Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Texas hospitals sue U.S. for allowing rival's expansion

Thursday, October 15, 2015

A trio of Texas hospitals sued the US Department of Health and Human Services Monday for granting a rival physicianowned hospital an exception from federal law allowing it to double in size The US Affordable Care Act largely banned new physicianowned hospitals over concerns about conflicts of inter..

Tri-City Healthcare District and UC San Diego Health enter into an Exclusive Affiliation

Thursday, October 15, 2015

UC San Diego Health and TriCity Healthcare District announced today that they have entered into an exclusive longterm strategic affiliation designed to enhance the delivery of high quality health care to patients in North San Diego County We are pleased to be aligned with UC San Diego Health a nati..

South Africa's Mediclinic agrees to buy UAE's Al Noor Hospitals

Wednesday, October 14, 2015

South Africa39s Mediclinic Intl on Wednesday agreed to buy United Arab Emirates39 Al Noor Hospitals Group beating out rival NMC Health The deal will create a group spanning southern Africa Switzerland and UAE Investors in Londonlisted Al Noor will be eligible to receive 1160 pence per share if th..

MTS Health Investors sells DNA Diagnostics Center for $110 Million

Wednesday, October 14, 2015

MTS Health Investors LLC MTS the New Yorkbased healthcare private equity firm announced today that it has successfully completed the sale of its portfolio company DNA Diagnostics Center DDC or the Company to GHO Capital for 110 million DDC is a market leading diagnostics business and is one of the ..

Novation awards new agreement to Medline for Medical Device Reprocessing

Wednesday, October 14, 2015

Medline a global medical supplies distributor and manufacturer today announced a new agreement with Novation a leading health care services company serving the members and affiliates of VHA Inc UHC Children39s Hospital Association and Provista LLC The agreement is expected to help members serviced b..

Fullerton Healthcare said to plan $300 Million IPO in Singapore

Tuesday, October 13, 2015

Fullerton Healthcare Corp a provider of medical services to corporate workers in Asia is planning an initial public offering in Singapore people with knowledge of the matter said The Singaporebased company is working with JPMorgan Chase Co Morgan Stanley and UBS Group AG on a share sale that may t..

Varian Medical Systems receives CE Mark for its Latest ProBeam® Proton Therapy System

Tuesday, October 13, 2015

Varian Medical Systems has received CE Mark for its latest ProBeam proton therapy system The CE Mark allows Varian to begin installation of the newest version of its ProBeam system in the European Union Proton therapy makes it possible to treat certain types of cancer more precisely and with poten..

CorVascular and Vasamed enter into Collaboration and Distribution agreement for Peripheral Vascular Diagnostic Systems

Tuesday, October 13, 2015

CorVascular Diagnostics LLC a Minneapolisbased medical technology company that designs and distributes advanced peripheral vascular diagnostic solutions announced today it has entered into a collaboration and distribution agreement with Vasamed Incorporated a company dedicated to producing devices s..

Aster DM Healthcare buys Saudi's Sanad hospital for Rs 1.6k crore

Monday, October 12, 2015

In one of the largest healthcare deals in West Asia Dubaibased Indian billionaire Dr Azad Moopen has acquired majority stake in Sanad hospital in Riyadh Saudi Arabia for Rs 1600 crore Aster DM Healthcare Moopen39s company bought the additional 57 per cent from a Saudi partner to up total stake to 97..

Mayo Clinic and St. Vincent's HealthCare Collaborate's to expand its cancer care services

Monday, October 12, 2015

As Baptist Health prepares to open an MD Andersonbranded cancer care center on its Jacksonville campus later this month competing local provider St Vincents HealthCare has announced it will partner with Mayo Clinic to expand its cancer care services by the summer of 2016 Though the move could easil..

Nestle spends $70 million on U.S. health science hub

Saturday, October 10, 2015

Nestle39s health science division is investing 70 million in a product technology center that will become the unit39s new US headquarters and research hub the division said on Friday The Bridgewater New Jersey center will further Nestle39s healthcare push as the Swiss company delves deeper into nut..

St. Jude Medical completes acquisition of Thoratec

Friday, October 09, 2015

St Jude Medical Inc a global medical device company today announced it has completed the previously announced acquisition of Thoratec Corporation a worldwide leader in mechanical circulatory support MCS technology for the treatment of advanced heart failure HF The acquisition will add the HeartMate..

Fortis-owned SRL Diagnostics plans Rs 1,250-crore share sale

Friday, October 09, 2015

India39s largest pathology chain SRL Diagnostics majority owned by Fortis Healthcare has started a large stake sale process attracting interest from sovereign wealth funds and bulgebracket private equity firms SRL has roped in investment bank Moelis Co to advise on at least 200million around Rs 125..

Mevion Medical Systems to install a Proton Therapy System in Switzerland

Friday, October 09, 2015

Mevion Medical Systems industryleading cancer fighting technology is coming to the prestigious Centre Hospitalier Universitaire Vaudois CHUV in Lausanne Switzerland A MEVION S250 proton therapy system is being purchased by Swissbased Innovative Care SA IC and will be installed at the CHUV through a ..

Humana and HealthCare Partners further accountable care partnership in Nevada

Friday, October 09, 2015

After successfully launching an Accountable Care arrangement and population health management partnership last fall Humana Inc NYSE HUM and HealthCare Partners Nevada a division of DaVita HealthCare Partners Inc NYSE DVA will further solidify the partnership by opening two new primary care practices..

China to spend $1.5 bln to subsidize hospital reform in 2016

Thursday, October 08, 2015

China will spend 98 billion yuan 154 billion to subsidize public hospital reform next year the Ministry of Finance said in a statement on Thursday as the country looks to overhaul its creaking national healthcare system China39s government which has been struggling with overcrowded city hospitals s..

Temasek-TPG, Abraaj Capital vie to acquire Care Hospitals

Thursday, October 08, 2015

Temasek Holding along with TPG Growth and Abraaj Capital are vying to acquire multispecialty healthcare chain Care Hospitals in a deal estimated at 270 million Rs 1700 crore The two competing bids are in a close race after majority owner and private equity investor Advent International decided to se..

Apollo’s clinic arm plans to raise up to Rs 500 crore from PE cos

Thursday, October 08, 2015

Apollo Health and Lifestyle Ltd a wholly owned subsidiary of Apollo Hospital Enterprise Ltd is looking to raise Rs 300500 crore funding from private equity players for its expansion We are definitely looking at capital raise and we will do this shortly Sangita Reddy joint managing director at Apoll..

AMN Healthcare completes the acquisition of MillicanSolutions

Wednesday, October 07, 2015

AMN Healthcare Services Inc the nation39s leader and innovator in healthcare workforce solutions and staffing services today announced the completion of its acquisition of MillicanSolutions a wellrespected physician and executive leadership search firm focused on serving academic medical centers and..

The Children's Hospital of Philadelphia Opens New Specialty Care and Ambulatory Surgery Center in Glen Mills

Wednesday, October 07, 2015

The Children39s Hospital of Philadelphia CHOP today celebrated the grand opening of the Brandywine Valley Specialty Care and Ambulatory Surgery Center a new 44000squarefoot facility in Glen Mills Pa The new Center located at 819 Baltimore Pike features more than 20 medical and surgical subspecialtie..

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