Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Actavis hormonal contraceptive device wins FDA approval

Saturday, February 28, 2015

The US Food and Drug Administration approved a hormonal contraceptive device on Friday that gives American women another reversible contraceptive choice as effective as sterilization The intrauterine device IUD device Liletta releases the hormone levonorgestrel to inhibit thickening of the womb lin..

Carolinas HealthCare to extend benefits if UnitedHealthcare contract talks fail

Friday, February 27, 2015

As the end of its contract with UnitedHealthcare approaches Carolinas HealthCare System said Thursday that an agreement may not be reached by the deadline Saturday If that happens hospital officials say theyll continue to provide care for UnitedHealthcare patients at least for the next two or thre..

Arsenal Capital Management invests in Ohio health care startup

Friday, February 27, 2015

Arsenal Capital Management ACM the St Louisbased venture capital firm led by Pete Reinecke has invested 750000 in an Ohiobased IT startup redesigning the discharge and care transition process for hospitals and patients Helping patients achieve a better outcome while lowering readmission risk and th..

TPG Capital Management to acquire stake in India's Manipal Health for $146 mln

Friday, February 27, 2015

US private equity fund TPG Capital Management will buy a significant minority stake in Indian private hospital operator Manipal Health Enterprises Ltd for 9 billion rupees 14586 million the companies said in a joint statement on Thursday Manipal Health part of Manipal Education and Medical Group ow..

Medical device maker Cyberonics to buy Italy's Sorin

Thursday, February 26, 2015

United Statesbased medical device maker Cyberonics Inc CYBXO has agreed to buy Sorin SpA SORNMI in an allstock deal that the Italian company said values it at about 14 billion The new group will bring together two global leaders in the growing markets of cardiac surgery and neuromodulation with a c..

Univera Healthcare awards $26Million to Western New York hospitals for quality improvements

Thursday, February 26, 2015

More than a dozen Western New York hospitals will receive millions back in quality improvement incentive payments from Univera Healthcare through its hospital performance incentive program The heath plan and its Rochesterbased parent Excellus Healthcare awarded 26 million to 45 hospitals and health..

SpecialtyCare enters Agreement to Acquire ProNerve

Wednesday, February 25, 2015

SpecialtyCare a leading provider of outsourced operating room clinical services and ProNerve an intraoperative neuromonitoring IONM company announced today that SpecialtyCare has signed an asset purchase agreement to acquire ProNerve Upon completion of the transaction ProNerves nearly 200 associates..

Personal Genome Diagnostics Aims for FDA Clearance of NGS-based Cancer Products

Wednesday, February 25, 2015

John Hopkins University spinout Personal Genome Diagnostics plans to develop cancer diagnostic products that it will bring through US Food and Drug Administration clearance At last week39s Molecular Medicine TriConference in San Francisco PGDx Founder and CSO Victor Velculescu told GenomeWeb that t..

Cantel Medical acquires DentaPure® Dental Waterline Disinfection System

Tuesday, February 24, 2015

CANTEL MEDICAL CORP further expanded its infection prevention and control portfolio with the acquisition of MRLB International the manufacturer of the DentaPure product line for 10 million in cash consideration The DentaPure product line is a proprietary iodinated resin filter cartridge system used ..

MRIGlobal wins $14.8 million contract to develop Whole Genome Sequencing Diagnostic System

Tuesday, February 24, 2015

MRIGlobal today announced that it has been awarded a 148 million contract to develop an endtoend next generation sequencing system for clinical diagnosis of infectious diseases MRIGlobal39s proposed SampletoSequence system will take clinical samples blood or saliva for example and generate highqual..

MTS Health Investors, LLC completes Sale of Loving Care Agency

Monday, February 23, 2015

MTS Health Investors LLC a leading healthcarefocused private equity firm announced that it has completed the sale of its portfolio company Loving Care Agency LCA and its parent holding company to Epic Health Services Inc Based in Hasbrouck Heights NJ LCA provides skilled nursing services across seve..

Celimmune Founded to Develop Novel Therapeutics for Celiac and Other Serious Autoimmune Diseases

Monday, February 23, 2015

Celimmune LLC a clinical developmentstage immunotherapy company targeting autoimmunity and inflammation today announced that it will initially focus its distinctive core competence in translational medicine immunotherapy clinical development and commercialization on combating celiac disease Experie..

Marshfield Clinic plans $175 million 'hospital of the future' in MA

Saturday, February 21, 2015

Marshfield Clinic officials are developing plans to build a cuttingedge 175 millionplus health care facility in Marshfield The plan pending approval of the Marshfield Clinic board of directors would involve constructing a tertiary care site relatively close to the current Marshfield Clinic locati..

Apollo Hospitals and The Republic of Macedonia Sign Memorandum of Understanding (MOU) to Develop Healthcare Services

Friday, February 20, 2015

Apollo Hospitals Group and The Republic of Macedonia signed a farreaching agreement that will raise the standards of healthcare for the reformist Republic and the region Ms Anne Marie Moncure CEO Southern Region Apollo Hospitals Group and His Excellency Toni Atanasovski Ambassador of the Republic of..

Genmab enters Commercial DuoBody Technology agreement with BioNovion in the Field of Immuno-Oncology

Friday, February 20, 2015

Genmab AS announced it has entered a codevelopment and commercialization agreement with BioNovion to evaluate a number of DuoBody product candidates targeting immune checkpoints Genmab and BioNovion will contribute panels of antibodies for the creation of bispecific antibody products using Genmab39s..

Anthem, Inc. completes acquisition of Simply Healthcare Holdings, Inc.

Thursday, February 19, 2015

Anthem Inc announced the completion of its acquisition of Simply Healthcare Holdings Inc Simply Healthcare a leading managed care company for people enrolled in Medicaid and Medicare programs in the state of Florida The addition of Simply Healthcare to our family of companies grows our presence and..

GE Facilitates $550M Credit to Genesis Healthcare

Thursday, February 19, 2015

GE Capitals Healthcare Financial Services HFS business a part of General Electric Company GE recently served as an administrative agent to provide a 550 million revolving line of credit to Genesis Healthcare Inc Headquartered in Pennsylvania the healthcare service provider will utilize the proceeds ..

Agilvax announces Strategic Collaboration with Humabs BioMed SA to Develop Targeted Vaccines and Immunotherapies

Wednesday, February 18, 2015

Agilvax Inc announced a collaboration with Switzerland based Humabs BioMed that will contribute to the rapid advancement of Agilvax39s ever expanding vaccine and immunotherapy pipeline Humabs BioMed has established itself as an innovator and leader in the development of human monoclonal antibodies A..

Partners HealthCare Drops Bid to acquire South Shore Hospital

Wednesday, February 18, 2015

Partners HealthCare is withdrawing its bid to acquire South Shore Hospital state Attorney General Maura Healeys office announced Tuesday The move comes less than a month after a judge rejected a deal Partners had struck with former Attorney General Martha Coakleys office that would have allowed Par..

Boston Scientific to pay Johnson & Johnson $600 mln to settle Guidant suit

Wednesday, February 18, 2015

Medical device maker Boston Scientific Corp on Tuesday said it has agreed to pay 600 million to Johnson Johnson to settle a longrunning lawsuit over Boston Scientific39s 2005 acquisition of rival Guidant JJ had sought more than 7 billion in damages after it lost a bidding war to Boston Scientific ..