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Stock impact report

GM delivers first ventilators under 30,000-unit government contract [TechCrunch Blog]

Tenet Healthcare Corporation (THC) 
Last tenet healthcare corporation earnings: 2/24 04:21 pm Check Earnings Report
US:NYSE Investor Relations: investor.tenethealth.com
Company Research Source: TechCrunch Blog
Ventilators assembled by GM and Ventec Life Systems were delivered to hospitals Thursday night with more making their way to facilities today and through the weekend, the first in a 30,000-unit order with the U.S. government.The deliveries, which went to hospitals in Chicago and Olympia Fields, Ill., are a milestone for the two companies that launched an effort less than a month ago to make thousands of ventilators for hospitals during the COVID-19 pandemic.GM and Ventec announced a partnership March 20 to help increase production of respiratory care products such as ventilators. The companies had initially focused on making Ventec’s critical care ventilators, called VOCSN, a higher-end multi-function device that includes a ventilator, oxygen concentrator, cough assist, suction and nebulizer. The device, which has more than 700 components, was cleared in 2017 by the FDA.GM investigated the feasibility of sourcing the materials needed as well as what it would take to build a new clean Show less Read more
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