Medtronic, Johnson & Johnson MedTech and Siemens Healthineers again lead the Medtech Big 100 list of largest medical device companies. However, there is so much more to Medical Design & Outsourcing and MassDevice‘s 2023 edition of the Medtech Big 100 report. We pulled thousands of data points to provide information on annual revenue, R&D spending, […]
Siemens Healthineers
Siemens Healthineers, SSM ink deal to improve health equity
SSM Health and Siemens Healthineers announced today that they entered into a 10-year strategic partnership focused on health equity. The companies aim to expand access to high-quality care and aid in training the next generation of healthcare workers. Siemens Healthineers says the agreement marks its largest geographic strategic partnership to date. SSM Health, a fully […]
Siemens Healthineers reports temporary logistics challenges at Varian
News of some outbound logistics challenges holding back revenue at Varian helped send Siemens Healthineers (ETR: SHL) stock down today. SHL shares were down more than 5% to €49.16 apiece on the Xetra exchange in Germany. Excluding the declining rapid COVID-19 antigen test business at Siemens Healthineers, comparable revenue growth was at 10.1% during the […]
Siemens Healthineers lays off 67 workers in New Jersey
Siemens Healthineers has let go of 67 workers at a diagnostics facility in Flanders, New Jersey, according to a notice filed with the state Department of Labor & Workforce Development. The WARN notice from Siemens Healthcare Diagnostics, which the state received on June 8, said the layoff goes into effect on September 7. It cited […]
Siemens Healthineers is cutting back on surgical robotics program
Siemens Healthineers said today that it plans to discontinue the use of its Corindus surgical robotics for cardiology procedures. On the company’s second-quarter earnings call, first reported by Reuters, CFO Jochen Schmitz confirmed the strategy shift. He said the “use of Corindus robots for cardiology operations did not fulfill our expectations.” Schmitz reportedly added that […]
Drop in COVID-19 diagnostic sales hampers Siemens Healthineers in Q1
Siemens Healthineers today announced first-quarter financial results that include a projection of single-digit growth in 2023. Despite growth ahead, Siemens Healthineers reported adjusted earnings per share at €0.47 (51¢) for the three months ended Dec. 31, 2022. It reported revenues of nearly €5.1 billion ($5.6 billion) and profits totaling €426 million ($464.9 million). The company […]
Varian wins U.S., European clearance for radiotherapy systems
Siemens Healthineers‘ Varian announced today that it received FDA 510(k) clearance and CE mark for its Halcyon and Ethos systems. Both radiotherapy systems feature Varian’s HyperSight imaging solution. HyperSight enables clinicians to capture high-quality images of patients during their daily radiation treatments. The images help in the daily localization of patient tumors and their uses […]
Siemens Healthineers, GE HealthCare reportedly express interest in Medtronic units
According to reports, Siemens Healthineers and GE HealthCare registered interest in acquiring business units from Medtronic (NYSE:MDT). Bloomberg first reported the interest from the two companies in two units Medtronic plans to spinoff. The outlet cited people familiar with the matter. In October, Medtronic announced its intention to pursue a separation of the company’s Patient […]
Corindus rebrands as Siemens Healthineers Endovascular Robotics
Siemens Healthineers announced that its Corindus company rebranded to “Siemens Healthineers Endovascular Robotics.” In 2019, Siemens Healthineers bought out Corindus for $1.1 billion. Corindus develops the CorPath robot-assisted device for coronary and peripheral vascular procedures. According to a news release, brand unification represents “the final step” in the company integration process that began in 2019. […]
Siemens Healthineers presents duo of new MRI scanners
Siemens Healthineers this week presented its two latest magnetic resonance imaging (MRI) tomographs for clinical and scientific use. The company unveiled its Magnetom Cima.X with 3T field strength and Magnetom Terra.X with 7T at its Siemens Healthineers Shape 23 Keynote. “Due to their high field strengths and strong gradient performance, both scanners will be optimal […]
16 surgical robotics companies you need to know
Intuitive remains the dominant surgical robotics company, but corporations ranging from Medtronic to Vicarious Surgical look to compete. Robotic-assisted surgery remains one of the hottest spaces in medtech. Intuitive, which pioneered the field in the 1990s and early 2000s, continues to innovate. At the same time, a host of other companies are looking to compete. […]
