Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Hospital Software Group Oneview Healthcare in €40m IPO

Thursday, March 17, 2016

Irish medical device company Oneview Healthcare has raised 40 million in a initial public offering on the Australian Stock Market The St Patricks Day float sees the company valued at 140 million in what it said was a heavily oversubscribed IPO The shares were listed at 358 Australian dollars apiece..

Envision Healthcare Enters Agreement to Acquire Michigan Physician Group

Wednesday, March 16, 2016

Envision Healthcare Holdings Inc announces a definitive agreement to acquire Emergency Physicians Medical Group EPMG based in Ann Arbor MI whose more than 500 clinical providers staff 37 facilities in Michigan Illinois Indiana Ohio Iowa and Delaware EPMG is expected to contribute annualized net reve..

Waupun Memorial Hospital to Expand with $23 million Investment

Wednesday, March 16, 2016

A 23 million dollar expansion project of Waupun Memorial Hospital to develop new private patient rooms will start next month The project involves constructing a twostory 52775squarefoot addition on the north side of the hospital facing Main Street The first floor will be utilized for some support s..

KKR Leads $45 Million Investment in Medical Device Maker

Wednesday, March 16, 2016

Private equity firm KKR Co LP KKRN said on Tuesday it is investing 45 million into Californiabased medical device maker Spirox Inc with a group of other investors the latest in a string of similar deals in the sector KKR led the latest round of financing that included investors such as venture cap..

GE Healthcare JV rolls out digital pathology software for cancer diagnosis

Wednesday, March 16, 2016

GE Healthcare GE is rolling out digital pathology software that could help doctors diagnose cancer more quickly The move comes a few months after GE launched cloudbased radiology apps to give healthcare providers more options for analysis and data storage Omnyx a joint venture between GE Healthcare..

Group Health members vote to support Kaiser Permanente acquisition

Tuesday, March 15, 2016

Group Health voting members agreed Saturday to the 18 billion acquisition by Oakland Californiabased Kaiser Permanente that was announced in December Of the about 27000 members of Group Health who were eligible to vote 8824 voted in support and 1586 voted against the deal The ballots were mailed in..

Medical group gets first business license in the country

Tuesday, March 15, 2016

A medical group received approval to be registered in Shenzhen last Friday in what is seen as a major step in medical reform Best uniMed becomes the first medical group in the country to have got business license so far Medical group a kind of organization consisting of medical teams was once forb..

HealthTell Inc. Completes a $26 Million Series B Financing

Tuesday, March 15, 2016

HealthTell Inc announced today the successful close of their Series B financing Since their incorporation in 2012 HealthTell has been laying the groundwork for a series of nextgeneration diagnostic tests The Series B funding will allow the company to begin commercializing panels of tests for autoimm..

Sectra says will supply IT solutions to London hospitals

Tuesday, March 15, 2016

Sectra Ab Says has signed a ten year contract to supply a fully hosted private health cloud service for radiology breast imaging and a wide range of other medical imaging to Guy39s and St Thomas39 NHS Foundation Trust in London Source reuterscom ..

Apollo Hospitals acquires 51% stake in Assam Hospitals, India

Monday, March 14, 2016

Apollo Hospitals Enterprise Ltd AHEL said that it has completed the acquisition of the majority stake in Guwahati based Assam Hospitals Ltd The company announced the acquisition of 51 per cent stake in the company for Rs 5725 croreon June 2 2015 The cash consideration of Rs 5725 crore will be util..

Malaysia Welcomes Investment in Medical Devices

Monday, March 14, 2016

Malaysia is aiming to become a regional leader in health care as it pushes its industrial economy toward a knowledgebased one Under the 11th Malaysia Plan for national development 201620 the medical device industry was identified as key to rapid growth alongside the aerospace chemical electronics a..

Ascension's Ministry Health Care agrees to sell Marshfield hospital, buy Weston medical center

Saturday, March 12, 2016

Ascension Wisconsin39s Ministry Health Care division has reached a tentative agreement to sell its hospital in Marshfield to the Marshfield Clinic Health System while acquiring full ownership of a medical center near Wausau The deal puts the Marshfield Clinic39s plans to build a new 175 million hos..

Trinity Health will Centralize Control of its Medical Supply Chain

Friday, March 11, 2016

Trinity Health one of the countrys largest Catholic healthcare systems is taking greater control of its supply chain by building its own distribution network The new setup which starts with a distribution hub in Fort Wayne Ind would cut 20 million a year in costs the health system said this week Th..

McKesson Corporation Invests $157 Million on Operations Center Expansion in Irving, Texas

Friday, March 11, 2016

A Healthcare services and information technology company McKesson Corporation will consolidate and expand its operations in the Dallas metro area and open a new regional office in Irving Texas McKessons expansion is projected to create at least 975 new jobs and 157 million in capital investment in T..

Avita Medical Signs Distributor Deal With China's Largest Healthcare Group

Friday, March 11, 2016

Avita Medical Ltd a regenerative medicine company specialising in new treatments for wounds and skin defects has signed an exclusive distribution deal for China with the country39s leading healthcare group Sinopharm The deal signed in Beijing on Thursday with Sinopharm39s MedTech subsidiary grants ..

Genesis HealthCare signs agreement to sell Home Health And Hospice Operations

Thursday, March 10, 2016

Genesis HealthCare Genesis one of the nation39s largest providers of postacute care today announced that it has signed an agreement with Compassus a nationwide network of communitybased hospice and palliative care programs to sell the majority of Genesis39 home health and hospice operations for 84 m..

Puritan Solidifies its Position in Flocked Swab Technology with Two New US Patents

Thursday, March 10, 2016

Puritan Medical Products Co LLC an American manufacturer of singleuse medical diagnostic forensic and critical environment products for the global market was awarded two US patents for their HydraFlock and PurFlock Ultra swabs issued March 1 and 8 respectively The patent numbers are as follows Hyd..

Senate Committee Approves Legislation to Speed Approval of Medical Devices

Thursday, March 10, 2016

A Senate committee Wednesday approved a slate of bills that would relax requirements for approval of medical devices by the Food and Drug Administration part of a larger effort aimed at speeding up the regulatory process and boosting medical research Most of the measures were approved with bipartis..

Carolinas HealthCare eyes $150M investment in cancer care

Wednesday, March 09, 2016

Carolinas HealthCare System plans to invest an additional 150 million into cancer care in the Charlotte region The Charlotte healthcare systems board approved a project on Tuesday that will more than double the size of the Levine Cancer Institute The cancer institute is on the campus of Carolinas ..

Canon closes in on Toshiba's medical unit after fierce bidding

Wednesday, March 09, 2016

Toshiba Corp has granted Canon Inc exclusive negotiating rights for its medical equipment unit after a hotly contested auction with a report putting Canon39s offer at more than 700 billion yen 62 billion The conglomerate put Toshiba Medical Systems Corp on the block to help fund restructuring after..