Hill-Rom Holdings (NYSE:HRC) said today it launched improved workflow efficiency and security features for its Welch Allyn Connex vital signs monitoring devices enabled by healthcare IT security company Imprivata. The company’s monitoring devices now feature integrated secure access for improved protection for data collected or stored on the Connex devices, the Chicago-based company said. Connex devices now […]
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Study: Hill-Rom’s Metaneb System lowers risk of post-operative pulmonary complications
Researchers at the 47th Society of Critical Care Medicine reported this week that Hill-Rom‘s (NYSE:HRC) Metaneb System may help reduce the incidence of post-operative pulmonary complications in high-risk patients. A 419-patient study found that patients using the Metaneb System combined with standard respiratory therapy spent 1.6 fewer days in the hospital on average compared to the […]
Siemens Healthineers taps ex-Abbott Vascular prez Nath to lead lab diag biz | Personnel Moves January 30, 2018
Siemens (NYSE:SI) Healthineers said today it tapped former Abbott (NYSE:ABT) Vascular president Dr. Deepak Nath as its new laboratory diagnostics business president, taking over for Franz Walt who operated as president from 2014 to 2017. Nath spent 10 years with Abbott, serving most recently as its vascular division president and as an executive officer of the company, and […]
Is tax reform good or bad for medical device companies?
Medical device companies and others in the healthcare sector stand to benefit from the tax reform Congress passed at the end of 2017, but the picture isn’t entirely rosy, according to a new report from S&P Global Ratings. In many ways, the report offers a corrective to the bullish statements coming from corporate CEOs such […]
Cerner taps former head of Philips North America to take over corner officer | Personnel Moves January 11, 2018
Cerner Corp. (NSDQ:CERN) said yesterday that it named Brent Shafer to serve as chairman & CEO effective Feb. 1. Shafer previously served as CEO of Philips‘ (NYSE:PHG) North America business. Cerner’s co-founder Cliff Illig has been serving as interim CEO and chairman of the board since July last year. Illig said he plans to resume […]
Hill-Rom shares tick up on Street-topping Q1 prelims
Hill-Rom Holdings (NYSE:HRC) today saw shares lift today after it released preliminary fiscal first quarter revenue that topped expectations on The Street. For its first quarter of fiscal year 2018, Chicago-based Hill-Rom said it expects to post sales of approximately $670 million, up 5% from its fiscal first quarter last year. The preliminary sales numbers were […]
Hill-Rom’s Q4, 2017 earnings top estimates, sales miss
Hill-Rom Holdings (NYSE:HRC) shares came under pressure this morning after the medical device company reported fourth-quarter and full-year results that beat Wall Street’s consensus on earnings but missed its sales forecast. Chicago-based Hill-Rom posted profits of $69.4 million, or $1.03 per share, on sales of $643.5 million for the three months ended Sept. 30, for […]
7 medtech stories we missed this week: Oct. 20, 2017
From InspireMD’s distribution deal to RenalGuard touting a new study, here are seven medtech stories we missed this week but thought were still worth a mention. 1. InspireMD inks Chile distribution deal InspireMD announced in an Oct. 12 press release that it has signed a distribution deal with CorpMedical Chile to distribute the MGuard Prime […]
Keeping a patient’s lungs clean & expanded after surgery: a Drug Delivery Business News podcast
Every year, more than 1 million patients in the U.S. find themselves suffering from respiratory complications following surgery, according to Hill-Rom. These complications come at a cost – to both the patient and the hospital. A respiratory problem can increase a patient’s time in the hospital by as much as 89%. More people die each year […]
Analyst: Hurricanes Harvey, Irma, Maria expected to have impact on med device revenue
The combination of hurricanes Harvey, Irma and Maria are expected to have at least a net 1% impact on US med device revenue for the 3rd quarter, according to a Barclay’s note to investors from analyst Matt Taylor. The disruptions from Maria could extend their impact into the 4th quarter, according to Taylor, who said […]
Hill-Rom lands $45m Pentagon contract
Hill-Rom Holdings (NYSE:HRC) won a $45 million contract with the U.S. Defense Dept. to provide hospital equipment and accessories to the military and federal agencies. The Batesville, Ind.-based Hill-Rom unit that landed the five-year deal beat out 26 other bidders for the contract, the Pentagon said. There are no renewal options on the deal. The […]