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DIH Holding US, Inc. Announces Partnership With Shepherd Center as Center of Excellence in Neurorehabilitation

Quiver Quantitative ·  Dec 23, 2024 20:12

DIH Holding appoints Shepherd Center as a Center of Excellence to enhance rehabilitation outcomes using advanced robotic technology.

Quiver AI Summary

DIH Holding US, Inc. has announced the appointment of Shepherd Center in Atlanta, Georgia, as a DIH Center of Excellence, aiming to enhance rehabilitation outcomes for patients with walking impairments and other functional challenges. This partnership will leverage Shepherd Center's expertise in neurorehabilitation and DIH's advanced robotic rehabilitation technologies, including devices for gait training, balance evaluation, and arm therapy. The collaboration is designed to maximize patient recovery and foster innovation in rehabilitation practices, aligning with DIH's mission to deliver inspiration and health through cutting-edge solutions for those with disabilities. Both organizations emphasize their commitment to improving patient care and advancing research in the rehabilitation field.

Potential Positives

  • The appointment of Shepherd Center as a DIH Center of Excellence highlights DIH's commitment to collaboration with leading institutions in the field of neurorehabilitation.
  • This partnership is expected to enhance rehabilitation outcomes and drive advancements in the industry, creating new opportunities for patient recovery.
  • DIH's alignment with a renowned center reflects positively on its technology and solutions, demonstrating their effectiveness in a prestigious clinical setting.
  • The collaboration underscores DIH's dedication to innovation and improving patient lives, reinforcing its brand image as a transformative provider in the rehabilitation industry.

Potential Negatives

  • The reliance on forward-looking statements reveals a level of uncertainty about DIH's future performance, which may cause concern among investors regarding the company's stability and growth prospects.
  • The mention of risks and uncertainties, including dependence on economic conditions and financial performance, may indicate potential vulnerabilities in DIH's business model.
  • The press release emphasizes the need for additional capital; if investors perceive that financing may be required to sustain operations, it might raise red flags about the company's current financial health.

FAQ

What is the purpose of the partnership between DIH and Shepherd Center?

The partnership aims to enhance rehabilitation outcomes and drive advancements in patient recovery through innovative technology.

What recognition has Shepherd Center received from DIH?

Shepherd Center has been appointed as a DIH Center of Excellence for its expertise in neurorehabilitation and use of advanced robotics.

What technologies does Shepherd Center utilize in rehabilitation?

Shepherd Center uses ErigoPro, LokomatPro, C-Mill VR+, and the Armeo product family for various rehabilitation therapies.

Who is Dr. Patrick Bruno?

Dr. Patrick Bruno is the Chief Market Officer at DIH and emphasizes innovation in rehabilitation through technology partnerships.

What is the mission of DIH Holding US, Inc.?

DIH's mission is to deliver inspiration and health, improving the lives of individuals with disabilities through advanced rehabilitation devices.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$DHAI Hedge Fund Activity

We have seen 5 institutional investors add shares of $DHAI stock to their portfolio, and 5 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • PARKWOOD LLC removed 14,998 shares (-100.0%) from their portfolio in Q3 2024
  • BLUEFIN CAPITAL MANAGEMENT, LLC removed 13,611 shares (-100.0%) from their portfolio in Q2 2024
  • POLAR ASSET MANAGEMENT PARTNERS INC. removed 13,592 shares (-9.2%) from their portfolio in Q3 2024
  • XTX TOPCO LTD removed 10,347 shares (-100.0%) from their portfolio in Q2 2024
  • VANGUARD GROUP INC added 9,759 shares (+1.8%) to their portfolio in Q3 2024
  • GEODE CAPITAL MANAGEMENT, LLC added 7,577 shares (+3.3%) to their portfolio in Q3 2024
  • YAKIRA CAPITAL MANAGEMENT, INC. removed 6,528 shares (-31.9%) from their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release



NORWELL, Mass. and ATLANTA, Dec. 23, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a global provider of advanced robotic devices used in rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced the appointment of Shepherd Center as DIH Center of Excellence. Through this partnership, DIH and Shepherd Center aim to further enhance rehabilitation outcomes and drive advancements in rehabilitation, creating new opportunities for patient recovery.



The DIH Center of Excellence program recognizes strategic partners that showcase best practices in rehabilitation robotics while demonstrating how DIH therapy solutions contribute to successful patient outcomes. These Centers also contribute to the development of advanced rehabilitation technologies.



Based in Atlanta, Georgia, Shepherd Center is renowned for its expertise in neurorehabilitation. The center's integration of state-of-the-art technology aligns perfectly with its mission to provide world-class clinical care, research, and family support for people experiencing the most complex conditions, including spinal cord and brain injuries, multi-trauma, traumatic amputations, stroke, multiple sclerosis and pain.



Shepherd Center utilizes ErigoPro for early patient mobilization, LokomatPro for intensive gait training, and C-Mill VR+ for balance and gait evaluation and training. In addition, the complete Armeo product family supports advanced arm and hand therapy, catering to a wide range of patient needs, from acute to mild. These devices complement Shepherd's comprehensive therapy offerings and dedication to excellence in the rehabilitation space.



"We're thrilled to partner with Shepherd Center as a DIH Center of Excellence," said Dr. Patrick Bruno, Chief Market Officer, at DIH. "Their expertise in neurorehabilitation, combined with our cutting-edge technology, will help drive patient outcomes and foster innovation in the field. At DIH, we're dedicated to transforming lives through innovation, and this partnership is an important step in that mission."



"Being honored as a DIH Center of Excellence reflects our dedication to advancing neurorehabilitation through cutting-edge technology both in the clinical and research setting," said Deborah Backus, PT, Ph.D. FACRM, vice president of research and innovation at Shepherd Center. "We look forward to our partnership with DIH helping us maximize recovery and independence for our patients now and in the future."




About DIH Holding US, Inc.

DIH stands for the vision to "Deliver Inspiration & Health" to improve the daily lives of millions of people with disabilities and functional impairments through providing devices and solutions enabling intensive rehabilitation. DIH is a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions. Built through the mergers of global-leading niche technology providers, DIH is a transformative rehabilitation solutions provider and consolidator of a largely fragmented and manual-labor-driven industry.




About Shepherd Center

Shepherd Center in Atlanta, Georgia is recognized globally as a leader in neurorehabilitation. Founded in 1975 by James Shepherd along with his parents Harold and Alana Shepherd following James' own spinal cord injury experience, the center has grown into one of the top-ranked facilities specializing in medical treatment, research, and rehabilitation for people with spinal cord injury or disease (SCI/D), acquired brain injury (ABI), multiple sclerosis (MS), chronic pain conditions related to spine disorders.




Caution Regarding Forward-Looking Statements

This press release contains certain statements which are not historical facts, which are forward-looking statements within the meaning of the federal securities laws, for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include certain statements made with respect to the business combination, the services offered by DIH and the markets in which it operates, and DIH's projected future results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions provided for illustrative purposes only, and projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. These risks and uncertainties include, but are not limited to: general economic, political and business conditions; the ability of DIH to achieve its projected revenue, the failure of DIH realize the anticipated benefits of the recently-completed business combination and access to sources of additional debt or equity capital if needed. While DIH may elect to update these forward-looking statements at some point in the future, DIH specifically disclaims any obligation to do so.




Investor Contact

Greg Chodaczek

Investor.relations@dih.com



Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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