Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Fresenius Medical Care buys dialysis specialist Nephromor

Saturday, October 24, 2015

Kidney dialysis specialist Fresenius Medical Care is buying Israelbased peer Nephromor for about 350 million shekels 9023 million German business paper Frankfurter Allgemeine Zeitung reported on Friday citing industry sources Through the acquisition FMC which is not yet active in Israel would becom..

HealthSouth's Lakeshore Hospital plans $61.5M expansion project

Friday, October 23, 2015

HealthSouth Corp39s Lakeshore Rehabilitation Hospital has filed plans with the State Health Planning and Development Agency for a major expansion project at the 42yearold hospital The total cost of the twostage expansion project including first year annual operating costs is 615 million According ..

Cohera Medical, Inc.® announces $50 Million in New Financing

Friday, October 23, 2015

Cohera Medical a leading innovator and developer of absorbable surgical adhesives and sealants announced closing the first tranche of a 50 million equity financing led by KKR a leading global investment firm with participation from existing private investors Cohera Medical has made significant stri..

IGI Laboratories, Inc. announces name change to Teligent, Inc.

Friday, October 23, 2015

IGI Laboratories Inc a New Jerseybased specialty generic pharmaceutical company announced that it will adopt Teligent Inc as its new name and will begin trading under a new symbol TLGT after ringing the NASDAQ Opening Bell on October 26 2015 3939Our new name captures the energy and passion that o..

NeoGenomics to acquire GE Cancer Testing Unit Clarient

Friday, October 23, 2015

NeoGenomics Inc agreed to acquire Clarient Inc a subsidiary of the healthcare unit of General Electric Co in a deal potentially valued at 2752 million that aims to broaden the genetictesting companys offerings of cancer diagnostic tests Under the deal NeoGenomics will acquire the cancer diagnostic..

Prime Healthcare Foundation signs definitive agreement to acquire River Valley Health Partners

Wednesday, October 21, 2015

River Valley Health Partners RVHP and Prime Healthcare Foundation have signed a definitive agreement for the acquisition of RVHP The mission of the Prime Healthcare Foundation matches with the long term mission and vision of RVHP and we look forward to the future with great pride said RVHP Board of..

SV Life Sciences to manage $100 mln dementia research fund

Wednesday, October 21, 2015

The world39s first fund focused on preventing and treating dementia was launched on Wednesday backed by leading drug companies with venture capital firm SV Life Sciences appointed as fund manager The 100 million Dementia Discovery Fund is unusual in focusing on a single difficulttotreat disorder an..

PinnacleHealth collaborates with Cigna to improve Health and Lower Costs in Harrisburg

Wednesday, October 21, 2015

Cigna CI has launched a collaborative care initiative with PinnacleHealth in central Pennsylvania The aim of the program is to improve patient access to health care enhance care coordination and achieve the goal of improved health affordability and patient experience Cigna Collaborative Care is the ..

AmSurg proposes merger, TeamHealth rejects

Wednesday, October 21, 2015

AmSurg Corp proposed a 53 billion merger with TeamHealth Holdings Inc as it looks to add heft to its business that provides doctors to hospitals and other healthcare services AmSurg which revealed on Tuesday that private merger talks with TeamHealth fell through in September said it had gone public..

Cross Country Healthcare to acquire Mediscan

Tuesday, October 20, 2015

Cross Country Healthcare Inc announced that it has signed a definitive agreement to acquire Mediscan Founded in 1995 and headquartered in Woodland Hills CA Mediscan provides temporary healthcare staffing and workforce solutions to both the healthcare and education markets While largely concentrated ..

Millennium Health to pay $256 mln to resolve U.S. allegations

Tuesday, October 20, 2015

Millennium Health formerly Millennium Laboratories has agreed to pay 256 million to resolve allegations it billed Medicare Medicaid and other federal healthcare programs for medically unnecessary testing the US Justice Department said on Monday Millennium one of the largest urine drug testing labor..

Singapore's Thomson Medical emerges top bidder for Advent International’s 72% stake in CARE Hospitals

Tuesday, October 20, 2015

Singapore39s Thomson Medical has emerged as the surprise highest bidder for a controlling stake in Hyderabadbased CARE Hospitals as US private equity fund Advent International39s efforts to sell the company have reached the final stages Emerging markets private equity group Abraaj and a consortium ..

Baptist Health South Florida and Medica HealthCare plans extend relationship

Tuesday, October 20, 2015

Baptist Health South Florida and Medica HealthCare Plans Medica today announced that they have renewed their agreement extending their longterm relationship and reflecting their shared commitment to making it easier for South Florida residents enrolled in Medicare to access the health care services ..

Dubai's Aster DM Healthcare in $245 mln Saudi hospital investment

Monday, October 19, 2015

Aster DM Healthcare a Dubaibased healthcare company has bought an additional 57 percent stake in a hospital in Riyadh for 900 million dirhams 245 million it said on Sunday The investment in Sanad Hospital which brings Aster DM Healthcare39s total ownership stake to 97 percent means it now has six h..

Singapore ISEC Healthcare buys Malaysia’s eye specialist clinic SSEC for $8.79m

Monday, October 19, 2015

ISEC Healthcare via its subsidiary ISEC Sdn Bhd has agreed to acquire the entire issued and paidup share capital of Malaysiabased Southern Specialist Eye Centre Sdn Bhd SSEC for MYR371 million 879 million The consideration is about 1243 times multiples of the unaudited adjusted and normalised profi..

BayCare Health System buys Bartow Regional Medical from Community Health Systems

Saturday, October 17, 2015

BayCare Health System Inc has signed a deal to buy Bartow Regional Medical Center from Community Health Systems Inc Financial terms were not disclosed in a press release announcing the deal Sale proceeds are estimated in the 25 million range by Chris Rigg an analyst at Susquehanna Financial Group ..

New York State Department of Health approves Vassar Brothers Medical Center’s plan to build $466 million patient pavilion

Friday, October 16, 2015

The New York State Department of Health has approved the certificate of need for Health Quests flagship Vassar Brothers Medical Center to construct a new patient pavilion that will change the face of healthcare in the Hudson Valley The state looked at our proposal and unanimously approved our goal ..

Malaysian healthcare company, IHH Healthcare Bhd plans 350-bed hospital in Chengdu, China

Friday, October 16, 2015

IHH Healthcare Bhd is teaming up with Shanghai Broad Ocean Investments Co Ltd with plans to set up a 350bed tertiary hospital in Chengdu China in a move to be a leading international healthcare provider in Greater China and Hong Kong The company said yesterday its indirect unit M P Investments Pte..

Aptean enters Healthcare Industry with acquisition of Medworxx Solutions

Friday, October 16, 2015

With the completion of its acquisition of Medworxx Solutions Inc Aptean announced today its entrance into the healthcare industry Medworxx is a leading provider of clinical patient flow compliance and education solutions to more than 350 hospitals internationally including Canada France the United S..

Hemfosa makes $24.6 million investment in Norwegian Gardermoen Health Campus

Thursday, October 15, 2015

Hemfosa Fastigheter AB signed an agreement to develop a local medical center at Gardermoen Airport located near Oslo adjacent to specialist hospital company began building in Sept 2015 Hemfosa39s portion of total project cost is about 200 million Swedish crowns 246 million Construction is schedule..