable academic centers and healthcare systems in the greater Los Angeles area. CSMC has been able to capture a good share of the highly profitable tertiary and quaternary specialty and sub-specialty medical services and has the largest heart transplant program in the world. CSMC also has a highly aligned physician-hospital platform facilitated through its foundation, which is affiliated with over 800 physicians who practice in CSMC's service area. Manageable Capital Plans and Moderating Debt Burden The AHSP's budget was $613 million and the project came in $121 million under budget, which is a significant amount of savings. This can be attributed to CSMC's in-house project management team that oversaw the integrated planning and construction. There were very few change orders and the utilization of building information modeling technology avoided potential system clashes. This building provides CSMC with the flexibility to add additional capacity depending on volume growth trends. CSMC's total debt as of June 30, 2013 was $1.1 billion and is 100% fixed rate. CSMC's debt burden has historically been high for its rating level, however, maximum annual debt service (MADS) as a percentage of revenue has declined to 3.4% in fiscal 2013 from 4.7% in fiscal 2009 compared to the 'A' category median of 3.1%. Debt service coverage has also improved to 5.3x in fiscal 2013 compared to 3x in fiscal 2012 and 3.7x in fiscal 2011.
Source: http://finance.yahoo.com/news/fitch-affirms-cedars-sinai-medical-211100465.html

Medical marijuana advocates in Colorado give pot to pets

(File/UPI /Jim Bryant | License Photo Nov. 13 (UPI) -- Some medical marijuana enthusiasts in Colorado are taking the "holistic approach" by giving their pets pot to deal with pain. As animals age, its harder for them to do things like fetch, run and play, prompting some owners to prescribe marijuana to help fix the problem . "Arthritis is the really big thing for our pets as they get older, for being able to move about and get their exercise, pet owner Barbara Novey told local Fox affiliate KXRM. "So medication of any type that will help someone that is natural will help their pet as well, and I think that maybe our pets can help us purge this reefer madness mentality and realize that it's not the dangerous drug that you think it is." Novey thinks pot is therapeutic for her pooch, but NorthWest Animal Hospital veterinarian Dr. John Sudduth asserts that giving a dog medical marijuana can be deadly. "There just hasn't been enough research that has been presented to the medical community that would inform us to how to safely use medication such as marijuana. You're really playing with fire. You don't really know what you're giving and what kind of side effects it could have. It could result in serious illness and it could result in death in some cases." "Pets are not necessarily people in fur coats," Sudduth added. "And how they metabolize medications and utilize medications those are all separate issues that have to be determined." It is still illegal for veterinarians to prescribe medical marijuana pills.
Source: http://www.upi.com/Odd_News/Blog/2013/11/13/Medical-marijuana-advocates-in-Colorado-give-pot-to-pets/2421384372629/

Hansen Medical's Magellan(TM) Robotic System to Be Presented at 40th Annual VEITHsymposium(TM) of Vascular Surgeons and Interventionalists

Roth Capital Markets analyst Chris Lewis said Solta's financial performance for the past few quarters would negatively affect its potential takeout valuation, but a company looking to enter the aesthetic devices space could be lured toward Solta's diverse product portfolio. Lewis named Canada's Valeant Pharmaceuticals International Inc (VRX.TO) as a prospective buyer, saying that "it has been rumored that Valeant wants to get involved on the device side." Valeant has aggressively pursued acquisitions in the last few years, and most recently sealed a deal to buy cosmetics products maker Obagi Medical Products Inc in April for about $344 million. The company continues to look for small, cash-based acquisitions, its chief executive officer told Reuters last month. Voce Capital was also behind pushing Obagi toward a buyout. The San Francisco-based investment firm, which said in May that it owned about 500,000 Solta shares, has repeatedly criticized Solta's quarterly results and also pointed toward growing consolidation in the aesthetic medical market, warning that Solta's "exit options" might be narrowing. Cynosure Inc (CYNO.O), a maker of minimally invasive aesthetic treatments, agreed to buy Palomar Medical Technologies Inc in March to expand its portfolio of light-based devices used to treat scars and wrinkles. The market for aesthetic devices fluctuated around 2008-2009 as patients put off discretionary spending amid an economic slump. However, demand has steadily grown and cosmetic surgical procedures increased more than 3 percent in the past year, with almost 1.7 million procedures in 2012, according to research by the American Society for Aesthetic Plastic Surgery. Solta also unveiled on Monday a restructuring plan to cut annual costs by $12 million. The company's cash balance stood at $7.7 million at the end of September, compared with $16.3 million at the end of June.
Source: http://www.reuters.com/article/2013/11/12/us-soltamedical-options-idUSBRE9AA0ZC20131112

