Business / Finance

RSS

KCI total revenue increases 3% to $501.2 million for first quarter 2011

Kinetic Concepts, Inc. today reported first quarter 2011 total revenue of $501.2 million, an increase of 3% from the first quarter of 2010. Foreign currency exchange movements had no significant impact on total revenue for the first quarter of 2011 as compared to the prior year.

26 Apr 2011

Neusoft signs subscription agreement with Aerotel Medical Systems

Neusoft Corporation, a leading IT solution and service provider in China, recently announced that its wholly-owned subsidiary Neusoft Europe Inc. has signed a subscription agreement with Aerotel Medical Systems Ltd., a leading global manufacturer of modular, mobile and home based telemedicine and telecare solutions based in Israel, under which Neusoft Europe will subscribe for 26915 shares of Aerotel with 1.77 million US Dollars to hold 30.77% of its outstanding shares.

26 Apr 2011

Oxford Nanopore raises $41 million via private placement of ordinary shares

Oxford Nanopore Technologies Ltd., the UK-based developers of nanopore technology for the direct, electronic analysis of single molecules, today announced that it has raised £25 million in new funding via a private placement of ordinary shares in the Company.

From Oxford Nanopore Technologies 26 Apr 2011

Taro's Brampton facility regains FDA acceptable regulatory status

Taro Pharmaceutical Industries Ltd. today announced that the U.S. Food and Drug Administration has informed the Company that after a February 2011 re-inspection of its Canadian manufacturing facility, the site has an acceptable regulatory status. Therefore, the issues noted in the February 5, 2009 warning letter are considered to be resolved.

25 Apr 2011

Highmark to open additional Direct retail health insurance stores in Pennsylvania

Highmark today announced that it will open two additional Highmark Direct retail health insurance stores in Pennsylvania. The stores will be located in Lancaster and Easton and will bring the total number of stores in the state to eight.

25 Apr 2011

AstraZeneca selects Biologics as U.S. channel partner for vandetanib

Biologics, Inc., an integrated oncology management company, is pleased to announce it has been selected by AstraZeneca as the exclusive U.S. strategic channel partner for vandetanib.

25 Apr 2011

OCM announces acquisition of Diagnostics Plus

One Call Medical, the nation's leading provider of specialty services to insurance payers, today announced its acquisition of Diagnostics Plus, a provider network for advanced radiology and electrodiagnostic services, including MRIs, CT scans, and electromyography.

25 Apr 2011

Alpine Access completes third party audit for compliance with HIPAA and HITECH Acts

Alpine Access, the premier provider of virtual contact center solutions and services, today announced it completed an independent, third party audit for compliance with HIPAA and HITECH Act data security requirements.

25 Apr 2011

Pharmasset reports net loss of $19.9 million for quarter ended March 31, 2011

Pharmasset, Inc., a clinical stage pharmaceutical company committed to discovering, developing, and commercializing novel drugs to treat viral infections, today reported financial results and operational highlights for the quarter ended March 31, 2011.

25 Apr 2011

CareView closes $20 million financing with HealthCor

CareView Communications, Inc., an information technology provider to the healthcare industry, announced that it has closed a $20 million financing with funds managed by HealthCor Partners Management, L.P. and HealthCor Management, L.P.

25 Apr 2011

nSpire Health sales increase 3% to $27.6M for 2011

nSpire Health, LLC, a leading provider of respiratory diagnostic devices and clinical trial services, issued audited results for 2010 today. Sales of $27.6M are up 3% year over year. The Company reported a $3.6M improvement in EBIT when compared to 2009 and its highest profit since the founding of the company in 2006. Cash is up $2.4M and debt reduced to less than $400K.

25 Apr 2011

CHS issues statement in response to Tenet rejection of all-cash offer

Community Health Systems, Inc. today issued the following statement in response to Tenet Healthcare Corporation's rejection of CHS's offer to acquire all of the outstanding shares of Tenet for $6.00 per share in cash.

25 Apr 2011

Saint Vincent Hospital to build new cancer center in downtown Worcester

Saint Vincent Hospital today announced it has signed a purchase and sale agreement with the CitySquare II Development Co. LLC , to build a medical office building that will house a new comprehensive cancer center in Worcester's CitySquare development. The new center, which represents a $21 million capital investment by Saint Vincent Hospital, is expected to open in January 2013.

22 Apr 2011

Novation adds BIOTRONIK to Cardiac Rhythm Management Devices portfolio

Novation, the leading health care supply contracting company, announced today the addition of BIOTRONIK (Lake Oswego, OR) to its Cardiac Rhythm Management (CRM) Devices portfolio. This new 30-month agreement represents the first collaboration between the respective organizations.

22 Apr 2011

Tenet Healthcare board rejects revised undervalue proposal from Community Health Systems

Tenet Healthcare Corporation today announced that its Board of Directors, after consulting with its independent financial and legal advisors, has unanimously determined that the revised proposal from Community Health Systems, Inc. to acquire all of the outstanding shares of Tenet for $6.00 per share in cash grossly undervalues the Company and is not in the best interests of Tenet or its shareholders.

22 Apr 2011

U.S. healthcare costs continue to increase at a declining rate

Data released today by S&P Indices for the S&P Healthcare Economic Composite Index indicate that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 6.19% over the 12-months ending February 2011. This is a drop from the 6.31% increase in annual growth rate posted in January 2011 for this index.

22 Apr 2011

Creekridge Capital, Healthland partner to offer financing solutions for healthcare information system

Creekridge Capital LLC, a nationwide independent healthcare and technology vendor leasing company, has signed an agreement with Healthland, a healthcare information technology (HIT) vendor, to offer creative financing solutions under the private label name, Healthland Financing.

22 Apr 2011

iMD to expand Medical Diagnostics operations

As a result of its recent acquisition announced yesterday of Optimum Mobile Imaging LLC ("OMI"), iMD is actively seeking to dramatically expand its overall Medical Diagnostics operations. Currently operating mainly in the Phoenix area, iMD will expand OMI's services throughout the state.

22 Apr 2011

Cybex first quarter net sales increase 19% to $31.0 million

Cybex International, Inc., a leading manufacturer of premium exercise equipment, today reported results for its first quarter ended March 26, 2011. Net sales for the first quarter of 2011 increased by 19% to $31.0 million compared to $26.1 million for the corresponding 2010 period.

22 Apr 2011