The University of Minnesota recently announced that it released the design for its Coventor alternative ventilator as open-source. Minnesota’s Coventor low-cost device gained notoriety in March after researchers touted the design made from various parts totaling just $150. In April, it became the first ventilator of its kind authorized for use under the FDA’s EUA […]
UnitedHealth Group
Quarterly M&A is in the billions in Minnesota’s Medical Alley
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 […]
Inspire Medical scores reimbursement win from UnitedHealth
Inspire Medical Systems (NYSE:INSP) logged another reimbursement win, this time with the nation’s largest private insurer, UnitedHealth. Minneapolis-based Inspire makes an eponymous device designed to treat obstructive sleep apnea using hypoglossal nerve stimulation. UnitedHealth has about 41 million lives under coverage, Inspire said. “We are very pleased to receive this positive coverage decision from UnitedHealthcare. […]
UnitedHealth Group’s Optum sues VP who left for Amazon venture
UnitedHealth Group’s Optum IT-based health services unit has sued former VP David Smith, claiming that he misappropriated trade secrets before leaving to join a new healthcare venture supported by Amazon. Smith’s lawyers are seeking to move the case to arbitration. The complaint, filed Jan. 16 in U.S. District Court in Massachusetts, accuses Smith of printing out […]
Study: Digital tools prove useful for kids with Type I diabetes
A six-month study found that children and teenagers with Type I diabetes who participated in an intensive remote therapy pilot program saw improved blood glucose control compared to those who received traditional care. The study, conducted by UnitedHealth (NYSE:UNH) and Children’s Hospitals & Clinics of Minnesota, was published last month in the journal Pediatric Diabetes. Get the full story […]
Optum CEO Renfro steps down to lead expanded investment fund
In a major personnel shift, UnitedHealth Group (NYSE:UNH) announced this week that Larry Renfro, CEO of its subsidiary Optum, will step away from the corner office to become managing partner of Optum Ventures and its expanded $600 million investment fund. Ex-GlaxoSmithKline (NYSE:GSK) chief executive, Andrew Witty, will take Renfro’s place as CEO of Optum on […]
Dexcom inks continuous glucose monitoring deal with UnitedHealth
Shares in Dexcom (NSDQ:DXCM) rose 4% today after the company announced a partnership with UnitedHealth (NYSE:UNH) to assess if data from a continuous glucose monitor can help people with Type II diabetes manage their condition in a cost-effective way. UnitedHealth is slated to use CGM data, as well as diet and exercise activity, in a study of 10,000 people […]
Mediware taps ex-Optum exec Miller for CEO | Personnel Moves July 28, 2017
Healthcare tech group Mediware Information Systems said it tapped former United-Health Group subsidiary OptumInsight chief exec Bill Miller as its new CEO, replacing Kelly Mann, who has served in the corner office since 2007. Mediware said that Miller will work with the Lenexa, Kansas-based company’s management to “build and accelerate the company’s platform” to expand […]
9 women medtech leaders you need to know
Women account for 50.8% of the U.S. population, yet they only represent 14.8% of all CEOs in the U.S., according to the Center for American Progress. About 78.4% of healthcare industry workers – but only 34.3% of all surgeons and physicians and 15.9% of medical school deans – are women, the center reports. And according to […]
UnitedHealth to buy Surgical Care Affiliates for $2.3B
(Reuters) – UnitedHealth Group Inc‘s said it would buy Surgical Care Affiliates Inc for about $2.30 billion, adding heft to its business that provides services including primary and urgent care in ambulances. The deal is part of UnitedHealth’s strategy of operating across the entire spectrum of health services, spanning health systems, physicians and health plans. […]
Seno Medical grabs ex-CeloNova CFO Davis | Personnel Moves August 12, 2016
Seno Medical grabs ex-CeloNova CFO Davis Seno Medical Instuments said this week it tapped former CeloNova BioSciences chief financial officer Eric Davis to take over the CFO role at Seno Medical. Prior to his years at CeloNova, Davis operated as CFO and operating officer at Genesis Networks Enterprises. Seno Medical said that Davis has more than […]
