Philips, Artemis tie up for research in diagnostic devices trials

The firms plan on using advanced technologies to find cheaper ways to discover blockages in the heart, tumours

Leading Lankan hospital group collaborates with Manipal Health Systems

A leading private hospital group here has tied up with a premier Indian healthcare provider to facilitate state-of-the-art medical services in the Island nation.

Philips set to acquire US medical systems firm Visicu

Baltimore-based Visicu Inc., which went public less than two years ago, has agreed to be acquired by the healthcare unit of Netherlands-based electronics giant Royal Philips Electronics. The price: $430 million.

Medtronic to buy 51% of Chinese medical device maker

US-based Medtronic, Inc. plans to buy a 15% stake in Shandong Weigao Group Medical Polymer Co., Ltd. for HKD 1.73 billion, or USD 220 million, the two companies jointly announced.

Philips plans USD 5.1 billion acquisition of Respironics

Philips appears to have completed its planned USD 5.1 billion purchase of home medical equipment supplier Respironics. The acquisition – the fourth in recent weeks for the Dutch IT vendor – would be Philips’ largest acquisition ever, according to published reports.

Polycom ventures into South India

US-based Polycom Inc, which provides a range of communications equipment enabling enterprise users to conduct video, voice, data and web communications, is focussing on South India for growth with the company witnessing demand for its products from state governments, tele-medicine and tele-education projects.

Trivitron plans massive expansion; INR 1,000-cr turnover in 3 years

Chennai based medical technology company Trivitron Medical Systems, which recently offloaded an unspecified minority stake to HSBC Private Equity and venture capital firm ePlanet Ventures for USD 11 million, is planning to expand in a big way with a medical technology park, and acquiring domestic firms with a view to modernising them.

MindTree to venture into medical electronics

IT and R&D services provider MindTree Consulting, which announced a major organisational restructuring recently, plans to expand its business line to tap new markets.

The R&D services, which address industries like data networks, cellular networks, voice networks, telecom solutions, computing and storage systems, consumer appliances and industry systems, will enter new segments such as medical electronics, avionics and defence.

Red Hat’s plunge into India’s healthcare sector

Red Hat Software Services, provider of Linux and open source technologies, is making its way into the Indian healthcare sector.

Bangalore’s Vitage Tech signs deal with TTK Healthcare

Bangalore based Vitage Technologies, a business service management company, has signed an agreement with TTK Healthcare Services Pvt Ltd, part of the TTK Group, to handle their IT operations as the managed services partner.

Perot Systems selected by AAPC as Exclusive Representative of S. India

Perot Systems Corporation today announced that the company has been selected by the American Academy of Professional Coders (AAPC) to represent AAPC in South India, including Chennai, Bangalore, and Hyderabad.

US based 3M is in talks with Indian pharma companies to license tech technologies

US-based $23-billion diversified technology firm 3M is in talks with top domestic pharma companies to licence drug delivery technologies.

Pfizer is considering outsourcing its manufacturing to India and China

Pfizer, a US-based pharmaceutical giant, is looking to cut costs by outsourcing as much as 30 per cent of its manufacturing to facilities in Asia, particularly in India and China.