Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Global hospital chains, PE majors close in on Rs 1800 crore CARE Hospitals buy

Monday, September 07, 2015

Emerging markets private equity group Abraaj and a consortium of PD Hinduja Hospital and Everstone Capital Advisors are among those to emerge as the frontrunners to acquire Hyderabadheadquartered multispeciality hospital chain CARE Hospitals from its current private equity owners Advent Internationa..

100-bed hospital Multi-specialty hospital in Oman to be opened this year

Monday, September 07, 2015

A multispecialty 100bed hospital worth OMR15 million built by Lifeline Hospitals a VPS Group unit will be opened by the end of this year the top official of the group said As part of our expansion plans the new multispecialty hospital will open by the end of this year in Al Khuwair Muscat It will c..

Erchonia Corporation to locate Production Center in Melbourne, Florida

Saturday, September 05, 2015

Erchonia Corporation a medical laser device manufacturing company will relocate its operations to a 20000 square foot facility in the North Drive industrial area of Melbourne Florida The companys 53 million investment is expected to create 35 jobs in Brevard County The firm markets leading lowlevel..

LHC Group to acquire Halcyon Hospice for approx $58.5 million

Friday, September 04, 2015

LHC Group Inc a national provider of comprehensive postacute healthcare services announced that it has entered into a definitive agreement to acquire Halcyon Hospice LLC for approximately 585 million in cash As a result of the acquisition LHC Group expects to receive a step up in tax basis resulting..

Medtronic sales surge as rise in U.S. surgeries drives demand

Friday, September 04, 2015

Medtronic Plc the world39s largest standalone medical device maker reported a 70 percent rise in quarterly revenue helped by higher sales across its business lines in part due to the acquisition of surgical products provider Covidien Plc An improving US economy and the impact of the affordable care..

Integra LifeSciences to acquire Total Ankle Replacement and Silastic Toe Replacement product portfolios from Tornier N.V.

Friday, September 04, 2015

Integra LifeSciences Holdings Corporation and Tornier NV announced a definitive agreement under which Integra will acquire the United States rights to Tornier39s Salto Talaris and Salto XT ankle replacement products and Tornier39s Futura silastic toe replacement products for an undisclosed cash paym..

Prime Healthcare Services completes acquisition of St. Joseph Mercy Port Huron

Thursday, September 03, 2015

Prime Healthcare Services the fastest growing hospital system in the nation announced today that it has completed the acquisition of St Joseph Mercy Port Huron As a result St Joseph Mercy Port Huron will now be known as Lake Huron Medical Center Lake Huron Medical Center is a 144bed acute care hosp..

MDA and FARA Partner to Advance Treatments and Care for Friedreich's Ataxia

Thursday, September 03, 2015

The Muscular Dystrophy Association MDA and the Friedreich39s Ataxia Research Alliance FARA today announced a partnership that will pave the way for advancements in Friedreich39s Ataxia FA research therapeutic development and clinical care thus deepening understanding of the disease for patients and ..

Sacred Heart Hospital on the Emerald Coast begins $30 Million Expansion

Thursday, September 03, 2015

Tuesdaythe Sacred Heart Hospital on the Emerald Coast kickedoff their 30 million expansion project We are very excited enormously humbled to be a part of this great ministry and a great health care system in a hospital that makes such a difference what a great day said Roger Hall president of Sacre..

BPL Medical Technologies acquires UK-based Penlon

Thursday, September 03, 2015

BPL Medical Technologies a leading Indian medical devices company backed by global investment bank Goldman Sachs today announced the acquisition of UKbased Penlon Ltd Penlon We have acquired Penlon a UKbased leading global manufacturer of anaesthesia systems and vaporizers with worldwide distributi..

SSM Health to invest $500 million to construct new hospital and outpatient care center to replace Saint Louis University Hospital

Wednesday, September 02, 2015

SSM Health and SLU expand partnership as SSM Health assumes ownership of the academic hospital SSM Health announced today that it has committed 500 million to build a new replacement hospital and outpatient care center within the next five years The new facilities will be located in the immediate v..

Cedars-Sinai Health System acquires Marina Del Rey Hospital

Wednesday, September 02, 2015

CedarsSinai Health System announced today the purchase of the 145bed Marina Del Rey Hospital and its neighboring medical office building Marina Del Rey Hospital will operate as a distinct community hospital affiliate of the CedarsSinai Health System and will continue to provide its existing service..

Watertown Regional Medical Center and LifePoint Health Finalize Joint Venture

Wednesday, September 02, 2015

LifePoint Health a leading hospital company focused on providing quality healthcare close to home and Watertown Regional Medical Center WRMC today announced that they have finalized a joint venture to share ownership and operation of the hospital This is an exciting day for WRMC and our communities..

DaVita Kidney Care to form Kidney Care Specialty Hospital Chain in China

Tuesday, September 01, 2015

DaVita Kidney Care a division of DaVita HealthCare Partners Inc NYSE DVA and a leading global provider of kidney care services today announced it is forming a joint venture kidney care specialty hospital chain in Shandong province China The agreement establishes DaVita Shandong Kidney Disease Hospit..

Syngene to invest $100 mn for new plant in Mangalore SEZ, India

Tuesday, September 01, 2015

Syngene International contract research arm of biotechnology major Biocon is planning to set up a new manufacturing plant in Mangalore with an investment of about 100 million over Rs 660 crore The company is planning to set up a new manufacturing facility at Mangalore SEZ and is in the process of a..

NovoCure, Maker of Brain-Cancer Device, Files for IPO

Tuesday, September 01, 2015

NovoCure Ltd which makes a device that uses electrical fields to fight a common form of brain cancer has disclosed plans for an initial public offering NovoCures Optune system is a treatment for recurrent glioblastoma The portable noninvasive device delivers electrical fields from electrodes on the..