Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Envision Healthcare to buy Ambulance-Services Provider Rural/Metro Corp. for $620 million

Friday, July 31, 2015

Envision Healthcare Holdings Inc has reached a deal to buy privately held ambulance and fireprotection services company RuralMetro Corp for 620 million in cash Buyout firm Warburg Pincus took RuralMetro private in 2011 After struggling with declining revenue related to ambulance trips and from heav..

Lombard Medical acquires Endovascular Stent Graft Developer Altura Medical

Friday, July 31, 2015

Lombard Medical Inc a medical device company focused on endovascular aneurysm repair EVAR of abdominal aortic aneurysms AAAs today announced the acquisition of Silicon Valleybased Altura Medical a privatelyheld venturebacked company that has developed an innovative ultralow profile endovascular sten..

Abbott strikes deals with heart valve replacement companies

Friday, July 31, 2015

Abbott Laboratories ABTN on Thursday said it would buy a small private company and has invested in another with an option to buy as it places bets on the future growth potential of minimally invasive systems to replace diseased heart valves Abbott said it has agreed to acquire the equity in Minneso..

Varian Medical Systems Acquiring Claymount to Expand Imaging Components Portfolio

Thursday, July 30, 2015

Varian Medical Systems Inc announced it has through one of its European subsidiaries agreed to acquire Claymount a privatelyheld Netherlandsbased supplier of components and subsystems for Xray imaging equipment manufacturers Varian39s subsidiary in the Netherlands will pay approximately 50 million i..

Cross Country Healthcare announces Agreement to Sell Its Education Business

Thursday, July 30, 2015

Cross Country Healthcare Inc announced it has entered into an agreement to sell its Cross Country Education business to PESI Inc for 8 million subject to a net working capital adjustment plus potential additional consideration of 500 thousand Consummation of the transaction is subject to certain clo..

Deerfield Management launches $550 Million Healthcare Venture-Capital Fund

Wednesday, July 29, 2015

Deerfield Management Company LP announced the launch of the DeerfieldHealthcare Innovations Fund LP which will invest in groundbreakingadvancements in science that may lead to therapeutic interventions in geneticdiseases cancer and orphan diseases The venture capital fund will also backnew technolog..

Sprint Bioscience signs agreement with Bayer HealthCare

Wednesday, July 29, 2015

Sprint Bioscience AB Signs agreement with Bayer HealthCare May receive up to about 190 million euros 21027 million in potential preclinical clinical and salesbased milestone payments including initial upfront payment from Bayer on signing agreement reuterscom ..

UAE health care group, VPS Healthcare to invest £105 million on new London cancer care hospital

Wednesday, July 29, 2015

Abu Dhabibased VPS Healthcare Group is investing 150 million Dh856m on a cancer care hospital in London set to open in 2017 The 150bed hospital will occupy a historic grade IIlisted property that was the former home of Royal Masonic Hospital which became the Ravenscourt Park Hospital in 2002 but cl..

Medical Properties Trust Inc to buy private hospital operator, Capella Healthcare Inc for $900 mln

Tuesday, July 28, 2015

Real estate investment trust Medical Properties Trust Inc said on Monday it would buy privately held Capella Holdings Inc owner of hospital operator Capella Healthcare Inc for 900 million in cash Birmingham Alabamabased Medical Properties Trust MPT said the deal consists of a 600 million investment..

£600m hospitals revamp plan unveiled for south-west Wales

Tuesday, July 28, 2015

Radical plans for a 600m transformation of hospital services in southwest Wales have been revealed Swansea39s Morriston Hospital would double in size and become a regional centre for specialist treatments The city39s other hospital Singleton would be a centre of excellence for diagnostic and samed..

Makkah health facilities to get massive boost

Monday, July 27, 2015

Millions of Muslims from all over the world visit the Makkah region every year for Umrah and Haj To cover all the emergencies and health requirements the government plans to offer 10454 beds with 20000 health facilities in the next five years in different areas of the region Makkah Gov Prince Khale..

Health Authority Abu Dhabi (Haad) orders temporary closure of 5 healthcare facilities for violations

Monday, July 27, 2015

The Health Authority Abu Dhabi Haad has ordered temporary closure of five healthcare facilities after violations were identified by the agency39s quality auditing team The violations included failure to comply with room disinfection standards lack of cleanliness failure to comply with medical devi..

Mergers escalate pace of US healthcare consolidation

Saturday, July 25, 2015

US healthcare firm Anthem said it would pay 54bn to buy smaller rival Cigna in a move aimed at slashing costs The biggest healthcare insurer in the US will be created by the historic deal the largest in the sector The tieup comes weeks after Aetna said it would buy rival Humana for 37bn If they a..

Methodist Healthcare Joins the Mayo Clinic Care Network

Friday, July 24, 2015

Methodist Healthcare and Mayo Clinic announced today that Methodist has joined the Mayo Clinic Care Network a national network of health care providers committed to better serving patients and their families through collaboration Methodist Healthcare is the first health care organization in Tenness..

WellStar Health System in talks to buy Tenet Healthcare's five Georgia hospitals

Friday, July 24, 2015

WellStar Health System is in talks with Dallasbased Tenet Healthcare to buy its five Georgia hospitals according to GeorgiaHealthNewscom The two organizations announced July 23 they were beginning exclusive nonbinding discussions about Tenet39s five Georgia properties which include Atlanta Medical ..

Mackinac Straits Health System and Munson Healthcare Sign Affiliation Agreement

Thursday, July 23, 2015

Mackinac Straits Health System and Munson Healthcare have signed a regional affiliation agreement that gives the St Ignacebased provider access to a broad range of Munson Healthcare system services The agreement does not change ownership or management of Mackinac Straits Health System its clinics f..

Anthem Nears Deal to Buy Cigna for $48 Billion

Thursday, July 23, 2015

Anthem Inc is nearing a deal to buy Cigna Corp for more than 48 billion in a transaction that along with a previously proposed combination of rivals would shrink the five largest US health insurers to just three Anthem based in Indianapolis is expected to pay about 188 a share for Cigna of Bloomfie..

Former Och-Ziff manager’s firm starts Health-Care hedge fund

Wednesday, July 22, 2015

Frank Yu a former OchZiff Capital Management Group head of China investments has started an Asian healthcare hedge fund The Ally Bridge LB Healthcare Fund began trading on July 15 targeting buying opportunities created by Chinese reforms since 2007 It is led by Chief Investment Officer and Chief Ex..

Stryker announces Definitive Agreement to acquire Muka Metal, A.S.

Tuesday, July 21, 2015

Stryker Corporation announced today a definitive agreement to acquire Muka Metal AS Muka in an all cash transaction Muka headquartered in Kayseri Turkey sells hospital beds stretchers and related patient room furniture and accessories that serve markets across Turkey and other regions globally The ..

Diagnostic Medical Systems signs global manufacturing agreement with Carestream Health

Tuesday, July 21, 2015

Diagnostic Medical Systems SA Signs global manufacturing agreement with Carestream Health for a complete range of remotecontrolled radiology rooms based on Platinum and Optima technology Radiology rooms to be sold under names DRX Excel and DRXExcel Plus reuterscom ..