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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Intelligent Medical Objects, Inc. (IMO), a market leader in medical terminology solutions for electronic health record (EHR) systems, today announced that Ascension Ventures (AV), a strategic investment firm that invests on behalf of 13 of the nation's leading health systems, has agreed to make a strategic investment in the company. …

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The U.S. Justice Department has joined a whistleblower lawsuit against UnitedHealth Group Inc that claims the country's largest health insurer and its units and affiliates overcharged Medicare hundreds of millions of dollars, a law firm representing the whistleblower said on Thursday. "We reject these more than five-year-old claims and will…

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Steward Health Care System announced it has signed an Asset Purchase Agreement to acquire eight community hospitals affiliated with Community Health Systems ("CHS"). The transaction is expected to close in the second quarter of 2017, subject to customary regulatory approvals and closing conditions. The hospitals involved in the transaction are:…

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Having received CE Mark approval in July and Health Canada approval in August of last year, FlowAid Medical Technologies Corp. of New York City, announced today it has received U.S. Food and Drug Administration FDA clearance for its FA100 SCCD (Sequential Continuous Contraction Device) for the following indications: increase of…

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Oneview Healthcare PLC the Australian-listed Irish healthcare company, today announced a technology development collaboration agreement with Intel focused on accelerating time-to-market patient experience solutions and services. As government policies shift towards reimbursing healthcare providers for patient outcomes versus procedure or fee-based care, the opportunity for patient engagement solutions will grow…

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Insulet Corporation, the leader in tubeless insulin pump technology with its Omnipod® Insulin Management System, today announced the Company has completed the acquisition of a facility in Acton, Massachusetts to establish a U.S. manufacturing location in the United States. The state-of-the-art facility, when outfitted with highly-automated manufacturing equipment, will provide…

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Hologic Inc said on Tuesday it would acquire medical aesthetics company Cynosure Inc for $1.65 billion as it looks to capitalize on an increase in medical procedures that are not traditionally reimbursed. The medical aesthetics market is growing at a rapid pace as the American population ages and more effective…

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Hill-Rom Holdings, Inc., has completed its acquisition of Mortara Instrument, Inc. (Mortara), for $330 million in cash, primarily financed through a private offering of $300 million of senior unsecured notes. Hill-Rom anticipates the structure of the acquisition will allow the company to qualify for a significant tax benefit, which at…

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British private equity fund Apax Partners is in talks to buy Israel-based Syneron Medical , an aesthetic device company, for $350-$400 million, Israeli financial daily Calcalist reported on Monday. Representatives from Apax met Syneron executives in Israel last week and the talks are being managed by Barclays, according to Calcalist,…

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HealthSouth Corporation announced today that it plans to build a freestanding 38-bed comprehensive inpatient rehabilitation hospital in Bluffton, South Carolina. The project was granted a certificate of need from the South Carolina Board of Health and Environmental Control. Located at 107 Seagrass Station Rd. in Bluffton, the future inpatient rehabilitation…