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Friday, February 21, 2020

Software & Data

Cerner Sells Parts Of Healthcare IT Portfolio For $250 Million

Earlier this month, Cerner Corporation entered into an agreement with CompuGroup Medical SE to sell off parts of its healthcare IT portfolio. This will see Cerner’s Medico, Selene, Soarian Health Archive, and Soarian Integrated Care software products sold for around $247.5 million to the German healthcare software company. Cerner acquired the hospital information system business back in 2014 for $1.3 billion from Siemens...

Medical Devices

Cardiology Tech Market To Reach $7 Billion By 2024

International economic research firm, Moody's Investors Service predicts that cardiology device revenues will not only boom but outperform the broader MedTech area over the next four years. According to a recent report, this is being driven by the increasing sales of transcatheter aortic valve replacement (TAVR) devices. TAVR, also sometimes referred to as transcatheter aortic valve implantation (TAVI) is the "minimally invasive surgical procedure [that] repairs the valve without removing the old, damaged valve. Instead, it wedges a replacement valve into the aortic vale's place."...

Consumer Internet

23andMe Announces Layoffs, Signals Trouble At The DNA Testing Giant

In light of declining sales, DNA testing unicorn 23andMe has announced it's laying off about 100 workers, or 14% of its total workforce. A spokesperson for the company confirmed that 23andMe is "restructuring" its consumer business. This signals a potential shift towards drug development based on genetic data collected from its ancestry tests...

Biotech

GenapSys Funds Its Sequencer Amid Fight Against The Coronavirus

Sequencing technology company, GenapSys has announced its raised $75 million from Oxford Financing. This comes just months after a Series C funding round which saw the California- based firm raise $90 million. It all comes down to the commercialization and distribution of the company's GenapSys Sequencer across the Asia Pacific region, including China which is at the center of the deadly Coronavirus outbreak...

Features

Silicon Valley Bank’s Predicts A Rise In Health Tech Investments For...

While healthcare companies may have seen fewer dollars last year, after a record-breaking 2018, according to a report released by Silicon Valley Bank, 2020 is poised for growth. Companies across the U.S. and Europe raised a total of $32.49 billion last year, primarily driven by increased investments into healthcare technology. That amount was just shy of the $33.17 billion companies raised in 2018...

Popular Articles

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Alex Gorsky Is The All-American CEO

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Google Health Tech Titan Aashima Gupta Advances The Field

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Thermo Fisher Scientific CEO Marc Casper Makes a Strong Impression

There is much ado about Marc Casper. By all accounts, the CEO of Thermo Fisher Scientific is whip-smart and has a keen eye for what’s happening next in the biotech business but may leave something to be desired when it comes to up-keeping employee morale. Overall, however, under his stewardship the company continues to thrive...

Baxter International Acquires True Process

True Process, a medical software business based in Wisconsin, has found itself a buyer in Fortune 500 medical equipment firm Baxter International.  After they...

The 5 Emerging Technologies Poised to Impact Healthcare

Advancements in healthcare technology continue to drive incredible innovation throughout the sector, and certain emerging technologies outside of healthcare are poised to generate even more breakthroughs in digital health. Here are the five technological trends most likely to impact future healthcare...