Forty Years Ago
Edition: December 2003 - Vol 11 Number 12
From the pages of the ASTA Journal.
Among distribution companies participating in the 1959 ASTA statistical survey, profit on sales was 0.76 percent of the sales dollar (compared to 1.16 in 1958); the average days sales tied up in receivables was 53 (compared to 52 in 1958); and the percent of net operating profit to investment (i.e., receivables, inventory less payables) was 12 percent (down from 15 percent in 1957).
Overseas Donations Made
Since announcing its new venture to supply surplus medical equipment to needy missionary hospitals and clinics overseas, the Surgical Trade Foundation has already arranged for 20 separate shipments of medical items – valued at about $10,000 – to be shipped around the world. The contributions were made by 13 dealers and two manufacturers. Dr. Albert Schweitzer is honorary sponsor of the venture, while Louis H. Markle of the Medical Arts Supply Co. in Chicago is its champion and organizer.
Merger of IPCO, Surgical Selling
The merger of IPCO Hospital Supply Corp. and the Surgical Selling Companies of Atlanta, Houston and Bluefield, W.V., is to become effective Jan. 2, 1961.
Baxter Founder Dies
Dr. Ralph Falk, founder and board chairman of Baxter Laboratories Inc., Morton Grove, Ill., and a pioneer in the development of intravenous feeding, died Nov. 2. Baxter was organized in 1931 and began production of IV solutions in Glenview, Ill., in 1933. Prior to 1931, the few solutions used were made in the hospitals and were frequently not safe.
• The Thrombitron from Clay-Adams (New York) allows prothrombin time determinations to be done without the use of a water bath. The device is said to bring all the necessary test components within fingertip reach of the technologist, and to maintain plasma, thromboplastin and prothrombin pipettes at a constant 37 degrees C temperature without a water bath.
• A new operating table from Wilmot Castle Co. is said to be the first to have five articulating sections instead of the conventional four. Each of the sections – head, spinal, pelvic, femoral and lower leg – can be positioned independently to correspond to the five major anatomical regions of the body.
• Hemoccult, the diagnostic aid for determining occult blood in body fluids, recently introduced by the Pharmaceutical Laboratories Divison of Schieffelin & Co. (New York), is now available in a special larger laboratory size.
• Anesthalung (manufactured by J. J. Monaghan Co., Denver, for National Cylinder Gas Division, Chemetron Corp., Chicago) is said to be the first instrument of its type to incorporate a pressure-sensitive volume control of extreme low resistance. It gives automatic controlled respiration under the anesthesiologist’s guidance, freeing his hand for other work.
Source: January 1961 ASTA Journal. ASTA was the American Surgical Trade Association. Its name was later changed to HIDA.