Because The U.S. Invaded Haiti and Occupied It For Almost 20 Years Woodrow Wilson ordered the Marines to invade and occupy Haiti in 1915 after the assassination of the Haitian president. The troops didn't leave until 1934. Because The U.S. Invaded Haiti Again In 1994 One invasion wasn't good enough. The U.S. military returned in 1994. Because The U.S. Trained Military Leaders Who Committed Atrocities In Latin America The School of the Americas in Ft. Benning, Georgia, trained soldiers and generals responsible for massacres and torture of tens of thousands of Latin Americans, according to Al Jazeera.
Source: http://www.huffingtonpost.com/2013/11/13/charlottes-web-marijuana_n_4261935.html

Milestone Medical sells $1.5 mln of additional shares

are expected to begin trading on the Warsaw Stock Exchange, the largest national stock exchange in Central and Eastern Europe and one of the fastest-growing exchanges in Europe, in late November 2013. About WDM WDM is Central and Eastern Europes leading small cap investment bank. It has been listed on the Warsaw Stock Exchange since 2007. Over the past 6 years, WDM has taken over 50 companies public on the Warsaw Stock Exchange. It has raised over $150,000,000 in private equity, venture capital and public financing for its clients. WDMs investment management subsidiary, WDM Capital, manages a growing portfolio of some of the regions most promising micro caps. WDMs United States subsidiary, WDM Capital USA, provides access to CEE financing and investment opportunities for North American clients and North American financing and market access for CEE clients. For more information visit: www.wdmcapital.com. About Milestone Scientific Inc. Milestone Scientific Inc.
Source: http://www.pehub.com/2013/11/13/milestone-medical-sells-1-5-mln-additional-shares-wdm/

Weed Pioneers Look To Save Epileptic Kids With New Medical Marijuana Strain

-- Clinical Experience with Vascular Robotics (Hansen) In EVAR, Carotid and Other Vascular Applications, by Dr. Katzen; Thursday, November 21st at 2:12 p.m. "The VEITHsymposium is one of the year's most important vascular conferences and we are pleased to have our Magellan System highlighted prominently in numerous settings throughout the conference," said Bruce Barclay, President and CEO of Hansen Medical. "The high level of activity around intravascular robotics at this meeting is a strong reflection of the continuing momentum we are seeing both clinically and commercially with the Magellan System." About the Magellan(TM) Robotic System Hansen Medical's Magellan Robotic System is intended to be used to facilitate navigation to anatomical targets in the peripheral vasculature and subsequently provide a conduit for manual placement of therapeutic devices. The Magellan System is designed to deliver predictability to simple and complex endovascular procedures. Since its commercial introduction in the U.S. and Europe, the Magellan System has demonstrated its clinical versatility in many cases in a broad variety of peripheral vascular procedure types in centers across the US and Europe. The system is based upon the flexible robotic technology incorporated in the Sensei-X(R) Robotic Catheter System currently sold in the U.S. and Europe, which has been used in more than 10,000 patients, but includes a number of key enhancements. In particular, the Magellan Robotic System: -- Provides solid catheter stability for placement of therapeutic devices. -- Is designed to enable predictable procedure times and increased case throughput.
Source: http://www.marketwatch.com/story/hansen-medicals-magellantm-robotic-system-to-be-presented-at-40th-annual-veithsymposiumtm-of-vascular-surgeons-and-interventionalists-2013-11-13

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