31 Dec 2018

BOSTON SCIENTIFIC LINES UP FINANCING FOR ITS $4B BTG ACQUISITION

Now that everyone has said yes, Boston Scientific has gone to the banks to sign a number of new lending agreements, including a large credit facility it could use to finance its $4.2 billion acquisition offer for British medical device maker BTG plc. The information, which came from recently posted

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30 Dec 2018

CMS SUPPLY NUMBER RATE REDUCTIONS FOR 2019 LOWEST FOR CLARIVEIN

  By Larry Storer The Centers for Medicare & Medicaid Services issued a final rule Nov. 1, 2018, that includes updates to payment policies, payment rates and quality provisions for services furnished under the Medicare Physician Fee Schedule on or after Jan. 1, 2019. The effect of CMS changes to

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30 Dec 2018

BOSTON SCIENTIFIC ACQUIRING BTG

Boston Scientific has reached an agreement on the terms of a recommended offer to acquire BTG plc., a United Kingdom-based company that develops and commercializes products used in minimally-invasive procedures, targeting vascular diseases and cancer, as well as acute care pharmaceuticals. Under the terms of the transaction, holders of BTG’s

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25 Dec 2018

WALL STREET JOURNAL: STRYKER MAKES OFFER TO TAKE OVER BOSTON SCIENTIFIC

Stryker has made a quiet offer to acquire its rival Boston Scientific, which would create a behemoth with $21.5 billion in annual sales through one of the largest medical device deals on record, according to a report from the Wall Street Journal. The combined company could tout up to 62,000 employees and

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22 Dec 2018

ANGIODYNAMICS TO PRESENT AT JAN. 9 AT J.P. MORGAN HEALTHCARE CONFERENCE

AngioDynamics, Inc. , a provider of innovative, minimally invasive medical devices for vascular access, peripheral vascular disease, and oncology, has announced that Jim Clemmer, president and CEO, and Michael C. Greiner, executive vice president and CFO, will present at the 37th Annual J.P. Morgan Healthcare Conference at 3 p.m. (PT) on

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21 Dec 2018

FDA SEEKS COMMENTS ON UPDATE RADIATION CONTROL RULES BY FEB. 19

By AuntMinnie.com The U.S. Food and Drug Administration (FDA) has issued a draft guidance for an update to its radiation control regulations covering the manufacturing of diagnostic x-ray equipment. The guidance will supersede previous rules issued in 1989. Titled “Clarification of radiation control regulations for manufacturers of diagnostic x-ray equipment,”

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21 Dec 2018

RANSOMWARE CYBER ATTACKS CONTINUE IN NORTH AMERICA

    More than one-in-four (27 percent) North America-based health IT employees admit that their employer has experienced a ransomware cybersecurity attack within the past year, according to cybersecurity company Kaspersky Lab’s latest report, “Cyber Pulse: The State of Cybersecurity in Healthcare.” Employees of healthcare organizations in the U.S. and Canada,

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21 Dec 2018

CIGNA CLOSES $67 BILLION PURCHASE OF EXPRESS SCRIPTS DEC. 20

    Cigna officially absorbed one of the largest pharmacy benefit managers in the country on Dec. 20, closing its $67 billion purchase of Express Scripts.   The acquisition gives Cigna significant leverage in a market in which insurers are increasingly partnering, acquiring or being bought by PBMs. With Express

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20 Dec 2018

MCAFEE: CRYPTOMINING AND IoT MALWARE BOTH ROSE OVER 70% IN Q3 2018

    By DeanTakahashi VentureBeat   Cybersecurity firm McAfee said that the cybercriminal underworld is generating 480 new threats per minute. That’s one of the details in the new McAfee Labs Threats Report: December 2018.   McAfee reported that internet of things malware was up 73 percent in the third quarter, while cryptocurrency

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19 Dec 2018

MEDTRONIC COMPLETES ACQUISITION OF MAZOR ROBOTICS

Medtronic plc   completed the acquisition of Israel-based Mazor Robotics Dec. 19. Under the terms of the acquisition agreement, Mazor shareholders will receive $58.50 per ADS, or $29.25 per ordinary share, in cash. The total value of the transaction is reported at $1.7B, or $1.3B net of Medtronic’s existing stake in Mazor

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