This section covers the managerial aspects in the Healthcare industry.
Micro Interventional Devices Inc MID the world leader in minimally invasive and catheterbased compliant fixation technologies addressing structural heart disease announced today that it received FDA Market clearance for the Company39s first product Permaseal transapical access and closure device Thi..
Health insurer Cigna Corp reported a lowerthanexpected quarterly profit due to losses in its group disability and life business and said it would look at acquisition targets if its proposed takeover by Anthem Inc ANTMN did not materialize US antitrust authorities have sued to block Anthem39s 542 bi..
Kindred Healthcare Inc announced that it has signed a definitive agreement with CHI Franciscan Health to create a joint venture to construct and operate a 60bed inpatient rehabilitation hospital in Tacoma Washington which is located in Kindreds Seattle integrated care market The project recently rec..
ImpediMed Limited announced that it has entered into a threeyear joint development agreement with Mayo Clinic to advance new solutions for its fluid status and body composition monitoring technology in additional disease indications Using bioimpedance spectroscopy BIS ImpediMed39s proprietary techn..
The Dubai healthcare company Avivo Group has bought the medical distributor Kalium Group as it prepares itself for an initial public offering early next year A unit of the private equity firm Al Masah Capital Avivo Group has fully acquired Dubais Kalium Group for between US90 million and 100m said ..
Seattle Childrens Hospital plans to open to a major medical clinic here in 2018 offering a wider range of outpatient medical services than now available at its offices in Mill Creek and Everett The new 36600squarefoot building will cost about 30 million It will be constructed at 1815 13th St near t..
Boston Scientific Corporation BSX announced that it has acquired Cosman Medical Inc a privately held Burlington Mass manufacturer of radiofrequency ablation RFA systems The Cosman Medical team and products will become part of the Boston Scientific Neuromodulation business which offers a range of Spi..
4WEB Medical the industry leader in 3D printed orthopedic implants announced today that the company has received 510K clearance from the FDA for its lateral interbody fusion device The company will market the comprehensive lateral offering under the trade name Lateral Spine Truss System The Lateral..
Companion Medical a leader in the development of advanced technology to improve diabetes care announced today that the US Food and Drug Administration FDA has granted 510k clearance for the InPen system its wirelessenabled insulin pen and proprietary mobile application The InPen is the first and onl..
QIRT Quality In Real Time provider of home health and hospice coding consulting billing and education services announced today the acquisition of Woodrow Healthcare Consulting LLC WHC WHC specializes in providing consulting services in operations clinical excellence quality assurance revenue accurac..
Globus Medical Inc a leading musculoskeletal implant manufacturer today announced that it has entered into an agreement to acquire the international operations and distribution channels of Alphatec Holdings Inc a publicly traded medical devices company NasdaqATEC for 800 million in cash subject to c..
UNC Health Care has chosen a location for UNC Hospitals planned Surgical Tower project directly in front of the NC Memorial Hospital When the tower is complete it will provide patients and families with easier access to surgical services and create a more modern faade at the front of NC Memorial Hos..
Advantia Health an integrated healthcare delivery company that helps women manage their health and the health of their families announced today that it has acquired Simmonds Martin Helmbrecht Chartered a 46yearold OBGYN practice based in Damascus Maryland The acquisition will add 5 new locations to..
Sovereign Health a leading national provider of behavioral health treatment services is on track to open a new treatment facility in Ashland Pennsylvania in 2017 This new center which will provide a mix of evidencebased mental health and addiction treatment services is highly anticipated by the Ashl..
Syneron Medical Ltd a leading global aesthetic device company announced today that the PicoWay picosecond laser received US Food and Drug Administration FDA clearance for a new ultrashort 785nm wavelength which is the third FDA cleared wavelength for PicoWay The new ultrashort 785nm wavelength is th..
US health officials issued updated recommendations for preventing and testing for Zika infection on Monday warning that the virus can be transmitted through unprotected sex with an infected female partner Previously the US Centers for Disease Control and Prevention and other experts believed that t..
MDxHealth SA and Cerba HealthCare Belgium announced today that they have signed a Collaboration Agreement to bring MDxHealth39s SelectMDxTM for Prostate Cancer test to urology practitioners in France Belgium and Luxembourg Under the terms of this twoyear agreement Cerba HealthCare Belgium will offe..
Johnson Johnsons Acclarent unit paid more than 18 million to resolve US claims of illegally marketing a medical device a case that led to two senior executives being convicted of related charges The agreement which Johnson Johnson disclosed in regulatory filings without giving specifics includes ..
Royal Philips NV on Monday reported a 57 rise in secondquarter net profit as it benefited from a strong performance of its healthtechnology operations and cost savings Net profit in the three months to the end of June was 431 million 473 million up from 274 million in the same period a year earlier..
Chinese stateowned conglomerate China Resources Group and Australian bank Macquarie Group Ltd plan to buy majority control of GenesisCare Ltd laying the groundwork for Australia39s biggest cancer and cardiac services provider to expand into the world39s secondlargest economy In a joint statement on..