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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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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18 Dec 2018

MERIT MEDICAL ACQUIRES ASSETS OF VASCULAR INSIGHTS DEC 17

  Merit Medical Systems Inc., a manufacturer and marketer of proprietary disposable devices used in interventional, diagnostic and therapeutic procedures, announced Dec. 17 that it has acquired substantially all of the assets of Vascular Insights LLC, based in Quincy, Massachusetts. Vascular Insights’ primary assets are the ClariVein IC and ClariVein

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13 Dec 2018

ADVANCED DERMATOLOGY & COSMETIC SURGERY NAMES CIO, PURCHASING MANAGER

Advanced Dermatology and Cosmetic Surgery, the largest dermatology practice in the country based in Maitland, Florida, named Steve Essayan as chief information officer Dec. 12. Essayan joins Advanced Dermatology with more than 30 years of experience in all aspects of information technology, including operations, infrastructure, and applications development. Most recently

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12 Dec 2018

VEIN CLINICS OF AMERICA NAMES ALTON SHADER TO PRESIDENT AND CEO POST

Alton Shader, formerly president of Hill-Rom’s global Front Line Care business, has been named president and CEO of Vein Clinics of America (VCA), a Frazier Healthcare Partners  portfolio company, replacing Hans Thunem. A VCA release indicated that Thunem, who was CEO for four years, made the decision earlier in 2018

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