Emerson & HID Global To Offer Healthcare Monitoring Solution
Zacks Investment Research | Feb 12, 2019 09:28PM ET
Emerson Electric Co. (NYSE:EMR) recently teamed up with HID Global to boost environmental healthcare monitoring capabilities for the healthcare industry. The partnership will leverage Emerson’s proficiency in environmental monitoring and cold chain capabilities, along with HID Global’s connected health systems and Internet of Things (IoT) solutions, enabled by Bluvision. The solution will offer suitable temperature for life-saving vaccines, medications and other healthcare specimens.
It will provide healthcare providers with an advanced medical-grade temperature monitoring capability by combining audit trails, automated alerts, condition monitoring as well as location services with the help of IoT. Notably, the combination of Emerson’s environmental monitoring sensors and HID Global’s Bluetooth Low-Energy network will enable healthcare providers to effectively manage temperature-sensitive assets.
As a matter of fact, the monitoring solution will supplement the work of hospitals by improving quality of care, patient safety as well as pharmacy workflows. In addition, it will enable more advanced capabilities like the construction of Health System Digital Twins.
Emerson is well positioned to benefit from favorable global industrial end markets, as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. Going forward, continued robust demand in residential air conditioning and professional tools markets are likely continue driving the company's Commercial & Residential Solutions business revenues.
Also, Emerson believes that broad-based demand across most key markets, strong Maintenance, Repair and Operations projects as well as ongoing small to mid-sized brownfield and expansion projects will bolster revenues of its Automation Solutions segment. The company currently predicts its aggregate underling sales growth for fiscal 2019 (ending September 2019) in the range of 4-7%.
In the past three months, this Zacks Rank #3 (Hold) stock has yielded 1% return against the Original post
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