On Monday, medical device maker Medtronic entered a definitive agreement to acquire HeartWare International Inc. an innovator of less-invasive, miniaturized circulatory support technologies for the treatment of advanced heart failure for $1.1 billion. The acquisition is expected to close during Medtronic's second fiscal quarter ending Oct. 28, 2016. Here are 9 things to know about the acquisition: 1. As part of the agreement, Medtronic will pay $58 for each Heartware share outstanding, which
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Cedars-Sinai, HomeHero Launch Safe Transition Home Program
Cedars-Sinai has teamed up HomeHero, a Santa Monica-based non-medical home care provider to launch the Safe Transition Home program that provides safe rides and transitions for patients between the hospital and the home. The program is funded through a combination of private clients and Cedars-Sinai.Program BenefitsThe goal of the program is designed to reduce inpatient readmissions, raising patient satisfaction and improving health outcomes — challenges facing hospitals nationwide. Other key
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Mayo Clinic Makes Strategic Investment in Transplant Genomics
Transplant Genomics has announced a collaboration with the Mayo Clinic to develop, validate, and commercialize diagnostic tests enabling personalized immunosuppression for solid organ transplant recipients. As part of the multiyear collaboration, Mayo Clinic will make an investment in Transplant Genomics for an undisclosed amount. Additionally, both companies with work together on co-development of new tests and technologies for additional targets, including exploratory studies in heart and
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Mayo Clinic, GE Set to Unveil Innovative Compact MRI Scanner
On June 28th, Mayo Clinic will unveil a new first of its kind compact 3T magnetic resonance imaging (MRI) scanner developed in collaboration with General Electric's (GE) Global Research Center. The investigational, research device was developed under a National Institutes of Health Bioengineering Research Partnership between GE Global Research and the Mayo Clinic.Compact 3T MRI Scanner OverviewThe new MRI scanner is designed specifically to perform head scans, as well as small extremities, such
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Telehealth Provider American Well Appoints Freshman as New CTO
Telehealth provider American Well has appointed longtime executive team member and engineering lead Jon Freshman to become the Company's Chief Technology Officer (CTO). In his new role as CTO, Jon will oversee the three arms of American Well's technology creation – research and development (R&D), technical services, and quality assurance – and will help steer the company's telehealth technology innovation and strategy. Jon reports directly to CEO Dr. Roy Schoenberg. He previously served as
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Iggbo Nabs $13M to Scale On-Demand Blood Draw Service
Iggbo, a digital health startup focused on bringing personalized medicine to more people through on-demand blood draws and medical testing has raised $13M in Series A funding led by Heritage Group. Founded by Dr. Shaiv Kapadia, Nuno Valentine, and Mark Van Roekel, Iggbo is currently operating in over 120 cities with a workforce of over 8,000 blood draw professionals. The company plans to utilize the funding to offer on-demand blood collection services to diagnostic laboratories, health systems,
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IBM Forms Watson Health Medical Imaging Collaborative
IBM has formed a Watson Health medical imaging collaborative, a global initiative comprised of more than fifteen leading health systems, academic medical centers, ambulatory radiology providers and imaging technology companies. The goal of the collaborative is to bring cognitive imaging into daily practice to help doctors address breast, lung, and other cancers; diabetes; eye health; brain disease; and heart disease and related conditions, such as stroke.Collaboration DetailsEach member of the
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Reflexion Health Lands $18M for FDA-Cleared Tele-Rehab Platform
Reflexion Health, a digital health startup dedicated to transforming traditional medicine and delivering meaningful, patient-centered care has raised $18 million in Series B funding. The company plans to utilize the funds to complete clinico-economic evaluation of its first FDA cleared product VERA™. Why Tele-Rehabilitation?Tele-rehab drives patient engagement, enhances continuity of care, and delivers a concierge rehab experience in the comfort of the patient's home. Vera System
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Orion to Deploy Its Precision Medicine Platform Throughout Minnesota
Orion Health has signed an agreement with Minnesota state-certified health information organization (HIO) Koble-MN to deploy its Amadeus precision medicine platform. Together the Orion Health Amadeus precision medicine platform and Koble-MN services are a winning combination that will best serve the citizens of Minnesota’s health information exchange (HIE).Koble-MN is a Minnesota State-certified Health Information Organization that has been created to connect and serve healthcare communities
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AMDIS, OpenNotes Partner to Empower Patients Access to Clinical Notes
The Association of Medical Directors of Information Systems (AMDIS) and OpenNotes, today announced a partnership to empower patients by by inviting patients to read and engage with the contents of their medical records. "These are doctors who are extremely savvy about technology and play a leadership role in advancing the use of technology," said Homer Chin, MD, who leads efforts to integrate health information technology further with OpenNotes. "While OpenNotes isn't a technology itself, notes
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