NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Hospitals Industry.

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Aegis Medical Innovations Inc. (Aegis) today announced that it has received Investigational Device Exemption approval from the U.S. FDA to initiate a clinical trial in the U.S. for its medical device called the Sierra Ligation System (Sierra). Aegis developed the Sierra technology in partnership with the Mayo Clinic in Rochester,…

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Varex Imaging Corporation announced it has entered into a renewed three-year pricing agreement with Toshiba Medical Systems under which Varex Imaging will continue to supply its computed tomography (CT) tubes for integration into Toshiba Medical's CT imaging systems for the global market. This renewed agreement will be effective April 1,…

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Well Lead Medical Co Ltd Says its hospital investment management unit plans to invest 8 million yuan to set up a Meizhou-based hemodialysis unit. Says its hospital investment management unit plans to invest 5 million yuan to set up a Zhuhai-based hemodialysis unit.   Source: reuters.com

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Cincinnati has joined Atlanta in a mega-expansion of its children’s hospital, according to a report from sister news organization Cincinnati Business Courier. Cincinnati Children’s Hospital Medical Center has revealed plans for a $650 million expansion, the nonprofit’s biggest project ever. The website ConstructionDive said it joins the $1 billion Boston…

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Private equity firm BC Partners LLP is in advanced talks to acquire U.S. surgical center operator National Surgical Hospitals Inc, in a deal that could value it at close to $1 billion, including debt, people familiar with the matter said. The acquisition would underscore the continued appetite of buyout firms…

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United Arab Emirates-based hospital operator NMC Health plans to expand in Gulf markets with a debut bond issue to fund acquisitions, its new chief executive said on Monday. NMC is among the beneficiaries from substantial growth in the Gulf's healthcare sector as an increasingly wealthy population becomes more susceptible to…

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Russia's MD Medical Group said on Monday it plans to more than double investments this year to ramp up its network of clinics and hospitals after 2016 net profit jumped 29 percent. The company, which listed its shares on the London Stock Exchange in 2012, has benefited from rising demand…

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U.S. House Republicans are working on changes to their healthcare overhaul bill to provide more generous tax credits for older Americans and add a work requirement for the Medicaid program for the poor, House Speaker Paul Ryan said on Sunday. Ryan said Republican leaders still planned to bring the healthcare…

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BioSig Technologies, Inc., a medical device company developing the PURE EP(TM) System, a proprietary platform designed to address an unmet technology need for the $4 billion electrophysiology (EP) marketplace, today announced it has signed a ten-year strategic agreement with Mayo Clinic and Mayo Clinic Ventures.  This new, expanded collaboration with…

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CytoSorbents Corporation, manufacturer of the CytoSorb® extracorporeal blood purification therapy that reduces excessive levels of inflammatory mediators in critically-ill and cardiac surgery patients, announced today that they have entered into a partnership with Dr. Reddy's Laboratories Ltd for the South African market. Under the terms of the agreement, Dr. Reddy's…