A majority of med-tech leaders surveyed for a study—which was commissioned by two local industry advocacy groups—have an unfavorable impression of their own industry, and many are looking overseas for future investments and job growth.
Health Care + Med Tech
An upcoming Supreme Court ruling could strike down the 2010 health care reform law—but UnitedHealth Group has pledged to continue to offer some of the law’s provisions regardless of the ruling.
The nonprofit, which keeps people connected with family and friends during major health events, is celebrating its 15th anniversary on Thursday with a Mall of America event at which it will attempt to set the world record for the most people signing a greeting card.
On news of an agreement under which the company will be bought by Laboratory Corporation of America Holdings, shares of its stock were trading up 35 percent at $26.66 mid-day Monday.
The company, which sells various cardiorespiratory diagnostic systems, plans to change its name to MGC Diagnostics Corporation and has signed a letter of intent to sell off its New Leaf health and fitness product line; separately, Angeion reported a net loss of $409,000 on revenue of $6.3 million for the second quarter that ended in April.
The Wayzata resident was an influential figure in Minnesota’s health-care sector and is known for transforming Fairview from a single hospital to a multi-hospital system.
Fairview’s chief executive Mark Eustis will retire on July 31 when his five-year contract expires, and Chairman Chuck Mooty will take the reins as interim CEO.
The announcement comes a week after the workers and the eight Twin Cities hospitals that employ them reached a tentative contract deal—and the tentative deal was struck just a day after employees authorized a two- to five-day strike.
Jamie Rice is the latest appointment to the Eagan-based insurer’s executive team, which has recently seen a series of departures.
The purchaser, CryoLife, will retain Hemosphere's eight sales jobs -all of which are outside of Minnesota-but it will move 20 local manufacturing jobs to Atlanta at the beginning of next year.
The findings of a probe into Medtronic's marketing of its Infuse bone-graft product weren't released, but Medtronic said it is pleased that the investigation is closed.
The union representing 3,500 hospital employees said it wouldn't reveal the details of the tentative agreement until members had an opportunity to review and vote on them; the deal comes a day after 91 percent of the employees voted to strike.
In response to a series of questions posed by U.S. Senator Al Franken, Accretive Health released a 29-page report that denies allegations that it violated privacy laws and used overly aggressive tactics to obtain payments from patients of Minneapolis-based Fairview Health Services.
Inspire Medical Systems will use its new funding to provide follow-up support to clinical trial patients, submit the technology for U.S. regulatory approval, and expand its commercial activities in Europe.
George Morgan, who most recently served as chief operating officer of U.S. Oncology, will succeed Rob Kill.
Engineering firm Primordial Soup draws from an extensive kitchen of collaborators to whip up medical devices.
The funds will be used for intellectual property costs and to prepare for clinical trials that will bring the company one step closer to gaining regulatory approval for its first product-which was designed to reduce the risk of life-threatening, catheter-related infections in hemodialysis patients.
The medical device company will use the funds to launch its product in Europe and to conduct a clinical trial in the United States.