Intelligent Medical Imaging

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Intelligent Medical Imaging, Inc.
Public
Traded asNASDAQ: IMII
IndustryMedical diagnostic equipment
FoundedPalm Beach Gardens, Florida (1989)
HeadquartersPalm Beach Gardens, Florida
Key people
Tyce Fitzmorris, President, CEO, Director
ProductsMicro21, HSM, USM
RevenueIncrease $3.8 million USD (1998)
Decrease $-13.7 million USD (1998)
Number of employees
120 (1998)
Websitewww.imii.com (defunct)

Intelligent Medical Imaging, also known as IMI or 'IMII' on Nasdaq, was based in Palm Beach Gardens, Florida. This company made automated medical equipment which was sold to hospitals and laboratories throughout the world. The company no longer exists.

History[edit]

IMI was established in June 1989, and went public in 1996, raising $35 million.

In the last full year of operation, 1998, IMI reported a gross annual income of $3.8 million and a net annual income of $-13.7 million.

In May 1999, the company was delisted from Nasdaq.

On November 29, 1999, IMI filed for Chapter 11 bankruptcy protection.

On May 10, 2000, all assets were sold to Triangle Biomedical Sciences, Inc., for $2 million.

The company no longer exists, and the original web site, www.imii.com, is no longer available.

Products[edit]

Micro21[edit]

The company's main product line was an automated cell and urine analyzer, sold under the name Micro21. The product could perform many different procedures, 9 of which were Food and Drug Administration (FDA) approved. At the time the company declared bankruptcy, several procedures had not yet received FDA approval.

The Micro21 could perform the following:

Hematology Slide Master[edit]

The Hematology Slide Master (HSM) was developed in the late 1990s just prior to bankruptcy. It was an automated tool for making and staining microscope-ready blood slides. Licensing deals were signed with other companies such as Bayer, but very few of these were produced and delivered.

UriSlide Master[edit]

The UriSlide Master (USM) was basically the same as the HSM, but for automated urine slides.

It is uncertain if any of these were completed and sold for revenue.

Company executives[edit]

  • Tyce Fitzmorris, President, CEO, Director
  • Mike Smith, Vice President of Sales and Marketing
  • Eric Espenhahn, Vice President of Product Development
  • Jaime Pereira, Vice President of Engineering