Capital Finance
Private equity firm Ancor Capital Partners announced Tuesday that it has acquired WellSpring Pharmaceutical Corporation, a manufacturer and marketer of specialty prescription and over-the-counter products. This is Ancor's fifteenth acquisition in the healthcare segment.
Representatives of skilled nursing facilities (SNFs) are estimating the SNF sector will potentially lay off 20,000 employees, will forgo the creation of 20,000 new jobs and will alter employee benefits as a result of the Medicare payment cuts that took effect on Oct. 1.
According to financial services firm Jones Lang LaSalle, healthcare real estate investment trusts (HCREITs) have raised $22.5 billion over the past 18 months, spiking third party interest in the medical property sector.
Information technology and business process services firm CGI Group, Inc. announced this week that it will now report a separate health global vertical segment.
Web-based healthcare information provider HealthGrades announced Wednesday that it has reached a definitive agreement to merge with CPM, a customer relationship management solutions firm.
Regenerative medicine company Stratatech Corp. has been awarded $4.6 million by the National Institute of Diabetes and Digestive and Kidney Diseases. The grant will fund the first human clinical trial of Stratatech's ExpressGraft antimicrobial skin substitute, a potential treatment for chronic diabetic foot ulcers.
Grants totaling $4.5 million have been awarded by the Agency for Healthcare Research and Quality (AHRQ) to support three research centers that focus on clinical preventive services.
Medical technology manufacturer C. R. Bard Inc. announced Wednesday that it reached a definitive agreement to acquire Medivance Inc. for approximately $250 million.
Analytix On Demand (AOD), a provider of software-as-a-service business intelligence solutions for healthcare, announced Tuesday that it has acquired Integrated Revenue Management, Inc. (IRM), a national healthcare consulting and education company with a focus on revenue cycle management. The newly created company headquartered in Irvine, Calif., will be called CentraMed.
As hospitals and doctors continue to merge at an accelerated rate, health systems will face significant risk management challenges, according to an analysis by Aon Risk Solutions, the global risk management arm of Aon Corporation.