Deerfield Management Announces Partnership with Gregory Sorensen and Deerfield Imaging

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Oct 30, 2015, 09:10 ET

NEW YORK, Oct. 30, 2015 /PRNewswire/ -- Deerfield Management Company, L.P. announces that it has created a partnership with Gregory Sorensen, M.D., and Deerfield Imaging ("IMRIS"). Dr. Sorensen will take a significant minority interest in Deerfield Imaging and will become the Executive Chairman.

Dr. Sorensen served until recently as President and CEO of Siemens Healthcare North America, and is a neuroradiologist well known in the industry for his innovative research in medical imaging and for his expertise in clinical practice. Prior to his tenure at Siemens, Sorensen served as Professor of Radiology and Health Sciences & Technology at Harvard Medical School; a faculty member of the Harvard-MIT Division of Health Sciences and Technology; and Co-Director of the A.A. Martinos Center for Biomedical Imaging at Massachusetts General Hospital.

In his role as Executive Chairman of the Company, Sorensen will provide both strategic and operational guidance, drawing on his clinical and business experience in image-guided surgery and neuro radiology. "I'm very excited to be part of this partnership," said Sorensen. "I'm passionate about improving patient care via scientific advances, and IMRIS has a strong record of deep technological innovation that has been shown to improve outcomes. I see great untapped potential in the IMRIS technology and am confident I can help this company unlock that value for the benefit of all stakeholders."

President and CEO of Deerfield Imaging, Jay D. Miller stated, "Dr. Sorensen's focus on patient outcomes and satisfaction and product innovation will help take our product development and market leadership to the next level. We are excited to have him join our team."

Ted Huber, a Partner at Deerfield Management Company and IMRIS Director stated, "Dr. Sorensen's decision to take a leadership role and significant stake in IMRIS validates the potential for the IMRIS technology and we look forward to a strong growth trajectory and continued successful patient care under his leadership and vision."

About Deerfield Imaging and IMRIS Products

As a leader in image guided therapy solutions, IMRIS^® products from Deerfield Imaging provide optimized fully integrated image-guided therapy environments that serve to address the important needs of patients, clinicians and hospitals by delivering timely information on surgical targets and results to clinicians for use during surgical or interventional procedures. The VISIUS Surgical Theatre incorporates MRI, CT and angiography into multi-purpose surgical suites to provide advanced intraoperative imaging directly in operating rooms. IMRIS products are sold globally to hospitals in the neurosurgical, spinal cardiovascular, and orthopedic markets. Learn more by visiting www.imris.com.

About Deerfield

Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.

For more information, please visit www.deerfield.com.

Contacts

Deerfield Management Company
Karen Heidelberger, 212-692-7140
[email protected]

SOURCE Deerfield Management Company, L.P.