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Exec at MDT explains how COV gained $43B payout | The week in medtech M&A

September 24, 2014 by MassDevice

Here's a look at some of the top mergers & acquisitions stories for medical device companies this week: Inside the Medtronic-Covidien deal: Contrasting styles brought the companies together; Medtronic and Covidien prepare 1st Integration Summit; FTC approves Cerner's $1.3B Siemens health IT buy; Alere unveils $3.82B privatization plan; Medtronic, Covidien slide on new U.S. inversion rules

Inside the Medtronic-Covidien deal: Contrasting styles brought the companies together

September 17, 2014 by Brian Johnson

FTC approves Cerner's $1.3B Siemens health IT buy

September 19, 2014 by Arezu Sarvestani

Cerner gets federal approval for its $1.3 billion acquisition of Siemens' health information technology business.

FTC approves Cerner's $1.3B Siemens health IT buy

On-Q-ity folds its tents after 3 years, $26M | Wall Street Beat

April 12, 2013 by Brad Perriello

Oncology diagnostics company On-Q-ity folds up its tents after an unsuccessful, 3-year bid to develop personalized cancer diagnostics – and burning through $26 million in venture capital backing. Wall Street Beat

On-Q-ity, which raised a $26 million Series A round back in December 2009, quietly folded its tents last year after an unsuccessful bid to develop its technology for personalized cancer detection.

Bruce Booth, a partner at Atlas Ventures, 1 of the VC shops that backed the company (and a member of On-Q-ity's board), detailed the reasons behind the decision this week on his blog, Life Sci VC.

Medical device makers ink interoperability pledge

January 15, 2013 by MassDevice staff

Nine prominent medical device companies sign on to a pledge to increase the interoperability of their products in the interest of patient safety.

Patient Safety Science & Technology Summit

Nine medical device companies ranging from industry titans to small-cap movers inked a pledge to make the data generated by their devices available to patients, in a move aimed at ridding the healthcare system of unnecessary deaths by 2020.

Report: Blackstone leads race for Allscripts | Wall Street Beat

December 3, 2012 by MassDevice staff

Private equity firm Blackstone Group leads the pack pursuing a buyout of Allscripts, according to Reuters. Wall Street Beat

Blackstone Group is said to be leading the bidding war for electronic medical records company Allscripts (NSDQ:MDRX) but the 2 sides are far from agreeing on a price, according to Reuters.

Citing 3 "people familiar with the matter," the news agency said a deal is "highly uncertain."

FDA clears Cerner's iPhone-friendly mobile fetal monitoring system

November 14, 2012 by MassDevice staff

Cerner lands FDA clearance for its Cerner FetaLink+, a mobile maternal and fetal monitoring device that could help clinicians provide high level of care for patients.

Cerner logo

Kansas City, Mo.-based healthcare provider Cerner (NSDQ:CERN) received FDA clearance to market its mobile maternal and fetal monitoring system, called Cerner FetaLink+, a device that help clinicians monitor mothers and babies using iPads or iPhones.

Device tax spurs Hill-Rom to lay off 200 | Wall Street Beat

March 28, 2012 by MassDevice staff

Hill-Rom Holdings says it plans to lay off 200 workers, or 3% of its workforce, in part due to the looming medical device tax; also, AngioDynamics drops $5M on Microsulis; Kips Bay switches NASDAQ markets; Luna Innovations, Intuitive Surgical extend pact; Asahi Kasei begins $2B bid for Zoll; CRO Cetero files for bankruptcy after FDA probe; NASDAQ warns NeuroMetrix; the 6 players that dominate the EMR market; Intuitive Surgical, GE, Hitachi, Philips win federal contracts; plus a Funding Roundup and analysts' ups and downs. Wall Street Beat

Hill-Rom Holdings (NYSE:HRC) said it will lay off about 3% of its workforce, or roughly 200 workers, as it maneuvers to confront the medical device tax set to go into effect next year.