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 […]
Hospital Care
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 […]
Canon’s Toshiba Medical launches imaging equipment preventive maintenance program
Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary said today it is launching the PM Only Service Agreement preventive maintenance program designed to maintain imaging equipment for healthcare providers and they even have ophthalmoscope repairs for other medical personnel too. The new service from Toshiba Medical is designed to enable providers to fulfill and document that they are […]
7 medtech stories we missed this week: March 3, 2017
Several clinical study results were published this week, while other companies reached distribution deals. Here are 7 medtech stories we missed this week but were still worth mentioning. 1. Health Canada approves Ventripoint’s complete heart analysis system for 2D ultrasounds Ventripoint Diagnostics received a license from Health Canada for its new VMS-Plus machine and the 4-chamber […]
Study: Shifting to radial access PCIs could save hospitals $332m a year
A new study has shown that shifting 30% of femoral-access PCI procedures to transradial-access with same-day discharge for stable patients could save U.S. hospitals $332 million annually. Transradial-access PCI was also associated with fewer complications than the femoral-access approach, according to the study. “I believe this is a remarkable paper that has the [potential] to […]
Philips has a value argument for new image guided therapy platform
Royal Philips has announced the launch of its next generation image-guided therapy platform, deemed Azurion. Philips designed the platform to allow clinicians to easily perform a variety of routine and complex procedures. Meant for use in interventional labs, Azurion is but another example of medical device products with a strong value-based sales pitch around controlling costs and […]
CMS to delay bundled cardiac care program, expansion of bundled joint program
The Centers for Medicare & Medicaid Services last week said it’s delaying the launch of a new bundled cardiac care payment model, and putting the brakes on the expansion of a similar, existing program for joint replacement procedures. The moves come in response to the new administration’s Jan. 20 directive to freeze any new regulations until newly […]
ICU Medical touts dosing errors study
ICU Medical (NSDQ:ICUI) said today that a multi-hospital study showed improvements in potentially catastrophic dosing errors and drug library compliance when its Plum infusion pumps and Hospira (NYSE:HSP) MedNet safety software were integrated with the hospitals’ electronic medical records. The rate of potentially catastrophic dosing errors fell by 52% after smart-pump EMR integration, the study found, […]
ICU Medical closes $900m buyout of Pfizer’s Hospira infusion pump biz
ICU Medical (NSDQ:ICUI) this week closed its $900 million acquisition of the Hospira infusion pump business from Pfizer (NYSE:PFE), confirming last year’s rumors that the drug giant was looking to sell the business. The deal, which was scaled back from $1 billion last month, called for ICU Medical to offer 3.2 million new shares, or $419.3 million, and $275 million in cash, […]