Mark Toland, Partner, Biostar Capital
Mark Toland, CEO of Corindus Vascular Robotics (acquired by Siemens for $1.1B last year), has announced his departure and will be joining BioStar Capital, a health-tech venture capital group focused on cardiovascular and orthopedic medical devices. As a partner and entrepreneur in residence, Mark will help to identify and develop innovative companies leveraging AI, deep learning, robotics, and other transformative technologies that address a wide range of
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How Contactless Technologies Can Propel Healthcare Towards the Future
Ana Maria Giménez, Partners’ Solutions Sales Director, Sigfox
With the continued spread of COVID-19, health organizations around the world are accelerating their adoption of tech solutions that mitigate the need for physical contact between healthcare providers and patients. Contactless innovations like automated robots and the Internet of Things (IoT) not only reduce the spread of disease in medical facilities, though; they also have the potential to improve overall organizational
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Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know:
- How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion.
As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue
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M&A Analysis: 3 Benefits of Siemens Healthineers’ $16.4B Acquisition of Varian Medical
What You Should Know:
- Siemens Healthineers and Varian Medical announce a $16.4B deal in an all-cash transaction on 2nd August 2020.
- Deal expected to close in 1H 2021.
- Varian Medical will maintain its brand name and operate “independently”
- Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of the transaction.
News of the deal between Siemens Healthineers and Varian Medical will have caught many industry onlookers off guard on Sunday evening.
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Siemens Healthineers and Geisinger Ink 10-Year to Drive Digital Health Innovation
What You Should Know:
-Siemens Healthineers and Geisinger announced a 10-year agreement to drive digital health collaborations, including artificial intelligence-enabled applications.
- The partnership will make better health easier throughout Pennsylvania and in all communities that Geisinger serves.
Siemens
Healthineers and Geisinger have
established a 10-year Value Partnership to advance and support elements of
Geisinger’s strategic priorities related to continually improving
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TeraRecon Acquired by SymphonyAI: What is the Impact for Medical Imaging Market?
On the 4th March 2020, TeraRecon announced it had signed an agreement to be acquired by the SymphonyAI Group. Here are the facts of the deal, followed by our take on the potential impact on the medical imaging market:
- The terms of the deal were not disclosed and TeraRecon will continue to operate business as usual. However, it will benefit from greater financial backing and the synergistic technologies from other companies in the Group’s portfolio.
- TeraRecon is an Advanced
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Hg Takes Majority Holding in Intelerad: 3 Major Implications to Know
- On 23rd Jan 2020, Hg Capital announced it had agreed to acquire a majority stake in imaging IT software vendor Intelerad Medical Systems from previous majority stake owners Novacap.
- The founders, management and employee shareholders at Intelerad will be reinvested, with Novacap remaining as a minority shareholder.
- The company has undergone significant growth in the last four years, announcing a USD75m R&D program in 2019 and acquiring imaging IT workflow specialist Clario Medical
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Holon Solutions Appoints Jon Zimmerman As New CEO
Jon Zimmerman, CEO of Holon Solutions
- Healthcare IT leader Jon Zimmerman has been named CEO of Holon Solutions to accelerate their transition to value-based care through the adoption of purpose-built technology that solves their biggest challenges.
- Value-based care executive selected for his nearly 30 years’ experience in enhancing healthcare interoperability and proven track record in scaling growth-stage companies.
Holon Solutions, an Atlanta-based healthcare IT company that liberates
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Research: October Health IT M&A Activity, Public Company Performance
- Healthcare Growth Partners (HGP) summary of Health IT/digital health merger & acquisition (M&A) activity, and public company performance during the month of October 2019
During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma.
The
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Analysis: Why EMRs Will Not Replace Enterprise Imaging IT
The growing influence and uptake of electronic medical records (EMRs) in healthcare have driven debate over the future role of specialist clinical and diagnostics software. With interoperability in the health sector still a major challenge, many health providers are looking to simplify their IT systems, consolidating to fewer software platforms and few vendor partners. With recent extensive and long-term investment in EMR systems, some healthcare providers considering the EMR as a potential
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