United American Healthcare Stock

United American Healthcare Corporation, through its subsidiary, Pulse Systems, LLC, provides contract manufacturing services to the medical device industry.

The company supplies precision components to customers developing products for use in a range of medical specialties, including cardiology, neurology, orthopedics, gynecology, ophthalmology, and urology. Components produced by the company are used in medical device applications, such as cardiovascular stents, heart valve replacements, arterial wound closures, spinal repairs, breast biopsies, and brain aneurysm repairs.

Laser Cutting: The company provides precision laser cutting of thin-wall metal tubes. It processes various medical-grade materials, such as stainless steel; certain nickel-titanium alloys known as ‘Nitinol’; and precious metals, such as platinum and gold (used as radio-opaque location markers for implants), as well as tantalum and cobalt chromium. The company utilizes automated processing workstations, which deliver precise amounts of laser energy to vaporize metal materials in the specific pattern required for the customer’s part.

Laser Welding: In addition to its laser cutting capabilities, the company provides customers with laser welding services for joining metal components into sub-assemblies.

CNC Machining: During the year ended December 31, 2013, the company added capabilities in CNC Machining to its range of contract manufacturing services for the medical device industry. In addition to its capabilities in precision laser services and implant manufacturing, the company offers precision CNC machining of small custom components for medical devices. The company’s newly-acquired CNC machining equipment is capable of various operations, including milling, turning, boring, and drilling of small features on a range of biocompatible materials. In addition to machining solid metal materials, such as stainless steel, Nitinol, and titanium, this equipment is capable of handling tubular or cannulated starting materials.

Nitinol Processing: The company has developed particular expertise in Nitinol heat-treating techniques, which enable medical device developers to utilize the shape-memory properties of the Nitinol material. Nitinol is used in the design of catheter-delivered implants, which could assume a desired shape when deployed inside the body.

Surface Treatments: The company offers a range of surface treatment options for medical device manufacturers to meet specific design requirements:

Electropolishing: Using electrical energy to remove precise amounts of material from metal parts, electropolishing produces bright, clean surfaces, and provides the corrosion resistance required for long-term metallic implants.

Passivation: For certain materials, primarily stainless steel, chemical passivation techniques are used to provide corrosion resistance.

Grit-blasting: In situations where roughened surfaces are desired, such as for bonding or overmolding, parts are blasted with a stream of pressurized air carrying fine particles of aluminum oxide grit to produce the required surface roughness.

Customers

The company’s customers range in size from public companies to small venture-capital financed start-ups. For the six months ended December 31, 2013, the company provided contract manufacturing services to 67 medical device customers. The company’s customers are located in the San Francisco Bay Area.

Marketing and Sales

The company sells its contract manufacturing services directly to medical device manufacturing companies who are responsible for the engineering design, clinical development, regulatory approval, and marketing and sales of the end products. In selling its services, the company utilizes independent manufacturer’s representatives, who are granted exclusive regional territories.

Government Regulations

The FDA and related state and foreign governmental agencies regulate majority of the company’s customers’ products as medical devices, all of which are not directly related to its business as conducted.

History

United American Healthcare Corporation was founded in 1983. The company was incorporated in Michigan in 1983 and commenced its operations in 1985.