Hill-Rom Holdings (NYSE:HRC) said yesterday that it inked a deal to acquire mobile healthcare communications developer Voalte in a deal worth up to $195 million. Through the deal, Chicago-based Hill-Rom will pay a cash consideration of $180 million and up to an additional $15 million in milestone-based payments. Hill-Rom said that the acquisition of Sarasota, Fla.-based […]
Voalte
Medtech IoT: We need to talk about what is happening in middleware
Middleware could be the key when it comes to discussing how the Internet of Things is going to succeed in medtech. In the most simplistic definition, middleware is software that acts as a bridge between an operating system or database and applications, especially on a network. For example, if a bedside monitor is designed to […]
Haemonetics CEO Concannon steps down | Personnel Moves
Haemonetics (NYSE:HAE) said yesterday its CEO Brian Concannon resigned to pursue other opportunities and will be replaced by board member Ronald Gelbman, who will serve as interim CEO. The company said Concannon will remain with Haemonetics through the end of October to “ensure a seamless transition,” while the board searches for a permanent replacement. “Ron’s intimate […]
Recalls: Insurers look to recoup costs from faulty medical devices | Wall Street Beat
There were 113 Class I medical device recalls between 2005 and 2009, according to the Archives of Internal Medicine, meaning costly medical procedures and possible explantations for 10s of thousands of patients.
Insurance companies are increasingly looking to recoup those costs, Reuters reports, citing a 10-fold increase in mass tort cases over the last decade.
