Edwards Lifesciences (NYSE:EW) shares rose this morning after the company said it won FDA clearance for its HemoSphere advanced monitoring platform. Hemodynamic monitoring, the measurement of a patient’s blood circulation and cardiac function, enables clinicians to evaluate whether a patient is receiving enough oxygen to their organs and tissues. The Irvine, Calif.-based company’s blood monitoring device is […]
Hospital Care
These 7 virtual reality companies want to innovate healthcare
Virtual reality is no longer just for pilots to simulate flying – or for more realistic gaming experiences. Virtual reality is helping to shape the healthcare industry by offering immersive programs to help train surgeons and students for a variety of surgical procedures. Surgeons can train for different surgical procedures, and clinicians are also using […]
GE, Hartford Healthcare ink 7-year value based care partnership
GE Healthcare (NYSE:GE) said today it is collaborating with Hartford HealthCare to launch a series of value-based healthcare projects over the next 7 years. The companies said the projects aim to improve patient care, reduce cost and increase efficiency to avoid unnecessary wait times and “traffic jams” that can delay care. The projects will use GE’s […]
Fresenius picks up majority stake in Chinese chronic disease-focused hospital
Fresenius (NYSE:FMS) said today it purchased a 70% equity stake in China’s Kunming Wuhua Health Hospital, a facility specializing in chronic disease management and hemodialysis. The acquisition was officially completed on March 31, Germany-based Fresenius said, and marked the company’s 1st joint venture hospital in China. The hospital will continue to provide chronic-disease management while improving services, […]
Cardinal Health closes in on $6B deal for Medtronic’s medical supplies biz
Cardinal Health (NYSE:CAH) is closing in on a deal to pay $6 billion to acquire the medical supplies business Medtronic (NYSE:MDT) picked up when it paid $50 billion for Covidien in January 2015. Citing “people familiar with the matter,” Reuters reported that exclusive talks between the companies could result in an announcement later this month. Medtronic and Cardinal Health declined […]
UK Medical in management buyout from BD
The management of Becton Dickinson & Co. (NYSE:BDX) subsidiary UK Medical bought the company from its parent for an undisclosed amount. The Sheffield, U.K.-based company, which was acquired by CareFusion in 2012 before BD paid $12 billion for CareFusion in 2015, makes products for the breast radiology, urology, interventional radiology and cardiology markets. UK Medical will keep […]
410 Medical raises $3m Series A for LifeFlow
410 Medical said it raised a $3.3 million Series A round for its LifeFlow resuscitation device. The Durham, N.C.-based company’s LifeFlow is rapid infuser designed to deliver 1 liter of crystalloid fluid through a 20-gauge IV catheter in 5 minutes, for front-line treatment of patients needing urgent fluid delivery. The A round was led by private equity shop Bios Partners, […]
ConvaTec investors deal 19% stake for more than $1B
The private equity owners of ConvaTec (LON:CTEC) drummed up about $1.21 billion (£975 million) by selling off a 19% stake in the British medical device maker. PE shops Nordic Capital and Avista sold 375 million shares at £2.60 apiece in the over-subscribed offering, after raising the float from 300 million shares, according to bookrunner UBS. Other […]
Stryker’s touch-screen tablet drops for SurgiCount safety sponge
Stryker (NYSE:SYK) said today that it’s releasing a touch-screen tablet for its SurgiCount safety sponge, which is designed to prevent the “never event” of retained surgical items. The SurgiCount system’s sponges and towels use unique identifiers so that healthcare providers can track them throughout a procedure, in real time; the system’s software creates a permanent […]
Stratasys is creating a 3-D printing network in V.A. hospitals: Here’s how
The 3D printing and additive manufacturing company Stratasys has announced that it is collaborating with the U.S. Dept. of Veterans Affairs to release one of the first 3D printing hospital networks in the U.S. The Dept. of Veterans Affairs Center for Innovation (VACI) hopes that this collaboration will have a positive effect on patient care […]
Philips inks partnership deal with Phoenix Children’s Hospital
Royal Philips (NYSE:PHG) said today it inked a long-term $65 million strategic partnership with Phoenix Children’s Hospital, touting it as the 1st stand-alone children’s health system to ink such a deal with Philips. Through the partnership, Phoenix Children’s will gain access to Philips technology such as CCT, MRI and angiography imaging systems, patient monitoring and […]