Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Mindray Medical to acquire the Remaining Stake in Wuhan Dragonbio for US$72.6 million

Wednesday, July 08, 2015

Mindray Medical International Limited a leading developer manufacturer and marketer of medical devices worldwide announced today a definitive agreement to acquire the remaining stake in Wuhan Dragonbio Surgical Implant Co Ltd Dragonbio for approximately US726 million Dragonbio is a domestic medical..

Boise Council approves St. Luke's expansion plan

Wednesday, July 08, 2015

Boise39s East End neighborhood will lose one of its favorite connections to Downtown if St Luke39s Boise Medical Center goes ahead with a 400 million plan to expand its Boise campus The City Council voted 41 Tuesday night to approve the St Luke39s proposal which calls for the closure of Jefferson S..

Mesa Laboratories Inc acquires Canada's Infitrak Inc

Tuesday, July 07, 2015

Mesa Laboratories Inc announced the acquisition of Infitrak Inc and its holding company 2396081 Ontario Inc collectively Infitrak located near Toronto in Markham Ontario Under the terms of the transaction we acquired all of the outstanding shares of common stock of Infitrak whose business involves ..

RoundTable Healthcare completes purchase of TIDI Products

Tuesday, July 07, 2015

A Neenah company that makes medical products to prevent infections has been purchased by an Illinois private equity firm specializing in healthcare RoundTable Healthcare Partners of Lake Forest Ill said Monday it has completed its acquisition of TIDI Products a Neenah company founded in 1969 TIDI ..

Hinduja-Everstone consortium in race to buy CARE Hospitals

Monday, July 06, 2015

HindujaEverstone consortium in race to buy CARE Hospitals Consortium has submitted a bid for 72 stake in CARE owned by USbased PE firm Advent International Mumbai PD Hinduja Hospital the hospital arm of 25billion diversified conglomerate Hinduja Group has joined the race to acquire the Hyderabadba..

N.J. Hospitals Monitor Effects of Tax-Court Ruling in Morristown

Monday, July 06, 2015

A courts ruling that a New Jersey nonprofit hospital essentially functioned as a forprofit business and therefore owed property taxes could have implications for hospitals and nonprofit organizations across the state The opinion issued late last month was the result of a lawsuit filed against Morri..

Aetna to buy Humana for $37 billion in largest insurance deal

Saturday, July 04, 2015

Health insurer Aetna Inc AETN on Friday said it would buy smaller rival Humana Inc HUMN for about 37 billion in cash and stock in the largest ever deal in the insurance industry The combination will push Aetna close to Anthem Inc39s ANTMN No2 insurer spot by membership and would nearly triple Aetna..

Drive Medical acquires DeVilbiss Healthcare

Friday, July 03, 2015

Drive Medical announced today that it has completed its largest acquisition to date acquiring DeVilbiss Healthcare effective July 2 2015 The acquisition provides Drive one of the fastest growing manufacturers of durable medical equipment with one of the most valued brands in the respiratory and slee..

Health insurer Centene adds muscle with $6.3 bln Health Net deal

Friday, July 03, 2015

US health insurer Centene Corp will buy smaller rival Health Net Inc for 63 billion underscoring the healthcare industry39s rush to bulk up to negotiate better prices with suppliers and hospitals and attract new customers Health Net39s shares touched a record high of 7667 on Thursday but stayed shy..

Singapore's Perennial Real Estate expands into healthcare with China venture

Friday, July 03, 2015

Singapore39s Perennial Real Estate Holdings said it would expand into healthcare for the first time through a joint venture in China that will buy and develop hospitals as well as medical service businesses Seeking to take advantage of China39s strong demand for healthcare Perennial said it will bu..

Irish-based Malin to invest $16.4 million in medical technology firm, 3d4medical

Thursday, July 02, 2015

Malin Corporation plc an Irishbased global life sciences company today announces that it has acquired a 38 shareholding in 3D4Medical for consideration of 164 million along with a further call option to increase its shareholding to 50 3D4Medical is a leading innovative medical technology company bas..

Obama pushes state Medicaid expansion in healthcare hub Nashville

Thursday, July 02, 2015

Fresh from another Supreme Court validation of his landmark healthcare law President Barack Obama visited healthcare hub Nashville Tennessee on Wednesday to push state governments to expand the Medicaid health program for the poor Obamacare as the president39s law is known envisions a major expansi..

Skanska inks $61 mln U.S. hospital expansion contract

Thursday, July 02, 2015

Skanska has signed a contract to expand the existing Orange Regional Medical Center healthcare facility in Middletown New York The contract is worth USD 61 M about SEK 510 M which will be included in order bookings for Skanska USA Building for the second quarter of 2015 Skanska will expand the exis..

Spire Healthcare reportedly approached for acquiring St Saviour's Hospital

Wednesday, July 01, 2015

Spire Healthcare Group Plc Has been approached by a party considering an acquisition of St Saviour39s Hospital Negotiations are at a preliminary stage and no formal agreement has been reached No certainty that an agreement to sell hospital will be concluded reuterscom ..

Retruning to the same hospital for post operative complications may lower risk says study from Utah School of Medicine

Wednesday, July 01, 2015

Patients who need to be rehospitalized within a month after major surgery have a lower risk of death over the next two months if they return to the hospital where they had the surgery rather than going to a different facility according to a new study Most clinicians or surgeons feel like if you tak..

Stove technology efficient in easing North Kenya's medical waste

Wednesday, July 01, 2015

Poor weather security threats and bad roads have made disposing of the Wamba district hospital39s medical waste a challenge The nearest incinerator is about 200 kilometers 125 miles away and traveling was not possible during heavy rains because connecting roads were cut off by floods said Stephen L..

WHO names Cuba the first country to end mother-to-child HIV transmission

Wednesday, July 01, 2015

The World Health Organization on Tuesday declared Cuba the first country in the world to eliminate the transmission of HIV and syphilis from mother to child The WHO said in a statement that an international delegation that it and the Pan American Health Organization sent to Cuba in March determined..

Quest Diagnostics to acquire MemorialCare Health System's Laboratory Outreach Service Business

Wednesday, July 01, 2015

Quest Diagnostics the world39s leading provider of diagnostic information services and MemorialCare Health System a nationally recognized nonprofit health system in Los Angeles and Orange counties today announced they have entered into a definitive agreement for Quest to acquire MemorialCare Health ..

OSI Systems awarded $5 Million Order for Healthcare Solutions

Wednesday, July 01, 2015

OSI Systems Inc today announced that its Healthcare division Spacelabs Healthcare has received an approximate 5 million order to provide patient monitoring solutions and related accessories to a prominent US hospital We are pleased with this award and look forward to supporting the installation of ..