Tempus AI has taken a significant step in advancing its precision medicine strategy by agreeing to acquire Ambry Genetics in a $600 million deal. This move, comprising $375 million in cash and $225 million in stock, signals Tempus AI’s intent to expand its genetic testing capabilities and solidify its leadership in healthcare innovation. This acquisition […]
The U.S. Food and Drug Administration has approved FluMist, a nasal spray flu vaccine by MedImmune LLC, for self-administration or caregiver-administration. This marks a significant development in the prevention of influenza, as FluMist becomes the first flu vaccine that does not require administration by a healthcare provider. The vaccine is approved for individuals aged 2 […]
Renalytix plc, a prominent player in artificial intelligence-enabled in vitro diagnostics, has officially terminated its Formal Sale Process, citing a lack of viable acquisition offers in the near term. The sale process, initiated in March 2024 after the company received an unsolicited approach from a large, publicly listed diagnostics company, was aimed at exploring potential […]
Getinge, a prominent Swedish medical technology company, has announced its acquisition of Paragonix Technologies, Inc., a U.S.-based leader in organ preservation and transportation products. The deal, valued at approximately USD 477 million, marks a significant strategic expansion for Getinge, enabling it to enter the fast-growing organ transplantation market. A Strategic Expansion into Organ Transplantation Paragonix […]
Quest Diagnostics (NYSE: DGX) is set to acquire select assets of University Hospitals’ outreach laboratory services business in a strategic move aimed at enhancing diagnostic services in Ohio. This acquisition will significantly broaden the access to Quest Diagnostics’ comprehensive test menu, extend its network of patient access sites, and leverage its extensive health plan coverage. […]
MediPortal PTY LTD. has launched a revolutionary AI-powered practice intelligence platform designed to transform medical practice management across Australia and New Zealand. This groundbreaking software, conceived by a practising general practitioner, integrates seamlessly with Best Practice Software, significantly enhancing its functionality for medical professionals. AI-Powered Practice Management: Revolutionising Healthcare Efficiency MediPortal’s new platform is a […]
Medline Industries, Inc., a leader in medical supplies and solutions, has successfully completed its acquisition of the global surgical solutions business from Ecolab Inc. This acquisition, which includes the highly-regarded Microtek product lines, marks a significant milestone in Medline’s growth strategy. Announced in April 2024, the acquisition strengthens Medline’s portfolio by adding a suite of industry-leading […]
Microsoft Corp. has unveiled collaborations with leading academic medical institutions Mass General Brigham, the University of Wisconsin School of Medicine and Public Health, and its associated health system, UW Health. This strategic move aims to tackle some of the most pressing challenges in radiology and advance artificial intelligence (AI) in medical imaging, promising to enhance […]
MarinHealth has made headlines with its groundbreaking use of augmented artificial intelligence for aneurysm repair, marking a significant advancement in vascular surgery. The healthcare provider recently completed its first vascular surgical procedure utilizing the Cydar Maps AI technology, positioning its surgical team among a select few nationwide capable of employing this cutting-edge system. In a […]
GRAIL, Inc. (Nasdaq: GRAL), a healthcare company renowned for its mission to detect cancer early when it can be effectively treated, has announced a significant milestone in its pursuit of advancing early cancer detection. The first participant has been enrolled in the groundbreaking Real-world Evidence to Advance Multi-Cancer Early Detection Health Equity (REACH/Galleri-Medicare) study at […]