VISICU reaches profitability, plans IPO

VISICU, the maker of remote monitoring systems for intensive care units, turned a profit of $10 million on revenues of $18 million last year according to a filing with the SEC. That performance was a marked improvement over a year earlier, when the company lost $4 million. VISICU, which is known for its eICU system and is considered a market leader, plans to go public later this year. The company expects shares to go for between $11 and $13. VISICU was founded by Dr. Brian Rosenfeld and Dr. Michael Breslow. The company paid a $7.5 million dividend to existing shareholders and early backers in October.

- see this article from The Baltimore Business Journal

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