UPMC will own the majority of the for-profit company named Pensiamo, which will manage a hospital's entire supply-chain operation, including sourcing, contracting, purchasing and payment for drugs and supplies.
Members of a Northeast alliance of health systems are forming their own group purchasing organization to better manage procurement and sourcing of supplies.
A year ago, Pamplona Capital Management acquired MedAssets for $2.7 billion, immediately selling off its GPO and performance-improvement businesses and merging its revenue-cycle management business with Precyse, its own brand. A new identity for the combined company was announced Sunday.
After several years of disappointing financials, Boston Scientific Corp. is cutting costs in a global restructuring.
Zimmer Biomet Holdings, a major manufacturer of musculoskeletal devices, will buy spinal device company LDR Holding Corp. for $1 billion.
Physicians have increasingly looked to 3-D printing for unique implants and surgical models, and some manufacturers are now using the method to mass produce medical devices and even drugs that are more precise, customizable and biocompatible than conventionally produced products.
Federal prosecutors say a drug and medical device manufacturer has agreed to pay up to $7.8 million for selling contaminated syringes.
Four major health systems have joined forces with two environmental organizations to launch a purchasing cooperative focused on “green” products that could compete with traditional group purchasing organizations.
McKesson Corp. announced two deals with big-box chain Wal-Mart Stores that are expected to boost the healthcare giant after recent struggles.
Hospitals—having spent the better part of the past decade working with their surgeons to narrow the variety of cardiovascular, orthopedic and other implants used in their operating rooms—are now looking for new ways to cut expenses related to these high-cost items.
Executives at AmerisourceBergen Corp. are concerned about the company's future, even though revenue growth was moderately positive this quarter.
Owens & Minor reported a notable increase in first-quarter earnings, allowing the company to beat analyst expectations despite the impending loss of of a major customer.