PHOENIX (AP) Phoenix medical instruments company Phoenix Medical Instruments says it’s selling out of its most popular medical instrument, the Phoenix Electrolurgical, as consumers flock to the brand for a more affordable price.
The company posted Monday that its sales for the Electrological rose 17% in its most recent quarter, to $2.6 billion.
The Electrolical, also known as the Phoenix Medical Instrument, is made by Electrolux Medical Systems, a company that was founded in 1996 and was acquired by Medtronic in 2003.
Medtronic is an American medical equipment manufacturer that was sold to Oracle Corp. in 2004 for $8.4 billion.
Electrologies are used to diagnose and treat a variety of conditions.
The company said Monday that sales of the Electronical grew 30% to $6.2 billion.