The Federal Communications Commission today voted unanimously to allow medical devices to communicate on a key radio frequency that enables "mobile body area networking," a move highly praised by big device makers for its potential to make hospital care simpler and cheaper.
GE Healthcare
Sue Siegel takes over GE Healthcare’s Healthymagination | Personnel Moves
Former life sciences venture capitalist Sue Siegel is taking over as CEO of the Healthymagination unit of GE‘s (NYSE:GE) health care division.
Siegel was most recently a general partner at Mohr Davido Ventures where she lead the VC firm’s molecular diagnostics and digital health investment unit. Her new role at GE includes head of Healthymagination as well as GE Corporate VP.
Agilent’s $2.2B all-cash bid for Dako is largest in company history | MassDevice.com On Call
MASSDEVICE ON CALL — Agilent Technologies (NYSE:A) doled out more than $2 billion in cash to acquire Dako, a Denmark-based cancer diagnostic company with more than 1,000 employees with a foothold in more than 100 countries.
The deal, intended to grow Agilent’s life sciences business, is the largest in the company’s history, according to a press release.
HRS 2012 Roundup: Cameron Health, Topera Medical and Riata take center stage
GE Healthcare inks co-development deal with J&J’s Biosense Webster
Covidien, GE Healthcare ink 5-year deal
Medtronic, J&J, Abbott make the list of 100 best corporate citizens for 2012
A clutch of med-tech titans made the grade for Corporate Responsibility magazine’s 100 best corporate citizens for 2012.
CR selected companies based on their recent track record in areas such as human rights, philanthropy, employee relations and environmentalism, encompassing 318 data elements in total.
Among the honorees was Minneapolis, Minn.-based Medtronic (NYSE:MDT), the world’s largest pure-play medical device maker, which came in at #50.
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[sead] “Being a good corporate citizen is an important part of our mission,” Medtronic chairman & CEO Omar Ishrak said in prepared remarks.
GE Healthcare’s Q1 sales, earnings rise
General Electric‘s (NYSE:GE) GE Healthcare division logged a double-digit profit increase during the 1st quarter on a 5% addition to the top line.
The industrial conglomerate’s healthcare segment reported operating profits of $585 million on sales of $4.30 billion for the 3 months ended March 31, compared with operating profits of $531 million on sales of $4.09 billion during the same period last year.
Gingrich’s health consulting group goes under | Wall Street Beat
The Center for Health Transformation, a health care think tank launched by GOP presidential hopeful Newt Gingrich, filed for Chapter 7 bankruptcy this week, listing liabilities of between $1 million and $10 million that it says it can’t repay.
The organization’s assets, which it listed in court filings at between $50,000 and $100,000, will be liquidated and the business may subsequently close.
Fujifilm closes $1B SonoSite deal | Wall Street Beat
Fujifilm Holdings (TSE:4901) said it closed its $54-per-share acquisition of SonoSite (NSDQ: SONO).
Device tax spurs Hill-Rom to lay off 200 | Wall Street Beat
Hill-Rom Holdings (NYSE:HRC) said it will lay off about 3% of its workforce, or roughly 200 workers, as it maneuvers to confront the medical device tax set to go into effect next year.