Qualcomm (NASDAQ:QCOM) medical-device focused subsidiary Qualcomm Life has been sold to private equity firm Francisco Partners and renamed to Capsule Tech, as it will now function as a stand-alone business, the PE firm said yesterday. The companies did not reveal any financial details about the transaction, but said that Capsule Tech will continue to operate […]
Wright Medical COO, ex-Tornier CEO Mowry, steps down Wright Medical (NSDQ:WMGI) said yesterday its exec veep and chief operating officer, and former Tornier (NSDQ:TRNX) CEO, David Mowry will be stepping down from the company on May 6 to pursue other opportunities. The company did not indicate who would take Mowry’s position. Read more
Qualcomm (NASDAQ: QCOM) medical data management subsidiary Capsule Tech said it received FDA 510(k) clearance for its SmartLinx Vitals Plus patient monitoring system. The SmartLinx system integrates remote monitoring of patient vital signs and clinical patient documentation into a single platform as part of Capsule’s broader SmartLinx medical device information system. “Today’s patient bedside is crowded with […]
Updated with comments from Qualcomm and Capsule Tech Qualcomm (NASDAQ: QCOM) said yesterday its subsidiary Qualcomm Life has purchased medical data management company Capsule Tech for an undisclosed amount. The San Diego, Calif.-based company said the acquisition will allow Qualcomm Life to expand from into hospitals, taking over Capsule’s 1,930 hospital clients in 38 countries. “For Qualcomm […]
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Former Boston Scientific Corp. (NYSE:BSX) CEO James Tobin joined the board of directors at Aptus Endosystems Inc., a device company specializing in treating abdominal aortic aneurysms.
Tobin made quite a name for himself while occupying the corner office at med-tech giant Boston Scientific, where he was chief for a decade. He officially retired in July 2009 and was succeeded by Ray Elliott.