Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Georgia Healthcare Group says reduction of capital becomes effective

Thursday, January 14, 2016

Georgia Healthcare Group Plc39s reduction of capital becomes effective Announces that it has today received approval from high court of justice in England and Wales to reduction of share capital of GHG and the cancellation of GHG39s share premium account Reduction of capital is a legal and account..

Obama to offer in budget to extend deadline for Medicaid expansion

Thursday, January 14, 2016

President Barack Obama will offer a financial incentive in his fiscal 2017 budget proposal to 19 state governments that passed up an earlier offer to help pay to expand Medicaid coverage to more lowincome residents the White House said on Thursday Medicaid expansion was part of the Affordable Care ..

Lutheran Children's Hospital celebrates expansion

Thursday, January 14, 2016

Lutheran39s pintsized patients can now get a perk previously reserved for adults private rooms Lutheran Children39s Hospital officials on Wednesday celebrated the completion of a 4 million project that remade 36 pediatric patient rooms and clustered them in one area on Lutheran Hospital39s third fl..

Kindred Healthcare to pay $125 million to end Medicare fraud probe

Wednesday, January 13, 2016

Kindred Healthcare Inc agreed to pay 125 million to settle government allegations that the largest US nursing home therapy provider knowingly caused skilled nursing facilities to submit false or fraudulent Medicare reimbursement claims The US Department of Justice on Tuesday said the accord resolve..

Dubai's Abraaj Group to buy majority stake in India's Care Hospitals

Wednesday, January 13, 2016

Abraaj Group a Dubaibased private equity investor said on Wednesday it plans to buy a majority stake in Quality CARE India Ltd which runs CARE Hospitals from global PE firm Advent International marking the emerging marketsfocused firm39s latest investment in India CARE which operates a multispecial..

Philips and Marin General Hospital announce $90 mln partnership

Wednesday, January 13, 2016

Philips and Marin General Hospital announce usd 90 million 15year strategic partnership Collaboration will include technology design and informatics to develop new patientcentric hospital bed tower and ambulatory facilities reuterscom ..

Hospital shares slump after Tenet sees patient volume decline

Wednesday, January 13, 2016

Shares of forprofit hospital operators fell sharply on Tuesday after Tenet Healthcare Corp said patient admissions to its facilities declined in the fourth quarter surprising investors Tenet shares declined 76 percent to 2386 in afternoon trading its lowest level in three years dragging down the st..

Medical device maker Medtronic to buy back up to $5 billion shares

Tuesday, January 12, 2016

Medical device maker Medtronic Plc said it planned to buy back shares worth up to 5 billion over the next couple of years The company said on Monday an internal reorganization in September had resulted in cash and cash equivalents of 93 billion which would be used to fund the buyback and to repay d..

Teleflex acquisition of Nostix, LLC expands Catheter Tip Placement Solutions

Tuesday, January 12, 2016

Teleflex Incorporated TFX a leading global provider of medical devices for critical care and surgery has acquired privately held Nostix LLC a Boulder Colorado developer of innovative tip confirmation systems that are used to increase the accuracy of vascular access device placement Currently Nostixs..

BioPorto enters distribution agreement with Siemens Healthcare

Tuesday, January 12, 2016

BioPorto AS says has entered into a distribution agreement with Siemens Healthcare under which BioPorto will deliver an NGAL test adapted for Siemens Healthcare39s BN II and BN ProSpec Systems Says expects to see an economic effect of this agreement in H2 2016 reuterscom ..

Agfa HealthCare acquires TIP Group

Tuesday, January 12, 2016

Agfa HealthCare announces today that it has acquired the TIP Group which is based in Graz Austria This merger of two healthcare pioneers will broaden Agfa HealthCares portfolio with specialized Business Intelligence and ERP solutions for hospitals Specialized tools for Business Intelligence The me..

MiMedx signs definitive agreement to acquire Stability Biologics

Monday, January 11, 2016

MiMedx Group Inc finalized a deal Sunday to acquire Stability Biologics for 10 million in cash and stock The regenerative medicine company MiMedx said the acquisition of Stability Biologics a provider of human tissue and bone graft products adds a new sales channel and roughly 100 salespeople to th..

Ekuinas enters healthcare sector with RM79.8m investments

Monday, January 11, 2016

Governmentlinked private equity fund Ekuiti Nasional Bhd Ekuinas has announced two investments worth RM798 million in two third party medical claims administrators TPA marking its maiden entry into the healthcare sector TPAs act as an interface between consumers medical funders and health providers..

Crittenden County hopes to build new $21 Million Hospital

Monday, January 11, 2016

If Crittenden County voters approve a tax measure on March 1 an approximately 21 million hospital will be built to replace the bankrupt Crittenden Regional Hospital which has been closed since September 2014 Crittenden County Judge Woody Wheeless told Arkansas Business last week that Baptist Memori..

Ocala Health announces $40M expansion on West Marion Community Hospital campus

Saturday, January 09, 2016

Ocala Health leadership released details today on a multifaceted expansion project at West Marion Community Hospital which will add nearly 42000 sq ft to the 13yearold facility meeting a continually growing need for acute care services for residents west of I75 This expansion along with the addition..

Hitachi Medical announces first US Installation of Supria CT

Saturday, January 09, 2016

Diagnostic Imaging Services Inc DIS of Metairie LA has recently upgraded their CT Scanner services with the installation of Hitachis first Supria CT Scanner in the United States The Hitachi Supria CT combines the latest radiation dose saving technologies in a compact design with enhanced patient acc..

Veracyte announces expansion to New South San Francisco Facility

Friday, January 08, 2016

Veracyte Inc a molecular diagnostics company pioneering the field of molecular cytology today announced that the company is relocating to expanded laboratory and corporate space within South San Francisco The new space more than doubles the space Veracyte currently occupies in order to accommodate t..

Community Health delays Quorum Spinoff, Citing Market Conditions

Friday, January 08, 2016

Community Health Systems Inc delayed the spinoff of a consulting unit citing market conditions after a rout in global stocks The hospital company now expects to complete the transaction to create Quorum Health Corp by the end of June according to a statement Thursday as many as three months later t..

Glenwood-based Healthcare Interactive acquires Wisconsin company, PopSpring Wellness

Friday, January 08, 2016

Howard County health benefits management company Healthcare Interactive Inc has acquired a small wellness company in Wisconsin Glenwoodbased Healthcare Interactive which offers management and technology services for corporate health plans finalized the deal to acquire PopSpring Wellness from Ansay ..

Brazil to hire doctors, nurses to help in Rio health crisis

Friday, January 08, 2016

Brazil39s health ministry promised on Thursday to hire nearly 2500 medical staff in the state of Rio de Janeiro as it scrambles to help local authorities deal with a funding crisis that has left hospitals understaffed and ill equipped Eight months before the Olympics are due to unfold in Rio fallou..

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