Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Kagiso Tiso buys stake in Nigeria healthcare firm, Me Cure Healthcare

Tuesday, July 21, 2015

Kagiso Tiso Holdings KTH has acquired an interest of about 30 in Nigerian healthcare company Me Cure Healthcare as the group increases its presence in west Africa The deal which comes hardly a month after the firm invested R1bn in facilities management firm Servest is part of a strategy to expand i..

Sonic Healthcare announces profit downgrade amid falling client numbers

Monday, July 20, 2015

Sonic Healthcare has downgraded its profit guidance for 201415 off the back of falling patient numbers and the costs of opening more pathology collection centres The listed pathology medical centre and radiology provider said on Monday morning it expected its full year profit before tax to be 730 m..

Xerox to revamp healthcare business, book charge

Saturday, July 18, 2015

Xerox Corp said it would revamp its healthcare IT business and record a related impairment charge of about 145 million in the second quarter The company said it would discontinue sales of its integrated eligibility system a software system which can support operations in call centers and document i..

Alaska governor says will accept federal funds to expand Medicaid

Friday, July 17, 2015

Alaska39s governor said on Thursday he would use his executive powers to expand the state39s Medicaid health program for the poor in a bid to sidestep political opponents and bring coverage to more than 20000 uninsured residents the first year Governor Bill Walker said Alaska would accept 146 milli..

Novo Nordisk says Flexpro PenMate gets FDA approval

Friday, July 17, 2015

The PenMate injection device for use with Novo Nordisk39s Norditropin Flexpro treatment for growth hormonerelated disorders has been approved by the US Food and Drug Administration FDA Novo Nordisk said on Thursday The device is designed to hide the needle injecting Norditropin into patients Nordit..

India's Manipal Education and Medical Group to buy diagnostic chain Medall in $180 million deal

Thursday, July 16, 2015

Manipal Education and Medical Group MEMG spearheaded by billionaire Ranjan Pai is set to acquire Medall Healthcare a southern diagnostics chain in a deal valued at about Rs 1000 crore 180 million two people directly familiar with the matter said The deal marks Manipal39s foray into diagnostics busi..

PHOENIX Rehabilitation and Health Services, Inc. acquires Virginia-based Advanced Center for Physical Therapy

Thursday, July 16, 2015

PHOENIX Rehabilitation and Health Services Inc headquartered in Blairsville PA expands its footprint into the MidAtlantic region through the acquisition of privatelyheld Virginiabased Advanced Center for Physical Therapy ACPT with locations in Charlottesville and RuckersvilleBarboursville The acqui..

Aster DM Healthcare donates Dh10m to Al Jalila Foundation

Thursday, July 16, 2015

Funds to support medical research and nurture future generation of medical researchers Underprivileged children with health conditions have a reason to smile with an early Eid gift of Dh10 million A donation of Dh10 million was made by Aster DM Health Care a leading health provider to Al Jalila Fo..

Molina Healthcare to acquire Medicaid Assets of Preferred Medical Plan

Wednesday, July 15, 2015

Molina Healthcare Inc MOH and Preferred Medical Plan Inc Preferred today jointly announced that Molina Healthcare of Florida Inc a wholly owned subsidiary of Molina Healthcare Inc has entered into a definitive agreement to acquire certain assets of Preferreds Medicaid business in Florida As a part ..

WHO delivers urgent health supplies to Aden

Wednesday, July 15, 2015

The World Health Organization WHO said on Tuesday it had delivered lifesaving medical supplies to the southern city of Aden in Yemen where most health facilities are nonfunctional due to fighting and critical shortages of supplies In a statement the WHO said it had brought 464 tonnes of assistance ..

Prime Healthcare Services signs contract for mobile DR technology with Agfa Healthcare

Wednesday, July 15, 2015

Agfa Gevaert NV Prime Healthcare services enters into exclusive multimillion dollar contract for mobile DR technology with Agfa Healthcare Agreement includes order for 50 DXD 100 mobile DR systems to be delivered in 2015 with option for more reuterscom ..

Medtronic to acquire RF Surgical Systems for $235 million

Tuesday, July 14, 2015

Medtronic plc announced it has signed a definitive agreement to acquire RF Surgical Systems Inc a medical device company based in Carlsbad Calif focused on the detection and prevention of retained surgical items sponge gauze or towel for approximately 235 million Additional terms of the acquisition ..

Mainland China hospital group Phoenix Healthcare to buy 20 per cent of Hong Kong’s UMP Healthcare Holdings for HK$180 million

Tuesday, July 14, 2015

Phoenix Healthcare Group the first mainland hospital firm listed in Hong Kong announced late on Monday it will buy 20 per cent of UMP Healthcare Holdings for HK180 million The deal is expected to complete on Thursday and True Point incorporated in the British Virgin Islands will continue to hold 80..

Elekta says received orders from UK, German medical centers

Monday, July 13, 2015

Elekta Publ Ab Leading European health centers to improve cranial radiosurgery with Elekta39s new Leksell Gamma Knife Icon Says three medical centers in the United Kingdom and Germany have ordered and are now planning upgrades to Elekta39s latest generation stereotactic radiosurgery system for the..

Yuyue Medical aims to raise up to 2.8 bln yuan in private placement of shares

Monday, July 13, 2015

Jiangsu Yuyue Medical Equipment and Supply Co Ltd Says aims to raise up to 28 billion yuan in private placement of shares to fund three projects boost working capital Says trading of shares to resume on July 13 reuterscom ..

Guangzhou Improve Medical Instruments in deal to build hospital, shares to resume trade

Saturday, July 11, 2015

Guangzhou Improve Medical Instruments Co Ltd Says signs letter of intent with yizhang county government to build a hospital total investment 300 million yuan 4832 million Says its shares to resume trade on July 13 reuterscom ..

Parkersburg's Camden Clark Medical Center announces $20 Million Expansion Project

Saturday, July 11, 2015

Camden Clark Medical Center announces an expansion project for their campus on Thursday It39s a 20 million dollar project a project they39ve been planning on doing for years Hospital officials say they will be adding a new emergency room to the south tower on the main campus The new emergency room..

Healthcare firm Practo acquires tech start-up Genii to expand reach to hospitals and diagnostic centers

Friday, July 10, 2015

Practo that provides an app and web service for scheduling appointments with doctors has acquired Genii a technology services startup focused on product design and development The founders of the Mumbaibased firm Varun Vohra and Aditya Anand and their 11 member team will move to Bengaluru to join P..

Medical device makers beef up product guarantees to woo U.S. hospitals

Thursday, July 09, 2015

Medical device makers facing sluggish sales and increasing pressure to prove the value of their products are beefing up guarantees to compensate US hospitals if a device does not perform as expected Medtronic Plc Johnson Johnson and St Jude Medical Inc are among the first to provide the newer guar..

Diagnostic Medical Systems acquires AXS Medical

Thursday, July 09, 2015

Diagnostic Medical Systems SA acquires AXS Medical AXS Medical is a Bordeaux based company developping medical devices for the assessment and monitoring of deformations of the spine by 3D modeling reuterscom ..