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CIRCA Scientific Announces Agreement with MAGNET Group

CIRCA Scientific Announces Agreement with MAGNET Group for Company’s Esophageal Temperature Monitoring System

 Englewood, CO. September 15, 2015 — CIRCA Scientific, a leader in advanced esophageal temperature monitoring with the S-CATH™ Esophageal Monitoring System, announced today that it has reached a three-year agreement with MAGNET Group, the Mid-Atlantic Group Network of Shared Services.  MAGNET Group is one of largest and most experienced non-profit cooperative group purchasing and shared services organizations in the United States. The agreement, which was effective on July 1, 2015, allows MAGNET Group’s participating healthcare facilities to begin purchasing CIRCA’s S-CATH Esophageal Temperature Probe.

CIRCA Scientific was selected by MAGNET Group as a result of its leadership position in advance temperature monitoring, which plays a key role in complex Cardiac Ablation procedures.

The company’s S-CATH Hot & Cold Esophageal Temperature Monitoring System enhances esophageal temperature monitoring with multi-point temperature sensing. The system has 12 fast-response temperature sensors on a soft, flexible, self-expanding probe, which conforms to the shape of the esophagus, and provides maximum esophageal coverage.   Studies have demonstrated that the S-CATH provides temperature information more quickly than conventional temperature probes.

“MAGNET Group is proud to partner with CIRCA to offer the S-CATH Esophageal Temperature Probe and System to our participating healthcare facilities.   This expands our ability to provide important problem-solving technologies to our members,” said Steven R. Duke, Vice President and Chief Operating Officer for MAGNET Group. “Our customers include many different kinds of healthcare facilities with differing needs. CIRCA’s products provide a key advantage to those performing advanced interventional electrophysiology procedures.”

“CIRCA is happy to be a part of the MAGNET Group network and to furnish their Participating Healthcare Facilities with CIRCA’s advanced esophageal temperature monitoring products to address their monitoring needs when accuracy and speed to are critical to clinical decisions,” said Lee Geist, President and CEO for CIRCA.  “This agreement allows CIRCA to provide its advanced technology to MAGNET Group’s Network, fulfilling MAGNET Group’s mission to provide quality products and services to its members at a reasonable price.”

About MAGNET Group

 Mid-Atlantic Group Network of Shared Services Cooperative (MAGNET Group) is one of the oldest, largest and most experienced shared service organizations in the country. Founded in 1979, MAGNET Group offers healthcare providers capital equipment contracts at the best possible pricing. Member groups include the Joint Purchasing Corporation (JPC), Creative Source Concepts, Inc. (CSC), G10 New England (G10 NE), Hospital Central Services Cooperative, Inc. (HCSC), and Southwest Ohio Health Care Affiliates, Inc. (SOHCA). MAGNET Group provides group purchasing opportunities for more than 600 acute care facilities.

 About CIRCA Scientific

CIRCA Scientific is an emerging medical device company which was founded to develop highly responsive Esophageal Temperature Monitoring products for use when speed and accuracy are critical. The company’s technology uses multiple temperature sensors on uniquely shaped flexible probes which deploy the sensors throughout the esophagus. CIRCA Scientific is privately held and based in Englewood, Colorado.

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