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: $430 million.
US-based Medtronic, Inc. plans to buy a 15% stake in Shandong Weigao Group Medical Polymer Co., Ltd. for HKD 1.73 billion, or USD 220 million, the two companies jointly announced.
Philips appears to have completed its planned USD 5.1 billion purchase of home medical equipment supplier Respironics. The acquisition – the fourth in recent weeks for the Dutch IT vendor – would be Philips’ largest acquisition ever, according to published reports.
Intel Technology India Pvt Ltd in collaboration with other Intel World Ahead Program Alliance members and the Government of India, have announced a number of initiatives to help transform healthcare and education in the old city of Chandini Chowk, in the country
Chennai based medical technology company Trivitron Medical Systems, which recently offloaded an unspecified minority stake to HSBC Private Equity and venture capital firm ePlanet Ventures for USD 11 million, is planning to expand in a big way with a medical technology park, and acquiring domestic firms with a view to modernising them.
Soon US$ 4.5-million MRI machine will roll out in the Aspen and East Central Health regions to bring health scans in rural residents.
A pharma packaging company Bilcare Research of Pune has launched a product to help check the menace of counterfeit drugs. The product has a label with a unique bar code made out of nanotechnology and fingerprinting.
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.
The government will allocate INR 1,360 billion (USD 34.50 billion) for healthcare in the 11th Five-Year Plan (2007-12), up from INR 450 billion in the previous plan, said Union Health Minister Anbumani Ramadoss. He also said that the government will introduce a ‘health smart card’ under the National School Health Programme for every school-going child.
The Bangalore-based firm has finally received some recognition with the World Economic Forum (WEF) choosing it as one of the 39 technology pioneers from a list of 273 nominees. Neurosynaptics, the only company from India in a list dominated by 23 US firms, has been picked for its ReMeDi (Remote Medical Diagnostics) range of products.
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.
The International Health Advisory Board of British Telecommunications plc (BT), comprising leaders in healthcare and public policy from around the globe, has been in discussions with key decision-makers of the Qatar business community how BT could help develop and advance healthcare information systems in Qatar, as well as examining other opportunities in the region.
IBM is targeting multi-billion dollar health business opportunities in India. The company has plans to tap opportunities worth $1 billion each in the Indian pharmaceuticals and health service segments over the next 3-4 years.
