Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

GE Healthcare and Uppsala BIO Form A New Partnership

Monday, May 16, 2016

GE Healthcare Life Sciences continues to invest in Uppsala The company signs a twoyear collaboration agreement with Uppsala BIO The goal is to find technologies and equipment that support the production and processing of biopharmaceuticals in the future Although we are a large international company ..

DiaSorin Completes Acquisition of the Focus Diagnostics' Molecular and Immunoassay Product Business from Quest Diagnostics

Monday, May 16, 2016

DiaSorin SpA announced the completion of the transaction to acquire the Focus Diagnostics39 immunodiagnostic and molecular diagnostic products business Focus from Quest Diagnostics NYSE DGX initiated with a binding purchase agreement signed on March 29 2016 DiaSorin paid to Quest Diagnostics 300 mi..

Biosensors announces strategic agreement with Cardinal Health

Friday, May 13, 2016

Biosensors International Group Ltd Has entered into a strategic distribution agreement with Cardinal Health Under agreement cardinal health39s interventional vascular business to sell biosensors family of des in european countries Under agreement cardinal health39s interventional vascular business..

Main Line Health breaks ground for $200 million expansion project at Bryn Mawr Hospital

Friday, May 13, 2016

Main Line Health and Bryn Mawr Hospital officials Wednesday morning broke ground for the start of a 200 million expansion project that will add private patient rooms surgical units and operating rooms to the hospital that will be celebrating its 150th anniversary at about the same time the work is c..

Republicans win Obamacare legal challenge, add to insurer concerns

Friday, May 13, 2016

A US judge on Thursday handed a victory to congressional Republicans who challenged President Barack Obama39s signature healthcare law ruling that his administration overstepped its constitutional powers relating to government spending US District Judge Rosemary Collyer based in Washington ruled th..

Biostage regenerates esophagus in pre-clinical work with Mayo Clinic

Friday, May 13, 2016

Biostage Says biostage currently expects to complete its ind filing by yearend 2016 Successfully Regenerates Esophagus In Groundbreaking PreClinical work with mayo clinic data provides 39proof of concept39 to seek fda approval for clinical trials Source reuterscom ..

Abraaj to Spend $500 Mln Growing African Hospital Business

Thursday, May 12, 2016

Dubaibased emerging market investment fund Abraaj will spend up to 500 million in startup capital for a midtier hospital business in Africa tapping into demand from the continent39s emerging middle classes an executive said on Wednesday Abraaj partner Sev Vettivetpillai said the group was well on t..

Warburg Pincus Invests in Shanghai-based OB/GYN Hospital Company

Thursday, May 12, 2016

Warburg Pincus a leading global private equity firm focused on growth investing today announced that an affiliate of the firm has completed an investment in UIB an emerging obstetrics gynecology OBGYN and pediatrics hospital chain in Shanghai UIB currently owns the UIB International Postpartum Care ..

U.S. FTC loses bid to stop Pennsylvania hospital deal

Thursday, May 12, 2016

A federal judge has ruled that two Pennsylvania hospital systems may proceed with a planned merger refusing to order a preliminary injunction sought by the Federal Trade Commission US District Judge John Jones of the US District Court for the Middle District of Pennsylvania on Monday said that the ..

State approves UChicago Medicine’s expansion plan

Thursday, May 12, 2016

The Illinois Health Facilities and Services Review Board on May 10 unanimously approved the University of Chicago Medicine39s application to expand access to emergency adult trauma and specialty care on the South Side With this regulatory approval UChicago Medicine can begin construction of a new a..

Epic Health buys Rehabilitation Associates

Wednesday, May 11, 2016

Epic Health Services Inc a portfolio company of Webster Capital and Dallasbased provider of pediatric skilled nursing therapy developmental enteral and respiratory services announced today that it has acquired Rehabilitation Associates Based in Virginia Beach Virginia Rehabilitation Associates is th..

Merit Medical says signed distribution deal with Japan's Piolax Medical Devices

Wednesday, May 11, 2016

Merit Medical Systems Inc Signed distribution deal with Piolax Medical Devices of Yokohama Japan for labyrinth noah micro guide wire Merit intends to begin registration procedures immediately with a goal of introduction in late 2016 Source reuterscom ..

Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship

Wednesday, May 11, 2016

Heritage Valley Health System today announced an innovative strategic alliance with GE Healthcare aimed to propel the health systems momentum of obtaining advanced medical equipment over the next 14 years Heritage Valley Health System and GE Healthcare entered an agreement that initially includes n..

State Panel To Consider University Of Chicago Hospital Expansion

Wednesday, May 11, 2016

Officials at the University of Chicago were going before a state review board on Tuesday seeking approval of their plan to add an adult trauma center and more patient beds to their medical center campus in Hyde Park The initial proposal called for three things a level one adult trauma center reloca..

The Ensign Group Acquires Hospice Operation in Wright County, Iowa

Tuesday, May 10, 2016

The Ensign Group Inc the parent company of the Ensign group of skilled nursing rehabilitative care services home health care hospice care assisted living and urgent care companies announced today that Cornerstone Healthcare Inc Ensign39s home health and hospice portfolio subsidiary acquired the asse..

Instrumentation Laboratory Launches HemosIL® Apixaban Testing Solution in Europe

Tuesday, May 10, 2016

Instrumentation Laboratory announced the commercialization of their HemosIL Apixaban Testing Solution in Europe The HemosIL Liquid AntiXa assay when used in conjunction with HemosIL Apixaban Calibrators and Controls offers an automated solution for measurement of apixaban a direct oral anticoagulant..

Covenant Care Acquires Peoples Home Health

Tuesday, May 10, 2016

Covenant Care today announced a significant expansion of its services with the acquisition of Pensacolabased Peoples Home Health a Medicarecertified home health provider serving Escambia Santa Rosa Okaloosa and Walton counties in Florida This transaction demonstrates Covenant Cares commitment to exp..

Saudi-Canadian PPP to Build $133m Hospital

Monday, May 09, 2016

King Saud University is partnering with a Canadian company to establish the first public private collaboration in the health sector it has been reported The 1333m SAR500m hospital to be built within a years time will have a capacity for 120 beds cover all specialisations and earn King Saud Universi..

Billionaire Radiologist Shamsheer Vayalil in Healthcare M&A Talks

Monday, May 09, 2016

Abu Dhabiheadquartered hospital chain VPS Healthcare owned by radiologistturnedentrepreneur Shamsheer Vayalil soninlaw of Indiaborn Middle East tycoon M A Yusuf Ali is the latest to trigger consolidation moves in the domestic healthcare services sector VPS which has built 1billion revenue operations..

Health insurer Cigna reports better-than-expected profit

Saturday, May 07, 2016

US health insurer Cigna Corp which is being bought by larger rival Anthem Inc ANTMN reported a betterthanexpected quarterly profit as more customers signed up for its Medicare Advantage business boosting premiums Memberships in Cigna39s government business which sells Medicare and Medicaid plans ro..

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