Category: Cerner Corp.
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
Cerner gets federal approval for its $1.3 billion acquisition of Siemens' health information technology business.
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.
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.
Nine prominent medical device companies sign on to a pledge to increase the interoperability of their products in the interest of patient safety.
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.
Private equity firm Blackstone Group leads the pack pursuing a buyout of Allscripts, according to Reuters.
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."
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.
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.
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.
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.
Zoll Medical Corp.
, Asahi Kasei Corp.
, Bio2 Technologies
, Cardiovascular Systems Inc.
, Cerner Corp.
, EDAP TMS SA
, Edwards Lifesciences
, Hill-Rom Holdings Inc.
, Hitachi Medical Systems America
, Insulet Corp.
, Intuitive Surgical Inc.
, Kips Bay Medical Inc.
, Luna Innovations Inc.
, McKesson Corp.
, Opko Health Inc.
, Relievant Medsystems Inc.
, Royal Philips
, Shine Medical
, Smith & Nephew
, St. Jude Medical
, Synergetics USA Inc.
, Tornier Inc.
, Allergan Inc.
, AngioDynamics Inc.
, GE Healthcare