While the Affordable Care Act could lead to improved partnerships between medtech manufacturers and hospitals, a new survey and report from ZS Associates indicates that hospital execs aren’t convinced that such partnerships will help them meet their needs. The passing of the ACA has led to a shift in focus in the healthcare industry towards patient […]
Hospital Care
Stryker closes Sage Products, Synergetics buys
Stryker (NYSE:SYK) said today that it closed a pair of acquisitions, putting a bow on its $2.7 billion buyout of Sage Products and the deal for Synergetics‘s (NSDQ:SURG) neurostimulation assets for an undisclosed amount. The deal for Sage Products, which makes a line of disposable devices designed to reduce so-called “never events” in intensive care and surgical settings, was […]
U.S. Homeland Security Dept. warns on cybersecurity risk with BD subsidiary CareFusion’s Pyxis
Updated to correctly label the Pyxis as a medical supply cabinet, as it was originally mislabeled as a drug dispensing cabinet. The U.S. Homeland Security Dept. warned about more than 1,400 cybersecurity flaws found in 3rd-party software used with the Pyxis SupplyStation automated medical supply cabinet made by Becton Dickinson & Co. (NYSE:BDX) subsidiary CareFusion. The flaws, uncovered […]
Trinity Medical picks up CasMed’s neonate disposables for $3m
Trinity Medical Devices said yesterday that it paid $3.35 million for CAS Medical System‘s (NSDQ:CASM) line of neonatal intensive care disposables. The deal includes a an additional $400,000 milestone pegged to sales targets over the next 12 months, Parsippany, N.J.-based Trinity said. “I can’t express enough how pleased we are to complete this transaction,” CEO John Easom said in prepared remarks. […]
Report: Olympus hiked the price on ‘scopes during superbug outbreak
Olympus (TYO:7733) reportedly tried to hike the price on the duodenoscopes implicated in superbug outbreaks last year even as the infections were traced back to its own devices. In Seattle, 39 people were infected at the Virginia Mason Medical Center between 2012 and 2014; 11 eventually died. All were critically ill when they were infected, but […]
Stryker launches $5m SurgiCount liability plan for retained sponges
Stryker (NYSE:SYK) said today it is launching the SurgiCount Promise risk-sharing program, offering up to $5 million in product-liability costs to hospitals which use its SurgiCount safety-sponge system. The system is designed to eliminate retained sponges, which can cause severe injuries in patients and cost the healthcare system $2.4 billion on average every year, according […]
Stryker prices $3.5B notes offering
Stryker (NYSE:SYK) said yesterday that it priced a senior notes offering worth $3.5 billion. The 4-tranche flotation consists of $750 million in 3-year, 2.0% fixed notes due in March 2019; $750 million in 5-year 2.625% fixed notes due in March 2021; $1.0 billion in 10-year 3.5% fixed notes due in March 2026; and another $1.0 billion in 30-year 4.625% fixed notes […]
Masimo launches Iris Gateway medical device data integration software
Masimo (NSDQ:MASI) said today it launched the Iris Gateway server-based medical device data integration software. The release was announced at the Healthcare Information and Management Systems Society’s annual conference in Las Vegas. The Iris Gateway system is designed to connect to existing medical devices and perform required translations to move the data from the devices into electronic […]
Philips debuts Intellispace intensive care support system
Royal Philips (NYSE:PHG) said today it launched its IntelliSpace Console Critical Care cloud-based clinical decision support dashboard designed to support enhanced workflows intensive care units. The product will be released at the 2016 HIMSS annual conference in Las Vegas. The newly-released dashboard is designed to allow clinicians to access patient data across multiple systems and EMRs with […]
Vivify Health raises $17m for remote monitoring
Remote patient monitoring tech company Vivify Health said Wednesday it raised $17 million in a new round of financing to support its remote health monitoring tech. The round was led by healthcare provider and insurer UPMC and joined by “several other of the nation’s largest health systems and health plans,” including Heritage Group and Ascension […]
Scientists expose superbug defenses
(Reuters) — Scientists in Britain have found how drug-resistant “superbug” bacteria build and maintain a defensive wall – paving the way for the development of new drugs to break through the barrier and kill the often deadly organisms. In recent decades, bacteria resistant to multiple drugs, such as methicillin-resistant Staphylococcus aureus (MRSA) or Clostridium difficile, have grown into […]