Not so sure. The last update was 32 oz sites, add the 17 new from arcare, gives 49. This was well flagged in previous updates. Still no other oz sites signed up. Also note the current Arcare QLD state manager was the Simavita Product and Clinical Sales Manager from 2008-2012 and presented at SVAs investor briefing in Melbourne on the 21 Mar 2014. Prior to that, this person was Product Development Manager for Sanicare from 2003-2008. The CEO of SVA was the CEO and founder of Sanicare. http://simavita.com/simavita-investor-briefing-held-in-melbourne_21-march-2014/ http://au.linkedin.com/pub/karen-carey/27/2a9/723
Whilst it is pleasing to see Arcare roll out SIM to all its sites, I remain a little hesitant given the historical relationship between senior management of SVA and Arcare. I am looking to see the boards other aged care groups signal their interests in SIM. Aged care groups with with less historical linkages to SVA.
Still no mention of additional sites in US. Yes Medline have placed an order with SVA, but how much of that order is actual US sites signing up vs contractual inventory purchases. I will get excited when they announce a large rise in the US sites signed up. It still currently stands at 3.
I would be interested to hear other peoples thoughts.
DYOR
SVA Price at posting:
50.0¢ Sentiment: None Disclosure: Not Held