Hillrom (NYSE:HRC) says closing conditions have not been met when it comes to the company’s previously planned $375 million acquisition of Bardy Diagnostics and its Carnation Ambulatory Monitor, or CAM patch. In response, BardyDx has sued Hillrom in the Delaware Court of Chancery, asking the court to order the merger to proceed because Hillrom’s argument […]
Digital Health
iRhythm’s revenue jumps 33% in Q4
iRhythm Technologies (NASDAQ: IRTC) reported mixed Q4 results but predicted strong sales growth in 2021. The San Francisco–based company — maker of the Zio ambulatory cardiac monitoring patch — reported a loss of –$9.7 million, or –33¢ per share, on sales of $78.8 million for the three months ended Dec. 31, 2020, nearly halving its […]
Terumo to acquire Health Outcomes Sciences
Terumo (TSE: 4543) recently announced that it has signed a definitive agreement to acquire all assets of Health Outcomes Sciences. The financial terms of the deal were not disclosed. Phoenix-based HOS is a creator of predictive analytics and clinical decision support software. Its sePRISM content enablement platform is meant to enable healthcare organizations to deliver […]
Masimo reports a Street-beating Q4
Masimo (NSDQ:MASI) posted fourth-quarter results today that beat the consensus forecast on Wall Street, issuing 2021 guidance that also exceeds analysts’ expectations. The Irvine, Calif.–based maker of noninvasive patient monitoring technologies and sensors reported profits of $70.7 million, or $1.21 per share, on sales of $295.1 million for the three months ended Jan. 2, 2021, boosting […]
BD, Scanwell Health collaborating on smartphone-enabled, home COVID-19 rapid test
Becton Dickinson (NYSE:BDX) announced today that it is collaborating with Scanwell Health to create an at-home rapid COVID-19 test. Scanwell Health, a developer of smartphone-enabled at-home medical tests, will offer its mobile app to pair with a BD antigen test for SARS-CoV-2, the virus causing COVID-19, according to a news release. As part of the collaboration, […]
Google opening office near Mayo Clinic
Google announced today that it will open an office in downtown Rochester, Minn., to be close to Mayo Clinic. The tech giant plans to have an office up and running with a handful of workers as soon as possible, given the ongoing COVID-19 pandemic, according to a news release posted on the website of the […]
RhythMedix launches wearable cardiac monitor with cellular connectivity
RhythMedix announced today that it launched its next-generation RhythmStar wearable device with 4G cellular connectivity. Mount Laurel, N.J.-based RhythMedix’s next-generation RhythmStar with built-in connectivity is discreetly worn for extended remote monitoring without the need for an additional phone or communication device, according to a news release. RhythmStar is designed to enable rapid electrocardiogram (ECG) analysis […]
Are smart knee implants the next big thing in ortho?
Orthopedic device industry watchers think so, and Zimmer Biomet appears set to be the first out of the gate this year through a partnership with the startup Canary Medical. What do drug-eluting stents and “smart” implantable medical devices have in common? It turns out it’s a lot, at least according to Dr. Bill Hunter. The […]
DTW Podcast: Zimmer Biomet slims, Corza Medical grows in pursuit of grabbing market share
In this week’s DeviceTalks Weekly Podcast, Rich Newitter, managing director at SVB Leerink, says Zimmer Biomet’s decision to spin out its spinal and dental business will accelerate its already impressive market share grab in its core orthopedics industry. Newitter says CEO Bryan Hanson brings a tried-and-true diversification model used by companies like his former employer, […]
Philips introduces Medical Tablet for remote patient monitoring
Royal Philips (NYSE:PHG) recently announced the launch of its Medical Tablet in North America, Europe and Japan. The Philips Medical Tablet is meant to provide remote access to patient data. The goal is to allow health providers to improve workflows and better manage increases in patient volume. A fully portable setup is possible for the remote […]
PhysIQ hires Scripps Research Translational Institute doctor as chief medical officer
PhysIQ announced today that it appointed the Scripps Research Translational Institute digital medicine director as its chief medical officer. Dr. Steve Steinhubl will remain with SRTI, where he’s been the director of digital medicine for more than seven years, while he takes on his new role at PhysIQ as he looks to help advance the […]
