CEO Larry Culp acknowledged as much in a post-earnings conference call, stating, “We expect to monetize just up to under 50 percent of our health-care business,” adding that the unit “continues to prepare for public company separation, and that is progressing very well," Read more here.
When speaking about the growth of the Image-Guided Therapy businesses, Frans van Houten, CEO of Royal Philips, said in a statement. “To strengthen our leadership in this fast-growing market, we have significantly invested in our R&D programs, which resulted in the launch of the very successful Azurion next-generation image-guided therapy platform, and the acquisitions of Volcano, [...]
Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., and Morgan Stanley are all working with GE on the planned listing… Read more here.
The FDA has announced a public workshop on medical device servicing and remanufacturing, which will occur on December 10-11 in Washington, D.C. A guidance will likely be forthcoming after the workshop is completed and docket comments have been reviewed. Read more here.
The healthcare seems less concerned about hackers and more about achieving the tenets of value-based medicine. Its focus on improving patient experience and reducing cost has pushed cybersecurity down the list of spending priorities when it should be rising. The healthcare industry must be prepared for hack attacks, cybersecurity experts agree. The very essence of value-based [...]
GE also announced it "will fall short of previously indicated guidance for free cash flow and (earnings per share) for 2018," and expects to take a non-cash goodwill impairment charge related to the GE Power business. GE Power’s current goodwill balance is approximately $23 billion and the goodwill impairment charge is likely to constitute substantially [...]
If you're wondering why sometimes medical imaging devices aren't being funded, this looks like a possible reason. Hospitals spent nearly $25 billion globally on electronic health records in 2017 and that is projected to increase to $33 billion by 2023 but signs are also emerging EHR spending is starting to slow down, according to a [...]
Industry M&A may be no savior as the pace of hospital closures, particularly in hard-to-reach rural areas, seems poised to accelerate. Hospitals have been closing at a rate of about 30 a year, according to the American Hospital Association, and patients living far from major cities may be left with even fewer hospital choices as insurers [...]
The House of Representatives voted overwhelmingly Tuesday to kill a sales tax on medical devices that the medical-technology industry around the country have battled for nearly a decade. Industry insiders hope that Tuesday’s vote will provide the momentum that leads to action by the end of the year. Read more here.
June 26, 2018 —GE announced the results of its strategic review, and plans to separate GE Healthcare into a standalone company and pursue an orderly separation from BHGE over the next two to three years to make its corporate structure leaner and substantially reduce debt. GE will focus on aviation, power and renewable energy, creating [...]