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 […]
Hillrom
MedTech 100 roundup: Another peak for the industry
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 […]
Hillrom to buy Bardy Diagnostics for $375M
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 […]
Hillrom beats The Street in Q4
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 […]
MedTech 100 roundup: Industry hits another mid-pandemic high
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 […]
Hillrom sinks despite Street-beating Q3 results
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 […]
Hillrom launches two new respiratory health systems
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,” […]
Hillrom launches remote vital signs monitoring system
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 […]
Hillrom secures EUA for use of MetaNeb system with coronavirus patients
Hillrom (NYSE:HRC) announced today that it received FDA emergency use authorization (EUA) for its MetaNeb system to help COVID-19 patients. Chicago-based Hillrom designed MetaNeb to combine lung expansion, secretion clearance and aerosol delivery into a single therapy session available for use with any ventilator. MetaNeb includes a closed-circuit design with a bacterial-viral filter to protect patients […]
Hamilton Medical, Vyaire lead the way among 7 new ventilator contracts from HHS
Hamilton Medical, Vyaire and Zoll Medical by far had the largest ventilator contracts among seven new deals that the U.S. Department of Health and Human Services has announced. The contracts, announced yesterday evening and worth a total of $1.44 billion, come on top of previously announced deals with Royal Philips (NYSE:PHG), which is receiving $646.7 million, […]
Trump uses DPA to boost supplies to certain ventilator manufacturers
President Donald Trump yesterday invoked the Defense Production Act to reduce supply-chain problems for certain manufacturers to produce ventilators. In the executive order, the president gave the secretaries of the departments of Health & Human Services and Homeland Security the power to secure materials for General Electric (NYSE:GE), Hillrom (NYSE:HRC) , Medtronic (NYSE:MDT), ResMed (NYSE:RMD), Philips (NYSE:PHG) and Vyaire Medical. Ventilator […]