Former employees at the Centers for Medicare & Medicaid Services used confidential information on Medicare reimbursement changes for radiation treatments and dialysis in a nearly $4 million insider trading scheme, federal prosecutors and the U.S. Securities & Exchange Commission alleged today. An SEC lawsuit and a criminal complaint accuse political consultant David Blaszczak, founder of Precipio Health Strategies […]
DaVita Inc.
Judge extends block on HHS rule requiring disclosure of financial assistance for dialysis patients
A Texas federal judge today extended a block on a federal rule that would require dialysis providers to disclose any charitable assistance patients receive to insurers. The indefinite extension was granted by U.S. District Judge Amos Mazzant in Sherman, Texas, in a suit filed by dialysis providers including Fresenius Medical Care (NYSE:FMS), DaVita. The rule, which was announced by […]
DaVita, Medtronic to study arrhythmia in dialysis patients
B. Braun, DaVita ink supply deal
B. Braun Medical said it’s entered an agreement with DaVita to provide its Dialog+ dialysis equipment to fill a portion of DaVita’s product requirement.
Bethlehem, Pa.-based Braun has been a leader in the dialysis field for years and has a long-standing relationship with DaVita. The Dialog+ system allows patients to have the greatest number of possible configurations for individual treatment.
DaVita gets in on $12M round for CVRx
CVRx said it added $12 million from DaVita HealthCare, Ysios Capital and others to its Series F funding round, taking the total for the round to $42 million.
The Minneapolis-based company is planning to use the money to advance clinical trials and expand its international commercial footprint, according to a press release. CVRx developed the Barostim Neo, a pacemaker-like device designed to treat hypertension.
Medicare’s proposed dialysis cut takes a toll on device makers
Updated July 2, 2013, at 3:45 p.m. with comment from NxStage Medical.
Updated July 2, 2013, at 5 p.m. with comment from Fresenius.
Dialysis technology makers slid hard today after the Center for Medicare & Medicaid Services proposed a reimbursement decrease of more than 9% for 2014.
Sunshine Heart seeks $25.5M in equity funding round | Wall Street Beat
Eden Prairie, Minn., and Sydney-based medical device company Sunshine Heart (ASX:SHC) is looking to raise funds in a $25.5 million equity funding round, according to document filed with the SEC earlier this month.
Hamilton Thorne names new CEO | Personnel Moves
Laser-based lab equipment maker Hamilton Thorne Inc. (TSX-V: HTL) has named company president David Wolf as CEO. Wolf takes over the post from company co-founder Meg Spencer, who will remain with Hamilton Thorne as chairman of the board and a chief strategic advisor.
Wolf, who helped take the company public, has been president of the Hamilton Thorne since 2009 and will continue to hold that role along with the additional CEO responsibilities.
Green med-tech: Becton Dickinson and Davita team up with Waste Management to recycle dialysis waste
Updated: 8/11/2011 1:15 p.m.
Kidney care services provider DaVita Inc. (NYSE:DVA) is taking on the environmental footprint left by its customers by launching a pilot program to recycle some of the waste from dialysis centers.
Allergan beats and raises on 14 percent boost in sales | Earnings Roundup
Allergan Inc. (NYSE:AGN) touted a strong quarter on the back on growing sales.
The Irvine, Calif.-based company saw strong growth in revenue in the three months ended June 30, posting $1.4 billion in sales, which amounts to a 14 percent increase over $1.2 billion in sales reporting during the same time last year.
Device sales jumped 12 percent to $245 million for the quarter, compared to $219 million in Q2 2010.
Laser maker Spectranetics names Scott Drake new CEO
Coming out of a dark phase its company’s history, Spectranetics Corp. (NSDQ:SPNC) is starting fresh with a new man in the corner office: former senior VP of operations at DaVita Inc. (NYSE:DVA), Scott Drake.
Drake takes the helm at the Colorado Springs-based cardiac ablation laser company after the resignation of Emile Geisenheimer, who continues to serve on the company’s board of directors.