Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Portea Medical eyes global expansion, raises $37.5 mn in Series B funding

Monday, September 21, 2015

Home health care company Portea Medical on Sunday said it had raised Rs 247 crore 375 million in SeriesB funding led by Accel The round also saw participation from marquee investors including International Finance Corporation Qualcomm Ventures and Ventureast After the fundraise Arun Mathew from Acce..

UDG Healthcare to sell two units to McKesson for $466 million

Saturday, September 19, 2015

UDG Healthcare Plc said it would sell its Irish drug distribution businesses to US drug wholesaler McKesson Corp MCKN for 4075 million euros 466 million to cut debt and raise funds for acquisitions Shares of UDG which is also selling a unit of its commercial services business as part of the deal ro..

Inspira Health Network announces plans for expansion in Gloucester County, New Jersey

Friday, September 18, 2015

Inspira Health Network announced plans today to construct a new stateoftheart medical center in Gloucester County A site for the new construction has not been finalized but the network is exploring possible locations including land next to Rowan University at Exit 50 on Route 55 This is exciting ne..

E&I Cooperative Services and Medline announce New Contract

Friday, September 18, 2015

Medline Industries Inc a global medical supplies manufacturer and distributor was recently awarded a fiveyear group purchasing agreement with EI Cooperative Services a notforprofit sourcing cooperative that delivers expertise solutions and services to higher education and related institutions The co..

ZOLL announces acquisition of Kyma Medical Technologies

Friday, September 18, 2015

ZOLL Medical Corporation an Asahi Kasei Group company that manufactures medical devices and related software solutions today announced that it has acquired Tel Aviv Israelbased Kyma Medical Technologies Ltd which develops technologies to measure early signs of congestive heart failure Currently Kym..

Google Capital invests $32 million in Oscar Health

Wednesday, September 16, 2015

Google Capital has invested 325 million in Oscar a health insurance startup The Wall Street Journal reports The new funding values Oscar which had in April raised 145 million at a 15 billion valuation at 175 billion Oscar was founded a few years ago but launched publicly in July 2013 Oscar lets u..

MDxHealth acquires NovioGendix to expand Uro-Oncology product offering

Tuesday, September 15, 2015

MDxHealth SA announced that it has entered into an agreement to acquire NovioGendix a privatelyheld molecular diagnostics company focused on the development of a noninvasive liquid biopsy test for prostate cancer Each year 18 million prostate biopsy procedures are performed in the US and the EU Ho..

Koninklijke Philips signs technology agreement with Catharina Hospital

Tuesday, September 15, 2015

Koninklijke Philips NV concludes technology agreement with Catharina Hospital for cardiovascular center in the Netherlands Agreement is for installation of Philips39 medical technologies in the hospital39s new cardiovascular center which is due to open its doors in mid2016 reuterscom ..

Qualcomm Life, Inc acquires Capsule Technologie

Tuesday, September 15, 2015

Qualcomm Incorporated announced that its subsidiary Qualcomm Life Inc has acquired Capsule Technologie a leading global provider of medical device integration and clinical data management solutions with more than 1930 hospital clients in 38 countries Capsule will become a wholly owned subsidiary of ..

Valtech's Cardioband gets CE Mark Approval for Mitral Valve Repair

Monday, September 14, 2015

Valtech Cardio Ltd a developer of devices for mitral and tricuspid valve repair and replacement said it has received Conformite Europeenne Marking for its Cardioband Mitral Reconstruction System a proprietary implantable mitral reconstruction device with a transfemoral transseptal delivery system fo..

Cancer Research UK and MedImmune launch ground-breaking biotherapeutics research centre in Cambridge

Saturday, September 12, 2015

A new laboratory that will focus on the discovery and development of novel biologic cancer treatments and diagnostics has been opened this week in Cambridge by life sciences minister George Freeman MP The stateoftheart CRUKMEDI Alliance Laboratory located on Granta Park is an innovative collaborati..

University of Kentucky committee approves spending $37 million to continue hospital expansion

Friday, September 11, 2015

The University of Kentucky Board of Trustees health care committee approved spending 37 million to continue expansion and renovation of hospital facilities About 23 million will be spent on the Kentucky Children39s Hospital The new construction will expand the hospital space from 53000 feet to 8600..

Zhuhai Hokai wins 149.6 mln yuan bid for medical instruments contract

Friday, September 11, 2015

Zhuhai Hokai Medical Instruments Co Ltd Says wins bid for medical instruments contract worth about 14960 million yuan 2346 million reuterscom ..

Carlyle Group unit buys stake in India lab operator Metropolis Healthcare

Thursday, September 10, 2015

A unit of Carlyle Group LP has bought a stake in Metropolis Healthcare Ltd an Indiabased global operator of pathology laboratories for an undisclosed sum according to a statement from the US private equity firm on Wednesday A source familiar with the matter told Reuters that Carlyle39s investment w..

University College London Hospitals NHS Foundation Trust has awarded €257 million hospital construction contract to Bouygues UK

Thursday, September 10, 2015

University College London Hospitals UCLH NHS Foundation Trust has awarded Bouygues UK a subsidiary of Bouygues Construction a contract worth 257 million to design and build a new stateoftheart hospital dedicated to advanced cancer treatment and surgery services in central London Chief Executive of ..

Guangzhou Improve Medical Instruments signs framework agreement with Toshiba Medical Systems

Thursday, September 10, 2015

Guangzhou Improve Medical Instruments Co Ltd Says signs framework agreement with Toshiba Medical Systems China Co on business development reuterscom ..

Canada’s Concordia Healthcare to acquire Amdipharm Mercury Ltd for $3.5 billion

Wednesday, September 09, 2015

Concordia Healthcare Corp on Tuesday said it would buy UKbased Amdipharm Mercury Ltd from European privateequity firm Cinven for about 12 billion in cash and around 700 million in stock a deal the Canadian pharmaceutical company calls transformational Concordia said the acquisition valued at about ..

New York Governor Cuomo pledges healthcare help to Puerto Rico

Wednesday, September 09, 2015

Puerto Rico whose leaders have complained of unequal federal treatment on healthcare may get some help from the state with the most Puerto Rican citizens outside the island itself New York New York Governor Andrew Cuomo visited the US commonwealth on Tuesday presenting a plan to assist Puerto Rico..

Epic Health Services enters Enteral Nutrition Market with acquisition of Option 1 Healthcare Solutions

Wednesday, September 09, 2015

Epic Health Services Inc a portfolio company of Webster Capital and Dallasbased provider of pediatric skilled nursing and therapy announced today that it has acquired Option 1 Healthcare Solutions the leading enteral nutrition provider in the Western United States based in Chandler Arizona The acqu..

MeVis Medical Solutions raises forecast for current fiscal year

Tuesday, September 08, 2015

MeVis Medical Solutions AG raises forecast for current fiscal year For 2015 revenues are now expected to increase to between 145 million euros 1620 million and 150 million euros previous forecast increase to 140 million euros and 145 million euros For 2015 EBIT now a stable development compared to..