Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Raffles Medical Sees 2.4% Rise in Full-Year Profit, Proposes 1-to-3 Share Split

Monday, February 22, 2016

Raffles Medical Group posted a 24 per cent increase in its net profit for the full 2015 financial year to S693 million from S676 million a year ago The medical group also announced on Monday it was proposing a 3for1 stock split Excluding a fair value gain on investment properties of S15 million in..

OvaGene Oncology Announces Acquisition of Etta Healthcare

Saturday, February 20, 2016

OvaGene Oncology Inc announced the acquisition of Etta Healthcare Through this acquisition OvaGene will provide physicians with simpletouse rapid pointofcare molecular diagnostic tests on a novel patented pointofcare system The system will allow healthcare professionals to perform multiplexed molecu..

Tidelands Health Seeking OK to Build Surgery Center in Georgetown

Saturday, February 20, 2016

Tidelands Health is seeking state approval to build a 41 million stateoftheart surgery pavilion at Tidelands Georgetown Memorial Hospital The 43500squarefoot structure which will be attached to the existing hospital building on Black River Road will replace the hospitals existing surgery suites and..

IBM to acquire Truven Health Analytics for $2.6 billion

Friday, February 19, 2016

International Business Machines Corp said on Thursday it plans to acquire Truven Health Analytics a provider of healthcare data and analytics for 26 billion marking its fourth major health datarelated deal in the past year IBM said Truven will bring more than 8500 clients including US federal and s..

UAE's Aster DM Healthcare plans stake sale via listing, private deal

Friday, February 19, 2016

United Arab Emiratesbased Aster DM Healthcare is seeking to sell a minority stake this year either through a stock market flotation or a deal with a private investor its chairman told Reuters on Thursday The company runs hospitals clinics and pharmacies across the Gulf and India and is benefiting f..

WHO seeks $56 million for Zika; Brazil microcephaly cases rise

Friday, February 19, 2016

The World Health Organization WHO called on Wednesday for 56 million to combat the Zika virus a disease that has been linked to severe birth defects in Brazil and has spread to nearly 30 countries and territories The funds sought would be used until June to fasttrack vaccines carry out diagnostics ..

Kindred and Select Medical Holdings Corporation Agree to Acquire Hospitals from Each Other

Friday, February 19, 2016

Kindred Healthcare Inc announced that it has signed a definitive agreement to sell four of its transitional care hospitals licensed as longterm acute care and acquire five LTAC hospitals currently operated by Select Medical Holdings Corporation Kindred will acquire leased hospitals in Indianapolis ..

Parasol Medical Introduces drysmart® Incontinence Pad

Thursday, February 18, 2016

Parasol Medical has developed the drysmart incontinence pad a revolutionary realtime incontinence monitoring product that gives clinicians early warning to prevent eliminationrelated patient falls The drysmart pad is an integral part of the Parasol Patient Fall Prevention System the only fall preve..

Veterans' Hospital in Cincinnati Faces Scrutiny After Report

Thursday, February 18, 2016

US Republican Senator Rob Portman on Wednesday asked an independent watchdog to look into deeply disturbing allegations of poor care and conflicts of interest at a Veterans Affairs hospital in his home state of Ohio The allegations are the latest problem for a scandalplagued agency that has become ..

PerkinElmer Opens New Diagnostics Facility in Chennai, India

Thursday, February 18, 2016

PerkinElmer Inc a global leader focused on improving the health and safety of people and the environment has expanded its footprint in India with the opening of a new diagnostics facility in Chennai Tamil Nadu The laboratory will provide a comprehensive menu of diagnostic screening services to hospi..

Terumo Cardiovascular Group Introduces the CAPIOX® FX Advance Oxygenator

Thursday, February 18, 2016

Terumo Cardiovascular Group Terumo CV Group introduces the newest addition to the CAPIOX Oxygenator portfolio the CAPIOX FX Advance Oxygenator The CAPIOX FX Advance replaces the current CAPIOX FX15 and FX25 line of oxygenators manufactured in Elkton Maryland Terumo Cardiovascular Group was the fir..

Mölnlycke Health Care acquires Sundance Solutions, establishing a leadership position in pressure ulcer prevention

Wednesday, February 17, 2016

Mlnlycke Health Care a worldleading provider of highquality healthcare solutions announced today the acquisition of Sundance Solutions a leader in developing innovative solutions for the safe positioning and turning of patients to help prevent pressure ulcers Sundance39s proprietary solutions inclu..

Agfa Gevaert to supply East Lancashire Hospitals with DR units

Wednesday, February 17, 2016

Agfa Gevaert NV announces that the East Lancashire Hospitals NHS Trust has chosen two DXD 100 mobile direct radiography DR units for the Burnley Hospital and Royal Blackburn Hospital Source reuterscom ..

Dekalb Endoscopy Center Acquired by Physicians Endoscopy

Wednesday, February 17, 2016

Physicians Endoscopy LLC along with the physicians of Dekalb Gastroenterology Associates LLC are pleased to announce on December 31 2015 the two organizations finalized a joint venture relationship PE leader in the development and management of GI singlespecialty ambulatory surgery centers acquired..

Medical device maker Stryker to buy Physio-Control for $1.28 bln

Tuesday, February 16, 2016

Medical device maker Stryker Corp said it would buy PhysioControl International Inc for 128 billion in cash to expand its emergency medical services business PhysioControl is a unit of Bain Capital Private Equity and develops cardiac devices such as defibrillators Source reuterscom ..

3D ‘bioprinter’ produces bone, muscle, and cartilage

Tuesday, February 16, 2016

A new method of 3D printing can produce humansized bone muscle and cartilage templates that survive when implanted into animals researchers report It has been challenging to produce human scale tissues with 3D printing because larger tissues require additional nutrition Dr Anthony Atala from Wake F..

Russia reports first case of person infected with Zika virus

Tuesday, February 16, 2016

Russia has registered its first case of a person infected with the Zika virus after a tourist contracted the disease in the Dominican Republic Russian Health Minister Veronika Skvortsova said on Monday The first infection with Zika has been recorded This is a 36year old Russian woman who was in the..

3D Mini Brains That Can Be Used To Study Alzheimer's Disease Developed

Monday, February 15, 2016

Scientists have developed tiny 3D 39minibrains39 that they claim mimic some of the human brain39s structures and functionality and can be used to study diseases such as Alzheimer39s and autism The creation of these 39minibrains39 could dramatically change how new drugs are tested for effectiveness ..

Quebec Health Minister Promises Lachine Hospital Expansion

Saturday, February 13, 2016

Quebec Health Minister Gaetan Barrette promised the Lachine Hospital would be expanded with work beginning in 2018 Barrette was at the hospital for the inauguration of its new dialysis unit and took the opportunity to make the announcement which was heartily applauded by staff attending the event ..

HCA North Texas Buying Bankrupt Forest Park Hospital in $96M Deal

Friday, February 12, 2016

HCA North Texas will buy Forest Park Medical Centers Frisco hospital for more than 96 million in what is expected to be the first in a string ownership changes for the ailing Dallasbased physicianowned system The Irvingbased subsidiary of the Hospital Corporation of America agreed to a cash purchas..