G Medical stock rises ~10% after patient monitoring pact with AdventHealth
Luis Alvarez
- G Medical Innovations (NASDAQ:GMVD) stock rose ~11% on Wednesday after the company said its unit signed an agreement with AdventHealth Central Florida to expand the health care system's remote patient monitoring capabilities.
- Under the agreement, G Medical will provide devices to AdventHealth for remote patient monitoring — using the company's Prizma device — mobile cardiac telemetry (MCT) and extended holter (AECG) monitoring for AdventHealth patients.
- "By expanding our virtual care offerings, we are better able to anticipate and address our patients’ needs in real-time without the significant time and expense of a prolonged hospital visit," said Hector Lozano, medical director of the vascular ultrasound laboratory at AdventHealth.