Corindus Vascular Robotics (NYSE:CVRS) reported its second-quarter financials today, revealing that it inked a deal to be acquired by Siemens Healthineers (NYSE:SI) in an all-cash deal valued at roughly $1.1 billion. Siemens Medical Solution, a subsidiary of Siemens Healthineers, is slated to acquire all issued and outstanding common stock in Corindus for $4.28 apiece in cash. The […]
Report: “Unglamorous” medtech outshines biopharma in 2019
Medtech merger and acquisition deal announcements slowed in the first half of 2019, but the industry got a boost from Verily’s $1 billion round of funding — the largest ever for a medtech firm. The Verily round was twice the size of the biggest-ever VC deal for a biotech company, according to the Vantage Half-Year […]
Siemens wins FDA nod for Mobilett Elara Max mobile X-ray
Siemens (NYSE:SI) Healthineers said today that it won FDA 510(k) clearance for its Mobilett Elara Max mobile X-ray system. The Erlangen, Germany-based company touted that the newly cleared system features improved IT security and secure system integration to allow access of patient data at any time. Siemens Healthineers also said that the system features antibacterial coating and […]
Here’s how precision medicine could change medical imaging
The business of precision medical imaging is poised to take off in the next few years, according to a new analysis by Frost & Sullivan. The market research firm’s report, “Growth Opportunities in Precision Medical Imaging, Forecast to 2022,” said new technologies and processes in diagnostic and therapeutic imaging could spur the market to grow […]
FDA green-lights Siemens Healthineers Magentom Lumina 3T MRI
Siemens Healthineers has received FDA clearance for its Magnetom Lumina 3 Tesla MRI scanner. The scanner features BioMatrix patient personalization that helps improve productivity and ensure consistent quality, according to the company. It has a wide, 70 cm bore and GO technologies that are powered by artificial intelligence to speed up MRI workflow. Magnetom Lumina […]
Siemens Healthineers posts mixed-bag FY2019 Q1 earnings
Siemens (NYSE:SI) Healthineers this week posted first quarter fiscal year 2019 earnings that showed both sales and bottom-line growth, but saw its diagnostics and advanced therapies divisions profits shrink compared with the same period during the previous year. The Erlangen, Germany-based company posted profits of approximately $394.1 million (EU €345 million), or 39¢ per share (EU €0.34 […]
Siemens wins FDA nod for Cios Spin mobile 3D C-arm
Siemens (NYSE:SI) Healthineers said today that it won FDA clearance for its Cios Spin mobile C-arm device for intraoperative 3D imaging. The newly cleared Cios Spin produces 3D computed tomography-like imaging for orthopedic, trauma and spinal surgery that Siemens claims can reduce the rate of revisions and need for post-operative CT. The Cios Spin supports both 2D […]
Siemens Healthineers, Healthy.io ink home kidney monitoring deal
Siemens (NYSE:SI) Healthineers said today it inked a deal with Healthy.io looking to improve home chronic kidney disease monitoring. Through the deal, the companies will look to offer a home-based alternative to periodic urine testing to monitor kidney function, which requires patients travel to a clinician’s office. Siemens said it will supply urinalysis reagents which will be […]
The 10 largest medical device companies in the world
Medtronic and Johnson & Johnson remain the world’s largest medical device companies. But after that, the roster is radically shifting amid a slew of mergers and acquisitions. In some cases such as GE, Philips and Siemens, major multinationals are breaking apart. We’ve sifted through data from public companies’ annual reports and other publicly disclosed information, […]
Medical University of South Carolina, Siemens Healthineers ink healthcare delivery partnership
The Medical University of South Carolina and Siemens Healthineers have forged a partnership to disrupt and reshape healthcare delivery. The partnership will use MUSC’s clinical care, research and education expertise with Siemens Healthineers’s engineering innovations and workflow-improvement capabilities. “We are leveraging a longstanding relationship to reshape what we can both deliver in healthcare,” David J. Cole, […]
NuVasive, Siemens ink spinal surgery joint dev deal
NuVasive (NSDQ:NUVA) said yesterday it inked a strategic partnership deal with Siemens (NYSE:SI) Healthineers looking to develop and advance technology designed for minimally invasive spinal surgery. Through the deal, dubbed the Spine Precision Partnership, the companies will look to jointly advance their proprietary technologies, looking to improve operating room workflow efficiency and the delivery of minimally disruptive spinal […]
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