Masimo (NSDQ:MASI) announced today that University Hospitals (UH) of Cleveland is using its Masimo Patient SafetyNet system. Irvine, California–based Masimo’s Patient SafetyNet remote monitoring and supplemental alarm system could combat nurse burnout by improving workflows and reducing workloads, according to a news release. Such burnout has been a topic of interest amid the latest surge […]
Digital Health
Hillrom’s business outlook is better-than-expected as Baxter prepares to acquire
Analysts are pleased with Hillrom’s (NYSE:HRC) position following a proxy statement last week as it nears its merger with Baxter (NYSE:BAX). Baxter announced last month that it agreed to buy Hillrom for approximately $12.4 billion, with Hillrom shareholders set to receive $156 per common stock share as the company will survive the merger as a […]
Alva Health stroke monitor wins MedTech Innovator startup prize
MedTech Innovator has awarded its $350,000 global startup competition grand prize to Alva Health, the developer of a wearable, real-time stroke monitor. The New Haven, Connecticut-based startup won the medical device accelerator competition after a vote yesterday by attendees of The MedTech Conference, organized by AdvaMed. Get the full story at our sister site, Medical […]
FDA clears Caretaker Medical’s next-gen noninvasive blood pressure monitoring platform
Caretaker Medical (Charlottesville, Virginia) has secured FDA clearance for its next-generation VitalStream wireless blood pressure and hemodynamic monitoring platform, the company said today. The VitalStream wireless platform expands on the previously cleared Caretaker4 wireless patient monitor. The platform, according to the company, can measure blood pressure and hemodynamic parameters with every heartbeat. The result is […]
LumiraDx goes public as SPAC deal closes
LumiraDx shares are trading at more than $8 apiece on the Nasdaq today under the symbol LMDX after the company completed its merger with a SPAC called CA Healthcare Acquisition Corp. The point of care diagnostic testing company has a pipeline of more than 30 assays across common health conditions, including infectious diseases, cardiovascular diseases, […]
FDA clears Koya Medical’s active compression therapy on the go
Koya Medical said today that it has won FDA 510(k) clearance for its Dayspring Lite treatment for lymphedema and venous disease. The Oakland, California–based company’s Dayspring family of treatments enables people to be mobile during active compression therapy — unlike traditional wall-tethered compression pumps. Dayspring Lite is a prescription-only treatment for people who need basic […]
GE Healthcare unveils new AI-powered CT system
GE Healthcare (NYSE:GE) today introduced its Revolution Ascend with Effortless Workflow computed tomography (CT) system. The new CT system includes a new 75 cm wide-gantry, 40 mm detector coverage and lower table position designed to accommodate high body mass index (BMI) patients and trauma cases that would otherwise be too delicate to maneuver in a […]
Caresyntax brings Series C funding to $130M
Digital surgery platform developer Caresyntax announced today that it added a $30 million extension to its Series C funding round. Boston-based Caresyntax’s $30 million extension brings its total Series C funding to $130 million, adding to the first stage announced in April 2021, according to a news release. PFM Health Sciences led the extension, with […]
iRhythm picks Dexcom COO Quentin Blackford as new CEO
iRhythm Technologies (NSDQ:IRTC) announced today that it appointed Quentin Blackford as its new president & CEO. Blackford will assume the role of president & CEO and become a member of the company’s board of directors effective Oct. 4, 2021. The company had been searching for a CEO since June when Mike Coyle announced that he […]
The Decentralized Hospital: Envisioning Our MedTech-fueled Future
The past year has also shown the urgent need to create robust, resilient, sustainable, interconnected health systems to address widespread challenges from high costs and provider burnout to our aging population and beyond. Star’s HealthTech Practice, in collaboration with Magic Leap, has crafted this focused look into the tech-fueled future of healthcare. Our experts assess […]
Baxter to acquire Hillrom for $12.4B
Baxter (NYSE:BAX) announced today that it entered into a definitive agreement to acquire Hillrom (NYSE:HRC) for approximately $12.4 billion. Rumblings of a potential deal surfaced earlier this week, leading to a massive rise for Hillrom’s stock. The expectation was that the companies would reach a deal by midweek so long as talks didn’t fall apart. Those […]