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Medical Alley Assn.

COVID-19 lessons learned: 2 manufacturers, a healthcare system and a logistics company share their wisdom

June 19, 2020 By Nancy Crotti

The COVID-19 pandemic put medtech contract manufacturers, OEMs, distributors and healthcare providers in situations for which they were unprepared, particularly with their supply chains. What they learned will undoubtedly help them all going forward, especially if the world faces a second wave or another novel virus. Here are some supply chain lessons learned by a […]

Filed Under: Business/Financial News, Contract Manufacturing, Distribution, Featured, Outsourcing, Patient Monitoring, Respiratory Tagged With: 3m, CentraCare Health, COVID-19, King Solutions, Medical Alley Assn., Nonin Medical Inc., supply chain

Permanent repeal of medical device tax headed to president’s desk

December 19, 2019 By Nancy Crotti

This article has been updated with comments from the Medical Alley Association and the Massachusetts Medical Device Industry Council (MassMEDIC). Both houses of Congress have now passed the 2020 federal spending package, which includes a provision to permanently repeal the 2.3% medical device excise tax. The package of eight spending bills awaits the signature of […]

Filed Under: Business/Financial News, Featured Tagged With: AdvaMed, MassMEDIC, Medical Alley Assn., Medical Device Manufacturers Association, medical device tax

Medical device excise tax would reduce R&D spending, report says

December 9, 2019 By Danielle Kirsh

The medical device excise tax will reduce research and development spending and impede innovation if reinstated in 2020, according to a report from Minnesota trade group Medical Alley Association. In the report, Medical Alley surveyed its members that will be affected by the return of the tax on Jan. 1, 2020. About 83% of survey […]

Filed Under: Business/Financial News, Featured, Research & Development Tagged With: Medical Alley Assn., medical device tax

Medical Alley to collaborate with Accenture for Healthcare Transformation Initiative

November 18, 2019 By Sean Whooley

The Medical Alley Association and Accenture (NYSE:ACN) announced today that they are collaborating to lead phase one of the Healthcare Transformation Initiative campaign in an effort to redefine the course of healthcare. HTI-MA is an initiative with the goal of bringing together healthcare leaders to define realities of today’s healthcare system, identify modes of collaboration for […]

Filed Under: Business/Financial News, Healthcare Reform Tagged With: Accenture, Medical Alley, Medical Alley Assn.

Quarterly M&A is in the billions in Minnesota’s Medical Alley

July 15, 2019 By Nancy Crotti

Mergers and acquisitions neared $15 billion among Medical Alley Association members in the second quarter of 2019, the Minnesota trade group said today. About half of that was generated by one company — Minnetonka-based UnitedHealth Group (NYSE:UNH), which completed its long-awaited $4.3 billion acquisition of DaVita Healthcare (NYSE:DVA) in June. United also acquired two other companies in the […]

Filed Under: Big Data, Business/Financial News, Featured, Funding Roundup, News Well Tagged With: bestbuy, CVRx Inc., DaVita Inc., Medical Alley Assn., Medtronic, MicroOptx, UnitedHealth Group

Tariffs on Mexico could hit medtech hard

June 6, 2019 By Nancy Crotti

The medical device industry is bracing for a potential multi-million-dollar fallout from a proposed tariff on all products coming into the United States from Mexico. The StarTribune of Minneapolis reports that the cost of these devices could skyrocket and that the effects would be widespread within the industry, costing tens of millions of dollars a […]

Filed Under: Business/Financial News, Featured, News Well Tagged With: AdvaMed, Medical Alley Assn.

Best Buy wants to get mHealth into seniors’ homes: Here’s how

April 25, 2019 By Chris Newmarker

Want to get mHealth and other medical devices into seniors’ homes? Best Buy (NYSE:BBY) and its Geek Squad may be the way in the door. “For companies looking to bring healthcare interactions into the home, we could be a fairly useful partner,” Asheesh Saksena, president of Best Buy Health, told hundreds of medical device industry […]

Filed Under: Business/Financial News, Digital Health, Featured, News Well Tagged With: bestbuy, Digital Health, Medical Alley, Medical Alley Assn.

Medical Alley companies beat Q1 investment total

April 1, 2019 By Nancy Crotti

A surge in first-quarter 2019 investments in Medical Alley Association member startups pushed them past their performance in the same quarter last year, according to the Minnesota-based trade group. Seven of the 10 largest raises of the quarter went to medical device companies, which propelled the sector to its best first quarter on record, nearly doubling the […]

Filed Under: Business/Financial News, Funding Roundup, News Well Tagged With: CHF Solutions Inc., Medical Alley Assn., Monteris Medical, nuvaira

Sterilization plant closures: Here’s why you need to care

March 29, 2019 By Nancy Crotti

The recent shutdown of a Sterigenics medical device sterilization plant in Willowbrook, Ill. has affected medtech giants such as Becton Dickinson (NYSE:BDX), Boston Scientific (NYSE:BSX), Medtronic (NYSE:MDT), Smith & Nephew (NYSE:SNN) and Stryker (NYSE:SYK), according to an FDA list of devices processed at the sterilization plant. Medium-sized and smaller firms, including Teleflex (NYSE:TFX), Arthrex and ArthroCare also had devices processed there. The Willowbrook plant sterilized 594 types of devices, including sutures, clamps, […]

Filed Under: Business/Financial News, Cardiovascular, Catheters, Drug-Eluting Stents, Featured, Food & Drug Administration (FDA), Implants, News Well, Orthopedics, Outsourcing, Regulatory/Compliance, Spine, Stents, Sterilization / Calibration, Surgical Tagged With: AdvaMed, Arthrex Inc., ArthroCare Corp., becton dickinson, Boston Scientific, FDA, MassMEDIC, Medical Alley Assn., Medtronic, Smith & Nephew, sterigenics, Stryker, Teleflex

The Danes are coming to Medical Alley

January 9, 2019 By Nancy Crotti

A delegation of Denmark’s medtech and health leaders is traveling to Minnesota’s Medical Alley next week to solidify a partnership with Denmark’s MedTech Bridge. MedTech Bridge is a nonprofit program established to expand the relationship between medical device and digital health companies in Denmark and the United States and to scale commercial-stage Danish medtech businesses in the U.S. […]

Filed Under: Business/Financial News, News Well Tagged With: Coloplast, earlebakkenmedicaldevicescenter, finessepartners, gener8tor, Medical Alley Assn., medtechbridge, medtrace, treehousehealth

Minnesota’s medtech industry raised $90M in Q3 2018

November 13, 2018 By Nancy Crotti

 Investments in Medical Alley medtech companies, which had dipped in recent years, have made a comeback, according to the Minnesota trade association. Device companies raised $90 million in the third quarter, pushing the year-to-date total to nearly $200 million raised by 33 companies. Q3’s largest raises in medtech included Urotronic ($26 million, including $20M in Series B funds), 4C Medical ($17 million), […]

Filed Under: Business/Financial News, Featured Tagged With: 4cmedical, Cardialen Inc., Medical Alley Assn., urotronic

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