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Covidien continues shopping spree with vein device purchase
By Bob Herman | August 28, 2014 | Basic Web Basic Web Subscription Details
Covidien, like its soon-to-be acquirer Medtronic, has bought its second medical company within the past week. The Ireland-based supplier said Thursday that it took over Sapheon, a Morrisville, N.C.-based manufacturer of devices that help treat venous diseases.
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Medtronic buys Italian hospital services company
By Jaimy Lee | August 27, 2014 | Basic Web Basic Web Subscription Details
Medtronic made its second deal this week, announcing a $350 million acquisition of an Italian operator of cardiovascular suites, operating rooms and intensive-care units.
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Roper Industries expands its product reach, acquiring two companies
By Darius Tahir | August 27, 2014 | Basic Web Basic Web Subscription Details
Roper Industries, a Sarasota, Fla.-based company that, among other lines of business, designs, manufactures and distributes medical and scientific imaging products and software, has acquired two firms to broaden its product reach.
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Medtronic hits the buying trail again, snaps up Dutch devicemaker
By Jaimy Lee | August 26, 2014 | Basic Web Basic Web Subscription Details
Medical-device manufacturer Medtronic has made another deal, this time announcing plans to spend $200 million in cash to acquire a Dutch developer of deep-brain stimulation technologies.
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Premier scores five deals, boosts profits since IPO
By Jaimy Lee | August 25, 2014 | Basic Web Basic Web Subscription Details
Premier, a company that provides group purchasing and performance services to hospitals, reported strong growth in its first year as a public company.
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Google Glass-focused startup raises funds, joining others bringing Glass to healthcare
By Darius Tahir | August 25, 2014 | Basic Web Basic Web Subscription Details
Startup tech firm Wearable Intelligence, which has already garnered attention for using Google Glass in healthcare, has raised nearly $7.9 million of a planned $8.37 funding round, according to a recent Securities and Exchange Commission filing.
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New restrictions on hydrocodone to take effect
By Associated Press | August 21, 2014 | Basic Web Basic Web Subscription Details
The federal government is finalizing new restrictions on hundreds of medicines containing hydrocodone, the highly addictive painkiller that has grown into the most widely prescribed drug in the U.S.
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Invacare laying off 190 as part of restructuring
By Jaimy Lee | August 20, 2014 | Basic Web Basic Web Subscription Details
Invacare Corp., an Elyria, Ohio-based manufacturer of wheelchairs and hospital beds, said it plans to lay off 150 employees and 40 temporary employees as part of a restructuring initiative that is expected to bring in about $15 million in pre-tax savings.
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Universal Hospital Services CEO to step down amid large losses
By Bob Herman | August 20, 2014 | Basic Web Basic Web Subscription Details
Gary Blackford, chairman and CEO of Universal Hospital Services, a supplier of medical devices and other healthcare technology, said Tuesday he will step down from his roles by year-end.
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Despite noted revenue growth, Medtronic sees drop in profits
By Jaimy Lee | August 19, 2014 | Basic Web Basic Web Subscription Details
Medical devicemaker Medtronic reported a drop in profits even as the company enjoyed what CEO Omar Ishrak described as its “highest revenue growth performance in five years.” The Minneapolis-based company disclosed no new information about its pending deal to acquire Irish medical...
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