Lombard Medical Technologies (NSDQ:EVAR) said this month that its CEO Simon Hubbert and CFO William Kullback are stepping down from their positions, with Kurt Lemvigh stepping into the CEO role. Hubbert served as CEO for 6 years after joining the company in 2010, and will be replaced by Lemvigh, who has held positions with multiple companies, including […]
Fresenius
Fresenius acquires generics drugmaker Akorn, Merck’s biosimilars biz
German healthcare company Fresenius (ETR:FRE) said today that it bought U.S. generic drugmaker Akorn Inc. (NSDQ:AKRX) for $4.75 billion and Merck KGaA’s biosimilars business. Since chief executive Stephan Sturm took the helm in June, the company has made takeovers a key part of its strategy. Fresenius bought a Spanish hospital chain for 5.8 billion euros […]
Report: Fresenius set to buy generics maker Akorn
German healthcare group Fresenius SE (NYSE:FMS) reportedly said last week that it is in talks with generic drugmaker Akorn Inc. (NSDQ:AKRX) for a potential takeover. Akorn shares jumped 10% to $32.60 on news of the potential bid. Fresenius said in a statement that there is no guarantee that any deal will happen as a result of […]
Fresenius picks up majority stake in Chinese chronic disease-focused hospital
Fresenius (NYSE:FMS) said today it purchased a 70% equity stake in China’s Kunming Wuhua Health Hospital, a facility specializing in chronic disease management and hemodialysis. The acquisition was officially completed on March 31, Germany-based Fresenius said, and marked the company’s 1st joint venture hospital in China. The hospital will continue to provide chronic-disease management while improving services, […]
Fresenius slips 1st Naturalyte bellwether trial
Fresenius Medical Care (NYSE:FMS) last week won the 1st bellwether trial in a series of product liability lawsuits brought over its GranuFlo and NaturaLyte dialysis drugs, after a Massachusetts jury found that the plaintiff’s estate failed to prove its case. The trial was the 1st case to go to trial among a group of plaintiffs who declined to enter a […]
Fresenius guides for double-digit growth
(Reuters) — Fresenius (NYSE:FMS) set out new targets for 2020 today, aiming for double-digit annual gains in sales and net income. Sales will grow to between €43 billion and €47 billion ($45.3 billion to $49.5 billion) by 2020, from €29.1 billion in 2016, which is an average annual growth rate of 11.2% at the midpoint of the […]
Fresenius Kabi launches Dilaudid injection in Simplist prefilled syringes
Fresenius (NYSE:FMS) business group Fresenius Kabi said today that its Dilaudid hydromorphone HCl injection is available in 4 different presentations of the Simplest prefilled syringes. The Lake Zurich-Ill. company’s Simplist syringes have a 2-year shelf life and do not require any assembly or point-of care preparation. Get the full story at our sister site, Drug Delivery Business […]
Fresenius picks up down-under hospital operator Cura Group
Fresenius Medical Care (NYSE:FMS) said today it picked up a majority stake in Australian day hospital operator Cura Group for an undisclosed amount. Cura owns 19 private day hospitals across Australia and generated revenue of $97.6 million (AUD $127 million) during its last fiscal year, Fresenius said Fresenius said it the purchase was part of a […]
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 […]
Smith & Nephew pulls the trigger on planned CFO succession | Personnel Moves | January 20, 2017
Smith & Nephew (NYSE:SNN) said last week that CFO Julie Brown left the orthopedics & wound care company, after announcing her succession last July. Brown was named finance chief in November 2012 and assumed the role in February the following year. She is moving on to work as chief operating & financial officer for British luxury brand […]
Judge blocks dialysis aid rule
(Reuters) – A U.S. judge on Thursday put on hold a new federal rule that dialysis providers have said would prevent dialysis patients from using charitable assistance to buy private health insurance. U.S. District Judge Amos Mazzant in Sherman, Texas stopped the rule from taking effect Friday as planned. The decision is a victory for […]