Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Philips Canada launches new full featured and cost-effective two-in-one life support ventilator

Saturday, May 30, 2015

Royal Philips announced the Canadian launch of the Philips Respironics V680 Ventilator for hospital respiratory care offering both invasive and noninvasive ventilation The Philips Respironics V680 Ventilator was recently unveiled at the Canadian Society of Respiratory Therapists Annual Conference in..

Children's Hospital Colorado launches $400 million fundraising campaign for pediatric research

Friday, May 29, 2015

Childrens Hospital Colorado launched the largest fundraising campaign in its history Thursday hoping to bring in 400 million for pediatric research clinicalcare improvements and statewide partnerships and initiatives The scope of Courage Is The Campaign to Transform Childrens Health outstrips even..

Johnson and Johnson under FBI scanner over possibilities of surgical device power morcellator spreading cancer

Friday, May 29, 2015

The FBI is investigating whether Johnson and Johnson was aware that a surgical device it manufactured could spread cancer in the women on whom it is used The FBI is investigating whether Johnson and Johnson was aware that a surgical device it manufactured could spread cancer in the women on whom it..

Lehigh Valley Health Network to expand geographic reach with Pocono Health System deal

Friday, May 29, 2015

Lehigh Valley Health Network the growing system in Allentown Pa would expand its geographic reach under a tentative deal with the Pocono Health System based in Tobyhanna Pa The deal would add that system39s Pocono Medical Center in East Stroudsburg Pa roughly an hour39s drive northeast of Lehigh Va..

Medical equipment supplier Becton, Dickinson & Co explores the sale of V. Mueller surgical instruments business

Friday, May 29, 2015

Medical equipment supplier Becton Dickinson Co is exploring a sale of its V Mueller surgical instruments business following its 12 billion acquisition of peer CareFusion Corp according to people familiar with the matter Franklin Lakes New Jerseybased has hired investment bank JPMorgan Chase Co to..

Buyout group Cinven to buy France's Labco for 1.2 bln euros

Thursday, May 28, 2015

European private equity firm Cinven has agreed to buy French medical diagnostics provider Labco SA for 12 billion euros 131 billion a person familiar with the deal told Reuters The deal could be announced as soon as Thursday the person said A buyout deal for Labco comes two weeks after the company..

Max Healthcare to acquire 76% stake in Pushpanjali Crosslay for Rs 287 crore

Thursday, May 28, 2015

Max Healthcare Institute Ltd MHC has inked agreements to acquire 76 per cent stake in NCRbased Pushpanjali Crosslay Hospital for Rs 287 crore Max Healthcare Institute Ltd has executed definitive agreements on May 28 2015 to acquire a controlling stake of 76 per cent in NCR based Pushpanjali Crossla..

San Jose based Medical device startup SI-Bone raises $21 million for back-pain treatment

Wednesday, May 27, 2015

Medical device company SIBONE raised 21 million in growth capital financing on Tuesday to treat lowerback pain In addition the company named a new chief financial officer former Auxogyn executive Laura Francis New investor Redline Capital Management led the round with participation from all existin..

Boston-based PureTech Health to raise $160 million from listing on London Stock Exchange for product development

Wednesday, May 27, 2015

Bostonbased PureTech Health plans to raise 160 million in a London listing filling its coffers to fund product development and delivering a vote of confidence in the British life sciences sector The move by the US health technology firm follows a similar decision by Californiabased drug discovery g..

Inditherm announces £7.2 million reverse takeover of Inspiration Healthcare

Wednesday, May 27, 2015

An awardwinning business supplying specialist devices for paediatric neonatal and adult intensive care is being lined up for a reverse takeover Inspiration Healthcare of Earl Shilton looks set to join forces with AIMlisted Rotherham medical equipment supplier Inditherm The reverse takeover will se..

Varian Medical Systems, Flatiron Health to Develop Cloud-based Oncology Software

Tuesday, May 26, 2015

Varian Medical Systems Inc and Flatiron Health inc said that under a strategic alliance they will develop the the next generation of cloudbased electronic health record or EHR data analytics and decision support software for cancer care providers around the world Together the companies will build u..

DENTSPLY International announces Lab Restructuring

Tuesday, May 26, 2015

DENTSPLY International Inc a global leader in professional dental products today announced that it has reached agreement with the applicable works councils in Germany to proceed with restructuring portions of its laboratory business consistent with its earlier announcement of September 17 2014 The r..

Inditherm plc announces proposed acquisition of Inspiration Healthcare

Tuesday, May 26, 2015

Inditherm Plc a provider of innovative specialized heating solutions Tuesday announced the proposed acquisition of the entire issued share capital of Inspiration Healthcare Limited a privately owned global medical device distribution company The acquisition is by way of a reverse takeover Inspirati..

ACT government funds Canberra and Calvary hospitals with $40 million to ease pressure on emergency departments

Monday, May 25, 2015

Canberra and Calvary hospitals to receive 40 million funding boost in ACT budget Bed capacity at Canberra39s two public hospitals will be boosted with a 40 million funding increase in next month39s ACT budget The ACT Government said it would mean an extra two intensive care beds and 16 acute beds ..

The UAE Cabinet supports to establish unified medical records for strengthening healthcare services

Monday, May 25, 2015

Cabinet endorses new initiative aims to facilitate movements of patients among healthcare providers The UAE Cabinet on Sunday endorsed the initiative to establish a national unified database of patients medical records in the UAE The initiative is one of the outcomes of the Cabinets Government Inno..

Malaysia's KPJ Healthcare eyes RM90 million health tourism revenue

Monday, May 25, 2015

KPJ Healthcare Bhd aims to increase its revenue from health tourism to RM90mil this year from RM78mil in 2014 says vicepresident 1 corporate and financial services Mohd Sahir Rahmat In 2013 the private healthcare provider posted revenue of RM6709mil for the sector To meet the target he said KPJ wo..

Infosys chalks out healthcare unit HILife from US subsidiary Infosys Public Services for $100 million

Monday, May 25, 2015

In what appears to be an effort to increase its focus on healthcare Infosys will transfer the healthcare business of its USbased whollyowned subsidiary Infosys Public Services to itself for a consideration of 100 million Rs 625 crore In its latest annual report Infosys said it has created a new bus..

Madison medical device company, Neuwave Medical Inc raises $25 million

Friday, May 22, 2015

Neuwave Medical Inc a Madison medical device company has raised 25 million of equity funding from 38 investors according to a document filed with the US Securities and Exchange Commission The funding brings to 728 the total amount the company has raised since May 2009 according to its SEC filings ..

China’s health reforms set to cut hospital drug dependecy

Friday, May 22, 2015

A key objective is to separate hospital and doctor incomes from pharmaceutical sales A planned reform of Chinas health sector is aimed at rooting out corruption and reducing the reliance by hospitals on drug prescriptions for income Chinese officials said on Friday National Health and Family Plann..

India's Defence Research and Development Establishment develops Kit to detect Swine Flu in hours

Friday, May 22, 2015

In a major breakthrough in detecting the deadly swine flu virus that killed around 2000 people in India in an outbreak this year a key military research centre has developed a kit that can detect the virus in a matter of hours While current tests to detect the swine flu virus takes two to three day..

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