Business / Finance

RSS

RBCC establishes headquarters of new biotechnology division in Houston

Rainbow Coral Corp. announced today that it has established the headquarters of its new biotechnology division—Rainbow BioSciences, LLC—in Houston, Texas, home of the world's largest medical complex.

7 Nov 2011

Merge Healthcare commences $52M exchange offer of 11.75% Senior Secured Notes

Merge Healthcare, a leading provider of enterprise imaging and interoperability solutions, announced today that it has commenced an offer to exchange $52 million principal amount of its 11.75% Senior Secured Notes due 2015, which are registered under the Securities Act of 1933, for $52 million of its currently outstanding 11.75% Senior Secured Notes due 2015 that were issued in June 2011 and which have not been registered under the Securities Act of 1933.

5 Nov 2011

Great Point announces growth equity investment in Aris

Great Point Partners, LLC, a Greenwich-based private investment firm focused on the health care industry, today announced a growth equity investment in Aris Teleradiology.

5 Nov 2011

Allstate files fifth insurance fraud lawsuit of 2011 in NY

Allstate Insurance is seeking to recover more than $5 million from 21 New York-area defendants in its fifth insurance fraud lawsuit of 2011.

5 Nov 2011

Apax consortium completes acquisition of Kinetic Concepts

Kinetic Concepts, Inc. today announced the completion of its acquisition by an affiliate of a consortium comprised of investment funds advised by Apax Partners and controlled affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board pursuant to a merger agreement dated July 12, 2011.

5 Nov 2011

Tenet prices private offering of senior secured notes due 2018

Tenet Healthcare Corporation announced today the upsizing and pricing of its previously announced private offering of senior secured notes maturing in 2018.

5 Nov 2011

Health Care REIT prices underwritten public offering of common stock

Health Care REIT, Inc. today announced the pricing of its underwritten public offering of 11,000,000 shares of common stock at $50.00 per share.

5 Nov 2011

American Scientific Resources receives private label purchase order for VeraTemp

American Scientific Resources, Inc. announced that it received a private label purchase order for a Shoppers Drug Mart VeraTemp Non-Contact Thermometer.

5 Nov 2011

SCRIP honors Glenmark for business excellence and innovative R & D capabilities

SCRIP, a leading global pharmaceutical and biotech news publication, honoured Glenmark with two global recognitions, for its business excellence and innovative R & D capabilities.

5 Nov 2011

Global Pharm acquires Qingdao Likang

Global Pharm Holdings Group, Inc., a China-based, growing vertically integrated pharmaceutical company engaged in pharmaceutical-related products distribution, Traditional Chinese Medicine herbs cultivation and processing business through its subsidiaries in Anhui, Jilin, Guangdong and Shandong provinces, today announced that, on October 31, 2011, it completed the acquisition of the 100% equity interest of Qingdao Likang Pharmaceutical Co., Ltd, a city-level pharmaceutical distributor located in Qingdao, Shandong Province.

5 Nov 2011

KFH/HP reports total operating revenue of $11.9B for third quarter 2011

Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., and their respective subsidiaries (KFH/HP) reported today a combined total operating revenue of $11.9 billion for the quarter ending September 30, 2011, compared to $11.1 billion in the same period in 2010.

5 Nov 2011

CPPIB, Apax and PSP Investments acquire Kinetic Concepts

A consortium comprised of funds advised by Apax Partners, together with controlled affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, today announced the completion of its acquisition of Kinetic Concepts, Inc. for $68.50 per common share in cash.

5 Nov 2011

Opexa reports net loss of $1.30 million for third quarter 2011

Opexa Therapeutics, Inc., a company developing Tovaxin, a novel T-cell therapy for multiple sclerosis (MS), today reported financial results for the quarter ended September 30, 2011 and provided an overview of recent corporate developments.

5 Nov 2011

Siemens Healthcare to acquire MobileMD

Today, Siemens Healthcare announced that the company has entered into a definitive agreement to acquire all issued and outstanding equity of MobileMD, Inc., of Yardley, Pa., a provider of health information exchange (HIE) solutions.

From Siemens Healthineers 5 Nov 2011

HCA proposes to offer $500 million senior unsecured notes

HCA Holdings, Inc. today announced that its wholly owned subsidiary, HCA Inc., proposes to offer, subject to market and other considerations, $500 million aggregate principal amount of senior unsecured notes.

5 Nov 2011

Tenet to sell $750 million senior secured notes due 2018

Tenet Healthcare Corporation announced today that it is offering to sell $750 million aggregate principal amount of senior secured notes maturing in 2018 through a private placement.

5 Nov 2011

EES closes transaction to acquire SterilMed

Ethicon Endo-Surgery, Inc. (EES), a global leader in the development of innovative medical devices for minimally invasive and open surgical procedures, today announced the closing of the transaction to acquire SterilMed, Inc. (SterilMed), a leader in the reprocessing and remanufacturing of single-use medical devices in the United States.

5 Nov 2011