Healthcare Moves: A Monthly Summary of Hires and Layoffs
Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.
New private equity investment makes Iodine Software the latest healthcare unicorn
Advent International, a private equity firm, is investing an undisclosed amount into Iodine boosting its valuation beyond $1 billion. The hope is that the company's AI-powered clinical documentation improvement software can capture a greater share of the market for software products that help hospitals code and bill accurately to receive reimbursement.
3M snaps up cloud AI tech from M*Modal for $1 billion
M*Modal specializes in building cloud-based conversational AI systems to ease the burden of physician documentation.
3M, Google’s Verily team up on population health management technology
Exactly one hour after Siemens Healthineers announced a deal with IBM Watson Health, 3M Health Information Systems said it was teaming with the Google-affiliated Verily Life Sciences to develop technology to support population health management.
3M invests in Impel NeuroPharma’s drug delivery device
Seattle-based Impel NeuroPharma has attracted investment from 3M's venture arm. It's developing an inhaled drug delivery product that sends medication straight to the brain and CNS.
3M may sell health IT business, or it may not
3M said Thursday that it is "exploring strategic alternatives" for its health information systems division.
A Deep-dive Into Specialty Pharma
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Hashtag your health: Building a health record with likes, shares and check-ins
Set your status. Check in with your symptoms. Share photos. Tag parts of the body. Hashtag to join conversations. Personiform‘s Project Medyear combines Twitter and Google Plus with a political campaign-style health record-sharing patient movement. It aspires to be NoMoreClipboard on a Friday night — less official, more social. And Personiform’s kicked off a campaign […]
3M and Sage Products create “Nose to Toes” kit to reduce infections
3M Health Care and Sage Products announced Thursday that they are collaborating on a solution that will reduce the rate of hospital infections. Through the partnership, Sage Products, a disposable healthcare products company, will sell medical kits that include three products made by 3M Infection Prevention Division and Sage. They are a 3M Skin and […]
3M counters ‘sabotage’ charge with ‘blackmail’ lawsuit
3M has come out swinging against a U.K. firm that has launched a lawsuit against the St. Paul, Minnesota company for allegedly sabotaging a technology it acquired from that firm. In a counter lawsuit the diversified conglomerate filed in a state court in New York, 3M said that Porton Group and its CEO Harvey Boulter […]
U.K. government and a U.K. firm seek $67M from 3M in lawsuit
The British government has gotten involved in a lawsuit against 3M over how it managed a technology it acquired from a company partially owned by a U.K. Ministry of Defence subsidiary. Four years ago, 3M bought a potential breakthrough device from Acolyte, a U.K. company owned by the Porton Group and a subsidiary of the […]
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Did 3M sabotage a superbug detecting device?
A British company is alleging that diversified conglomerate 3M Co. sabotaged a device that it sold to the St. Paul, Minnesota company in favor of bringing 3M’s own, more expensive solution to the market. Five years ago, the Porton Group sold 3M a potential breakthrough device called the BacLite, which uses a special fluorescent light […]
3M threatens legal action; Andover pulls bandages off market
Andover Healthcare Inc. pulls its compression bandage system off the market in the face of a legal move by 3M Co. to enforce a recently won patent. 3M Co. (NYSE:MMM) forced a compression bandage system made by Andover Healthcare Inc. off the market by threatening to seek a legal injunction barring sales of the product. […]
3M wins patent, sues for infringement
3M Co. sues Andover Healthcare Inc. for allegedly infringing on patents related to the company’s two-layer compression bandage systems. 3M Co. (NYSE:MMM) is suing Salisbury, Mass.-based Andover Healthcare Inc. for patent infringement. The company alleges that Andover’s two-layer compression bandage systems, including its CoFlex TLC and the CoFlex TLC Lite, infringe upon patents that cover […]
Kramer’s exit from the University of Minnesota raises tricky questions
In the end, Matt Kramer’s departure from the University of Minnesota was a lot more low key than his hiring less than a year ago. With great fanfare, the school had hired Kramer in July 2009 to run what was then known as the Academic and Corporate Relations Center. The university had good reason to […]
Employers health group CEO: we need to focus on “real reform”
Long before healthcare reform, medical home, and quality metrics became today’s buzz words, there was the Buyers Health Care Action Group (BHCAG). Founded in 1988, the coalition of large Minnesota companies, including 3M, Target, Medtronic, Best Buy, and General Mills, pioneered concepts of paying doctors for good performance and promoting transparency in the quality and […]