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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Digital Health | News, Analysis, Insights - HIT Consultant
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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Cedars-Sinai Unveils Therapeutic Virtual Reality to Enhance Patient Experience
AppliedVR, a developer of scalable therapeutic virtual reality (VR) content has announced a partnership with Los Angeles-based Cedars-Sinai Medical Center to implement its VR technology in the medical center’s department of Surgery and Orthopaedic Center.Cedars-Sinai Medical Center is among the first hospitals to utilize scalable VR technology. After investing in AppliedVR via the TechStars healthcare accelerator, Cedars-Sinai is currently implementing AppliedVR pilots across several
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NIH Awards $2.3M Grant to Develop Disease Diagnosis App, FeverPhone
The National Institutes of Health’s (NIH) National Institute of Biomedical Imaging and Bioengineering has awarded to Cornell a four-year, $2.3 million four-year grant to develop FeverPhone, an portable disease diagnosis kit. Once developed, the FeverPhone will provide real-time, rapid and accurate diagnosis using a drop of blood to differentiate and identify specific pathogens for six febrile diseases in the field: dengue, malaria, chikungunya, typhoid fever, leptospirosis and Chagas’
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Google, Mayo Clinic, Harvard Team Up for Easy Symptom Search
Roughly 1 percent of searches on Google are symptom related. Starting this week, when consumers access Google’s mobile search for information about certain symptoms, they will quick, accurate facts on relevant related medical conditions up front on their smartphone or other mobile device.Announced in a blog post by Veronica Pinchin, a product manager on Google's search team, the goal of the new symptom search feature allows consumers to quickly explore and navigate health conditions related to
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XPrize, IBM Watson Launch $5M Artificial Intelligence Competition
XPRIZE has teamed up with IBM Watson to launch IBM Watson AI XPRIZE, a $5 million, four-year global competition challenging teams to develop and demonstrate how humans can collaborate with powerful artificial intelligence (AI) technologies to tackle the world’s greatest challenges.The $5M prize will focus on creating scalable AI apps that benefit consumers and businesses across a multitude of disciplines including healthcare, education, energy & environment, global development and
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HealthPrize Nabs Series B for Medication Adherence Gamification
HealthPrize, a digital health startup focused on patient engagement and medication adherence solutions has announced the closing of its Series B round of financing to support the company’s internal growth and international expansion. Participating investors in the financing round includes Mansa Capital, an investor group which includes seasoned healthcare investors Robert Dahl and Trygve Mikkelsen, as well as former pharmaceutical executives Anthony Wild and Richard DeSchutter. Dahl 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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