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The MassDevice Weekly Checkup: June 1, 2010

June 1, 2010 4:39 pm | by Mass Device | News | Comments

Taking the financial temperature of the medical devices industry Our Weekly Checkup takes the temperature of the medical device industry's three largest U.S. clusters: Massachusetts, California and Minnesota. The MassDevice Indices are weighted according to market...

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AmSurg closes on $375M revolving credit facility

June 1, 2010 4:10 pm | by The Associated Press | News | Comments

AmSurg Corp. said Tuesday it obtained a new revolving credit facility that lets it borrow up to $375 million and placed $75 million in senior notes.The company said the refinancing will reduce 2010 earnings by about 11 cents per share.AmSurg, which operates surgery centers, said the new credit...

Health Management names chief information officer

June 1, 2010 3:10 pm | by The Associated Press | News | Comments

Health Management Associates Inc. said Tuesday that it has named Ken Chatfield its new chief information officer.The company said Chatfield has served as a senior technology executive for 22 years and most recently worked at Versata Software Inc. in Austin, Texas.

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MedCath director Powers dies following illness

June 1, 2010 3:10 pm | by The Associated Press | News | Comments

Hospital operator MedCath Corp. on Tuesday said longtime board member Galen Powers died May 27, following an extended illness.Powers, 73, was on the board for 12 years. The company expressed its condolences to his family, in a statement."Galen was a special man," said John Casey, chairman of...

MassDevice Q & A: OmniGuide chairman Yoel Fink

June 1, 2010 2:38 pm | by Mass Device | News | Comments

MassDevice talks to OmniGuide's Yoel Fink and Yair Schindel about their company's business development strategy. QA_features1.jpg When Yoel Fink began his groundbreaking work with mirrors at MIT in the late 1990’s, he didn't know he would be creating a material...

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Express Scripts says Nasdaq sets ex-dividend date

June 1, 2010 2:10 pm | by The Associated Press | News | Comments

Pharmacy benefits manager Express Scripts Inc. said Tuesday that Nasdaq established June 8 as the ex-dividend date for a 2-for-1 stock split.The stock split will be effected in the form of a dividend that is payable June 7 to shareholders on record as of May 21.The company has about 274 million...

Moody's upgrades Kinetic Concepts ratings

June 1, 2010 2:10 pm | by The Associated Press | News | Comments

Moody's Investors Service upgraded the senior credit ratings for medical technology company Kinetic Concepts Inc. on Tuesday, citing debt repayment.Meanwhile, Moody's affirmed the long-term ratings and said the outlook remains stable.Moody's upgraded the senior secured credit facility to...

CareFusion Launches First Automatic Oxygen Controller to Improve Care for Newborns Needing Mechanical Ventilation

June 1, 2010 11:39 am | by Bio-Medicine.Org | News | Comments

SAN DIEGO , June 1 /- CareFusion (NYSE: CFN ), a leading, global medical device company today announced the launch of its Closed Loop Controller of Inspired Oxygen system or "CLiO2â„¢," the first automatic oxygen controller of its kind designed to keep the oxygen level in the blood...

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MedGadget's MedTech Monday: Zargis Telemed débuts tele-auscultation

June 1, 2010 11:37 am | by Mass Device | News | Comments

Zargis Medical launched the ZargisTelemed platform; St. Jude's epiducer percutaneous lead delivery system wins CE Mark; Covidien's V-Loc knotless wound closure devices; and Abbott's TREK coronary balloon catheter rolls out in Europe. Zargis Telemed débuts...

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Weekly Wireless Roundup: Nanotattoo monitors blood glucose

June 1, 2010 11:37 am | by Mass Device | News | Comments

A nanoparticle "tattoo" as a glucose sensor that can be continuously monitored; a nose for your cellphone to sniff out airborne toxins; Biomagnetics Diagnostics Corp. introduces optical biosensor; and two years of competitively folding proteins with "foldit" at Games for Health 2010. ...

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Summary Box: Covidien continues to deal, buys ev3

June 1, 2010 8:10 am | by The Associated Press | News | Comments

LET'S MAKE A DEAL: Covidien PLC is buying ev3 Inc. for $2.6 billion. Covidien was spun off from Tyco International three years ago and has remade itself in the last year to focus on more lucrative businesses.SHOPPING SPREE: In 2009 it bought VNUS Medical Technologies for $440 million, Aspect...

CryoLife board approves $15 million stock buyback

June 1, 2010 8:10 am | by The Associated Press | News | Comments

Medical device maker CryoLife Inc. said Tuesday its board of directors approved a $15 million stock buyback program.The company said the program is authorized for two years.CryoLife has about 28.7 million shares of common stock outstanding.Shares fell a penny to $5.17 in afternoon trading.

ERT Closes the Acquisition of the Research Services Division of CareFusion Corporation

June 1, 2010 7:39 am | by RealWire | News | Comments

PHILADELPHIA, PA, 01 June 2010. ERT (eResearchTechnology, Inc.), a global provider of technology and services to the pharmaceutical, biotechnology and medical device industries, announced the successful closing of the acquisition of the Research Services Division of CareFusion Corporation...

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SynapDx Corporation Raises $9 Million in Series A Funding

June 1, 2010 7:37 am | by Bio-Medicine.Org | News | Comments

WALTHAM, Mass. , June 1 /- SynapDx Corp., a new company focused on developing and commercializing diagnostic testing for the early detection of autism, announced the completion of a $9 million Series A financing by Bain Capital Ventures, General Catalyst Partners, and North Bridge Venture...

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Reportlinker Adds China Patient Monitoring Market Outlook to 2016

June 1, 2010 6:38 am | by Bio-Medicine.Org | News | Comments

NEW YORK , June 1 /- Reportlinker.com announces that a new market research report is available in its catalogue: China Patient Monitoring Market Outlook to 2016 http://www.reportlinker.com/p0191978/China-Patient-Monitoring-Market-Outlook-to-2016.html China Patient Moni...

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