Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Bruker Signs Agreement to Acquire Oncovision's Preclinical PET Imaging Business

Thursday, September 08, 2016

Bruker announced that it has signed an agreement to acquire the preclinical imaging business of Oncovision a leading provider of innovative medical imaging devices used for the diagnosis of cancer Financial terms of the agreement were not disclosed For the past five years Bruker and Oncovision have..

St. Jude Medical Sues Short Seller Over Device Allegations

Thursday, September 08, 2016

St Jude Medical Inc on Wednesday filed a lawsuit against Muddy Waters Capital LLC claiming the research firm intentionally made false and misleading claims about its heart devices in order to profit from a decline in its stock The complaint filed in US District Court in Minnesota also names MedSec ..

Cogentix Medical enters into definitive agreement for $25 million equity investment

Thursday, September 08, 2016

Cogentix Medical enters into definitive agreement for 25 million equity investment Accelmed would purchase 25 million of Cogentix Medical common stock from company at 155 per share Terms of proposed transaction call for accelmed to have right to nominate two members to cogentix medical board of di..

Danaher to buy Cepheid in $4 billion deal to expand in diagnostics

Wednesday, September 07, 2016

Danaher Corp said on Tuesday it would buy medical diagnostics company Cepheid in a deal valued at 4 billion including debt that will strengthen its presence in molecular diagnostics Danaher which develops technology for the dental life sciences diagnostics and environmental industries spun off its ..

Aetna and Piedmont Healthcare Announce New Contract

Wednesday, September 07, 2016

Aetna and Piedmont Healthcare announced today that the two organizations have signed a new contract The agreement will give Aetna members continued innetwork access to all Piedmont facilities and more than 1400 Piedmont Clinic physicians through February 28 2019 Our new contract is a testament to t..

Ensign Group acquires home health and hospice operations in Abilene

Wednesday, September 07, 2016

Ensign Group Inc Acquires home health and hospice operations in Abilene Texas Expects operations to be accretive to earnings in 2016 Says its unit Cornerstone Healthcare Inc acquired assets of Kinder Hearts Home Health and Hospice in Abilene Source reuterscom ..

Insulet to Establish Highly-Automated Manufacturing Operation in the United States

Wednesday, September 07, 2016

Insulet Corporation the leader in tubeless insulin pump technology with its Omnipod Insulin Management System Omnipod System today announced plans to establish an automated manufacturing operation in the United States and to build product beginning in 2019 The new US operation is intended to provid..

Fresenius buys Spanish hospital chain for 5.76 bln eur

Tuesday, September 06, 2016

German healthcare group Fresenius said on Monday it was buying Spain39s biggest private hospital chain Quironsalud for 576 billion euros 642 billion including assumed debt cementing its position as Europe39s largest privatesector hospital operator Quironsalud created by the merger of IDC Salud and ..

MDxHealth Gains Medi-Cal Approval for ConfirmMDx

Tuesday, September 06, 2016

MDxHealth SA announced that the ConfirmMDx for Prostate Cancer test is now available as an innetwork benefit under the California Medical Assistance Program MediCal MediCal is California39s staterun Medicaid program offering assistance to individuals with low incomes With nearly 12 million enrollee..

Shimadzu, Indian company to jointly sell medical devices

Tuesday, September 06, 2016

Shimadzu Corp will partner with India39s Trivitron Healthcare to sell screening devices for newborns in emerging markets starting this month Nikkei Shimadzu39s blood analyzers will be sold together with Trivitron39s reagents in the Middle East Southeast Asia and Africa Source reuterscom ..

Grifols Opens Diagnostic Training Center in Dubai

Tuesday, September 06, 2016

Grifols a global healthcare company with more than 75year legacy of improving people39s health and wellbeing today celebrated the opening of its new training center in Dubai Created to support the company39s growing Diagnostic business the center will offer single and multiday training courses for l..

Shenzhen Neptunus Bioengineering to set up medical equipment JV

Saturday, September 03, 2016

Shenzhen Neptunus Bioengineering Co Ltd Says unit plans to acquire 80 percent stake in medical equipment firm for 216 million yuan 3233 million Says it plans to set up medical equipment jv with registered capital of 100 million yuan Source reuterscom ..

Fresenius acquires 85 per cent stake in Sandor Nephro Services

Saturday, September 03, 2016

Global kidney therapy specialist Fresenius Medical Care has acquired 85 per cent stake in Sandor Nephro Services which runs dialysis centres under the brand Sparsh for an undisclosed amount as it aims to become a leading player in the vertical in India The company also plans to invest around Rs 150..

Nestle to buy medical device company Phagenesis in stages

Friday, September 02, 2016

Nestle announced a deal on Thursday to buy Phagenesis a British medical device company working on a new treatment for dysphagia a condition where patients are unable to swallow safely Nestle Health Science will make an undisclosed upfront payment followed by milestonebased funding while Phagenesis ..

Horizon Discovery Group and Ventana Medical Systems sign co-development agreement

Friday, September 02, 2016

Horizon Discovery Group and Ventana Medical Systems sign codevelopment agreement for reference standards Horizon Discovery Group PLC says under terms of agreement Ventana has option to commission projects from Horizon On a project by project basis co to codevelop and commercialise IHC reference st..

Shenzhen Glory Medical's unit in bids for hospital projects

Friday, September 02, 2016

Shenzhen Glory Medical Co Ltd Says unit expects to win bid for hospital project in Lanzhou for 3686 million yuan 5518 million Says unit wins bid for hospital relocation project for 600 million yuan Source reuterscom ..

Thai hospital chain Bangkok Dusit cuts 2016 revenue growth target

Friday, September 02, 2016

Bangkok Dusit Medical Services Pcl Thailand39s largest hospital operator has cut its revenue growth target to 810 percent from 1112 percent due to lowerthanexpected growth in the first half its chief financial officer said on Thursday But the company maintained its EBITDA margin target at 22 percen..

Medical device maker Tecomet up for sale

Thursday, September 01, 2016

Tecomet Inc a privately held US contract manufacturer of medical devices and surgical instruments is exploring a sale that could value it at more than 1 billion including debt according to people familiar with the matter The sale process comes as contractors have benefited in recent years from the ..

Philips and Qualcomm announce strategic collaboration to advance personalized connected health care

Thursday, September 01, 2016

Royal Philips and Qualcomm Incorporated through its subsidiary Qualcomm Life Inc today announced a strategic technology collaboration to advance connected health across the health continuum from healthy living and prevention to chronic care management and home care The companies are teaming up to l..

Big Lots pledges $50M to Nationwide Children's Hospital for behavioral health hospital and research

Thursday, September 01, 2016

Big Lots Inc announced a 50 million 10year pledge to Nationwide Children39s Hospital for its behavioral health programs gaining naming rights to both the clinical department and a planned pediatric psychiatric hospital on the Columbus campus It39s quite a splashy debut in philanthropy The Columbus ..

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