He plans to bundle wireless patient-monitoring capabilities into all of his cardiac defibrillators and pacemakers.

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Even after its regulatory problems, the company is a leader in the field of implantable cardiac defibrillators, devices that are implanted in heart-failure patients.

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Pitt also says that the drug's wide use might reduce the need for implantable cardiac defibrillators like those made by Medtronic (nyse: MDT - news - people ).

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They also received two to three times as many pacemakers, implantable defibrillators, cardiac-bypass operations, carotid endarterectomies, and coronary-artery stents.

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The idea was that Elliott, who had won plaudits as the head of orthopedic joint maker Zimmer Holdings, could fix up a company whose main businesses in heart stents and implanted defibrillators, used to prevent sudden cardiac death, were running into significant road blocks.

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Despite defibrillators and other modern gear, survival rates after cardiac arrest are around 30% inside hospitals and 5% or so outside of them.

FORBES: Magazine Article