Medaphis, an Atlanta-based business management and information services company, says it has combined a number of technology-related businesses into one unit. Called Per-Se Technologies, the unit includes Atwork, which develops staff and resource scheduling software; Health Data Sciences Corp., a healthcare clinical and patient management software developer; and Consort Technologies, a radiology information systems developer. The unit also includes BSG Corp., a systems integration and technology services business.
Albuquerque-based Sun Healthcare Group has acquired a majority interest in six hospitals in Australia from Sydney-based Moran Health Care Group for $16 million. Under the agreement, Sun will acquire a 50.1% interest in the hospitals and will have the option to acquire the remaining stake in the hospitals in the future. The hospitals are in the Sydney metropolitan area, South Wales and Queensland. Moran operates about 50 health and senior-care facilities in Australia and Southeast Asia. Sun operates more than 400 long-term-care and other healthcare facilities in the U.S., Australia, Spain and the United Kingdom.
Medtronic, based in Minneapolis, and Johnson & Johnson, based in New Brunswick, N.J., say they have settled litigation over coronary stent patents with a cross-licensing agreement for both stents and systems used to place them inside blood vessels. Financial terms were not disclosed, but the companies say some patents from each firm will be licensed to the other in exchange for undisclosed royalties, while the other patents will be licensed without charge. In addition, the companies say the licensing agreement includes means for resolving future disputes should they arise.
Coram Healthcare, a Denver-based home infusion company, says it is in negotiations with its lenders to restructure existing credit arrangements. Coram says the debt restructuring -- its latest effort to overhaul its balance sheet -- could result in annual interest expense savings of some $12 million. The total debt involved was not available. The restructuring follows the company's settlement of longstanding litigation with Caremark International, a subsidiary of Birmingham, Ala.-based MedPartners, and the sale of the company's lithotripsy division to Owings Mills, Md.-based Integrated Health Services.