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Hillrom

Hillrom has a serious overhead lift recall

February 22, 2021 By Danielle Kirsh Leave a Comment

FDA has designated Hillrom’s recall of its Liko Multirall 200 overhead lift as Class I, its most serious level. Hillrom (NYSE:HRC) initiated the recall on Dec. 18, 2020. It involves 11,600 devices, which are used to move patients from room to room. The recalled devices have a risk of the Q-link strap locks not attaching to […]

Filed Under: Food & Drug Administration (FDA), Recalls Tagged With: Hillrom

These 5 medtech companies made it into the top 200 of Forbes’ best places to work list

February 12, 2021 By Danielle Kirsh

Johnson & Johnson, Steris, Philips, Fujifilm Holdings and Boston Scientific were recently named among Forbes’ best large employers in America, based on feedback from their employees. Forbes partnered with a market research firm to survey 50,000 Americans working for businesses with at least 1,000 employees. Survey participants were asked to rate their willingness to recommend their employer […]

Filed Under: Business/Financial News, Featured Tagged With: 3m, Boston Scientific, Forbes, Fujifilm, Hillrom, Johnson & Johnson, Medline Industries Inc., Philips, Siemens, Steris Corp., Stryker

Hillrom beats The Street in Q1, raises 2021 guidance

February 8, 2021 By Sean Whooley

Hillrom (NYSE:HRC) shares remain up after Street-beating first-quarter results and a raised 2021 guidance. The Chicago-based company posted profits of $58 million, or 88¢ per share, on sales of $741.1 million for the three months ended Dec. 31, 2020, for a 47.7% bottom-line gain on sales growth of 8.2%. Adjusted to exclude one-time items, earnings […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: coronavirus, COVID-19, Hillrom

EarlySense sells contact-free monitoring system to Hillrom

February 1, 2021 By Danielle Kirsh

EarlySense today said it has sold its contact-free continuous monitoring technology to Hillrom. Through the deal, EarlySense will receive licensing for all intellectual property and technology sold to Hillrom and $30 million in cash with potential payments based on certain commercial milestone achievements. EarlySense will also receive a portion of Hillrom’s equity investment in the […]

Filed Under: Business/Financial News, Patient Monitoring Tagged With: EarlySense, Hillrom

MedTech 100 roundup: Another peak for the industry

January 25, 2021 By Sean Whooley

Medtech stocks have been on the rise in 2021, and the past week saw the trend continue with yet another all-time best mark. MassDevice‘s MedTech 100 index reached 107.4 points on Jan. 20, topping the all-time best of 106.81 points set on Jan. 8. That mark represents a 16% jump from the pre-pandemic high of 92.32 […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Abbott, Amazon, Bardy Diagnostics, Boston Scientific, Cardiva Medical Inc., coronavirus, COVID-19, COVID-19 vaccine, GE Healthcare, Haemonetics, Hillrom, Intuitive Surgical, Joe Biden, MedTech 100 Index, Mesa Biotech, Obalon Therapeutics, Philips, Preventice, ReShape Lifesciences, Thermo Fisher Scientific

Hillrom to buy Bardy Diagnostics for $375M

January 19, 2021 By Chris Newmarker

Hillrom (NYSE:HRC) has agreed to spend $375 million to acquire Bardy Diagnostics and its Carnation Ambulatory Monitor, or CAM patch. Analysts at Baird described the CAM patch as a long-term Holter wearable biosensor. Hillrom said in a news release out today that the BardyDx purchase complements Hillrom’s present cardiology portfolio of cardiac stress exercise, Holter and […]

Filed Under: Business/Financial News, Cardiovascular, Diagnostics, Digital Health, Featured, Mergers & Acquisitions Tagged With: Bardy Diagnostics, Hillrom

Hillrom beats The Street in Q4

November 6, 2020 By Chris Newmarker

Hillrom (NYSE:HRC) today reported fourth-quarter results that exceeded the consensus forecast on Wall Street, and company officials foresee stronger-than-expected earnings in the coming months. The Chicago-based maker of hospital beds, patient monitoring and diagnostic equipment and more reported profits of $42.4 million, or 63¢ per share, on sales of $705.3 million for the three months ended […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: Hillrom

MedTech 100 roundup: Industry hits another mid-pandemic high

August 3, 2020 By Sean Whooley

Despite a minor regression week-over-week, the medtech industry’s stocks hit another milestone as the COVID-19 rebound remains in progress. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.01 points at the end of last week (July 31). Overall, medtech stocks saw a -0.3% increase from the […]

Filed Under: Business/Financial News, Diagnostics, Featured, Funding Roundup, Genomics/Molecular Diagnostics, MassDevice Earnings Roundup, Research & Development, Wall Street Beat Tagged With: 3m, Baxter, Boston Scientific, coronavirus, COVID-19, Dexcom, GE Healthcare, GlaxoSmithKline plc, Hillrom, Hologic, MedTech 100 Index, Moderna, National Institutes of Health (NIH), Philips, Sanofi, Smith & Nephew, Stryker, Tandem Diabetes Care, Teleflex

Hillrom sinks despite Street-beating Q3 results

July 31, 2020 By Sean Whooley

Hillrom (NYSE:HRC) shares took a hard hit today despite third-quarter results that came in ahead of the consensus forecast. Shares of HRC were down -14.4% at $99.06 per share in mid-morning trading today. The Chicago-based company posted profits of $93.9 million, or $1.40 per share, on sales of $767.5 million for the three months ended June […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Respiratory, Wall Street Beat Tagged With: Hillrom

Hillrom launches two new respiratory health systems

July 13, 2020 By Danielle Kirsh

Hillrom today said it has launched two new respiratory health innovations, the Volara System for oscillation and lung expansion therapy and the Synclara Cough System. “As part of our vision of Advancing Connected Care, we want to make it easy for patients to leave the hospital with the technologies they need to get better faster,” […]

Filed Under: Respiratory Tagged With: Hillrom

Hillrom launches remote vital signs monitoring system

June 16, 2020 By Sean Whooley

Hillrom (NYSE:HRC) announced today that it launched its Hillrom extended care s0lution for vital signs monitoring and shifting care closer to home. Chicago-based Hillrom’s monitoring device ensures caregiver access to data-driven information with the Welch Allyn 4400 all-in-one vital signs platform that includes a patient app and clinician review portal, according to a news release. The […]

Filed Under: Business/Financial News, Health Technology, Patient Monitoring, Software / IT Tagged With: Hillrom

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