Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

India to set up regulator to oversee $4 billion medical device industry

Friday, June 12, 2015

India plans to set up a regulator to oversee the country39s 4 billion medical device industry according to a draft policy released this month the country39s first effort to regulate an industry that covers everything from thermometers to prostheses The policy document welcomed by many in the indust..

HealthSouth to acquire rehab hospital operator Reliant Hospital Partners for $730 million

Friday, June 12, 2015

HealthSouth Corp HLSN said it would buy a private rehabilitation hospital operator for 730 million in cash to take its postacute care business into new markets The company39s shares rose as much as 10 percent in morning trading on the New York Stock Exchange on Thursday The acquisition of Reliant ..

Swedish healthcare provider Capio seeks $825 mln Stockholm listing

Friday, June 12, 2015

Capio to get market capitalisation of 685 bln SEK 825 mln Company to list on or around June 30 Shares offered at 4850 crowns apiece Four funds have committed to buy stakes Adds company comment details on listing The owners of Sweden39s Capio plan to list the healthcare provider on the Stockholm..

Cardinal Health opens $30 million medical products distribution plant in Detroit

Thursday, June 11, 2015

The longawaited official opening of Cardinal Health Incs 30 million medical products distribution center is slated for Wednesday at 1030 am in downtown Detroit Top officials of Cardinal Henry Ford Health System and Detroit Medical Center which collaborated with Cardinal Health on the 275000squarefo..

Tokio Marine to buy medical stop loss insurance provider HCC Insurance for $7.5 billion

Wednesday, June 10, 2015

Purchase is biggest ever overseas deal by Japanese nonlife insurer Tokio Marine Holdings Inc said Wednesday that it has agreed to buy HCC Insurance Holdings Inc for 75 billion in the biggest overseas deal ever made by a Japanese nonlife insurance company HCC Insurance is a provider of medical stop..

Bayer sells Diabetes Care business to Panasonic Healthcare for $1.15 billion

Wednesday, June 10, 2015

Bayer BAYGnDE has agreed to sell its Diabetes Care business to Panasonic Healthcare Holdings backed by KKR KKRN and Panasonic Corp 6752T for 102 billion euros 115 billion the company said on Wednesday The deal expected to be completed in the first quarter of 2016 marks Bayer39s second attempt to di..

NorthStar Healthcare buys U.S. Senior Homes for $640 million

Wednesday, June 10, 2015

NorthStar Healthcare Income Inc bought seniorcare communities with about 4000 homes from Bahrainbased Arcapita Bank BSC for about 640 million The properties located across the US are managed by Watermark Retirement Communities Inc according to an Arcapita statement Wednesday This transaction repre..

Quadria raises $304 mln for healthcare in Asia

Wednesday, June 10, 2015

Singaporebased private equity firm Quadria Capital has raised304 million for healthcare investments in Asia the Straits Times quoted the company as saying The fund will be channeled towards high quality and scalable midsized healthcare companies that can cater to the masses at affordable prices it ..

Milestone Medical signs distribution deal with Moss S.p.A.

Wednesday, June 10, 2015

Milestone Medical Inc Signs an agreement with Moss SpA for distribution of the company39s epidural instrument in Italy Moss will be responsible for sales and marketing support Moss to hire 15 sales representatives dedicated to sale of the company39s product within first year Also plans to b..

Primary Health Care, Australia to receive up to $130 million in cash as tax refund

Tuesday, June 09, 2015

Primary Health Care will reap up to 130 million in cash refunds from the Australian Taxation Office after the tax authority ruled that payments the company made for medical practices are tax deductible The 26 billion healthcare business founded by Ed Bateman said on Tuesday that it expects to recei..

Franklin Square Capital Partners finances National Surgical Healthcare with $52.5 million

Tuesday, June 09, 2015

Franklin Square Capital Partners has provided 525 million in financing to National Surgical Healthcare which owns and operates surgical hospitals and ambulatory surgery centers in the US The capital infusion is backing NSHs acquisition of a majority stake in Optim Healthcare a provider of healthcare..

Lippo Group launches its first hospital in Myanmar as part of $1 billion spend plan for 20 hospitals

Monday, June 08, 2015

Lippo Group one of Indonesias largest conglomerates launched on Saturday its first hospital in Myanmar as part of the groups plan to spend 1 billion to build 20 hospitals in the country over the next three to five years The Mekongriver country serves as Lippos stepping stone in its expansion in the..

US-Israeli medical equipment company EndoChoice raises $96m in NYSE IPO

Monday, June 08, 2015

The main beneficiary of the medical device company39s IPO was Mori Arkin and Uri Geiger39s Accelmed with a 9 stake USIsraeli medical equipment company EndoChoice Holdings IncNYSEGI last Friday raised 96 million on the New York Stock Exchange at a company value of 366 million after money The offerin..

Jack Ma's Yunfeng Capital with others to invest $142million in China Resources Wandong Medical Equipment

Monday, June 08, 2015

Alibaba Group Holding founder Jack Ma is making further bets on Chinas healthcare sector Yunfeng Capital a private fund cofounded by Ma and other investors will pump 880 million yuan 142million in China Resources Wandong Medical Equipment a Beijingbased manufacturer of medical imaging devices Yunfe..

Construction of $49 million Clemmons Medical Center expansion to begin this year

Saturday, June 06, 2015

Planning is underway to break ground later this year on the 49 million second phase of Novant Health Clemmons Medical Center that will include the addition of hospital beds at the west Forsyth facility The movement forward comes two years after the 277 million 40000squarefoot medical center opened ..

OPKO Health to buy Bio-Reference in $1.47 billion deal

Friday, June 05, 2015

OPKO Health Inc agreed to buy clinical laboratory operator BioReference Laboratories Inc in a stock deal valued at 147 billion to bolster its diagnostics business OPKO offered 275 of its shares for each share of BioReference or 5258 based on OPKO39s Wednesday close the companies said in a statement..

Worland hospital plans $23.4M expansion

Friday, June 05, 2015

Washakie Medical Center will soon break ground on a 234 million expansion that will add 16 beds a new surgical suite a renovated emergency department and more The changes come soon after Washakie County the owner of the hospital negotiated a fresh 15year lease with Banner Health to run the hospit..

China’s Mindray Medical International jumps on $2.6 billion management buyout offer

Friday, June 05, 2015

Mindray Medical International Ltd surged the most in almost three years as its top managers offered to buy out shareholders for about 26 billion in cash and take the Chinese medical device maker private The American depositary receipts soared 11 percent to 3047 on Thursday in New York rising the mo..

GSK-Novartis healthcare venture to lay off 350 in Parsippany, New Jersey

Thursday, June 04, 2015

The joint venture of GlaxoSmithKline39s and Novartis39s consumer healthcare businesses will result in the cutting of 350 jobs in New Jersey with reductions coming from each of the companies39 Parsippany locations a GlaxoSmithKline representative said Wednesday The job cuts that began last month wil..

APCO, Text100 launch health technology group, ATDigitalHealth

Thursday, June 04, 2015

Public relations firm and policy shop APCO Worldwide and techcentric PR shop Text100 Global Communications launched a new initiative Wednesday that seeks to make disruptive healthcare concepts and technology like telemedicine and interoperability become integral parts of healthcare Called ATDigital..