Shareholders of two companies set to be acquired are suing over the offers, alleging that the companies breached their fiduciary duties in agreeing to the buyouts.Investors in AGA Medical Holdings Inc. (NASDAQ:AGAM) sued in the Delaware Chancery Court over St. Jude Medical Inc.’s (NYSE:STJ) $1.3 billion offer for AGA, alleging that “the [...]

General Electric Co.’s (NYSE:GE) healthcare unit has agreed to acquire molecular diagnostics firm Clarient Inc. (NASDAQ:CLRT) for about $587 million in cash.GE is growing its disease-diagnosis business and said the cancer profiling market will increase from its 2009 $15 billion value to $47 billion by 2015.The deal stipulates a $20 price per preferred [...]

The Institute of Medicine’s “The Future of Nursing: Leading Change, Advancing Health” is a logical read and echos what nurse practitioners (NPs), patients and some other professions have been saying for years: let NPs do the work they are educated and trained to do without arbitrary and archaic state and/or federal barriers, according to A Nurse Practitioner’s View blog.

An Aurora, Ohio subsidiary of GE Healthcare is teaming with clinicians and researchers at Cincinnati Children’s Hospital Medical Center and Ohio State University to find better ways to take magnetic resonance images of children.GEHC Coils Inc. in Aurora — the former USA Instruments Inc. — will use a $1 million Ohio Third Frontier grant to [...]

GE Healthcare posts robust second-quarter profit and sales gains during the three months ended June 30.GE Healthcare’s second-quarter revenues and profits showed continued growth during the three months ended June 30.The medical equipment manufacturing unit of General Electric Co. (NYSE:GE) generated $4.1 billion in revenues during the quarter, a 3 percent [...]

Ohio Third Frontier commissioners made a slew of biomedical grants under two programs today.Recommended for more than $4.9 million under the Ohio Third Frontier Biomedical Program:– CardioX Corp., Dublin, in collaboration with Nottingham-Spirk Design Associates in Cleveland and QTest Labs in Columbus, was awarded $986,373 to finalize designs and clinical protocols for a new method [...]

GE Healthcare today unveiled a web-based electronic medical records solution.The company’s Centricity Advance combines of EMR, practice management and patient portal solutions.Using their own secure password, patients can log in from anywhere to schedule their appointments, request prescription refills or access billing statements, lab results and private messages from their clinicians,according to GE Healthcare.Clinics that [...]

Strong fourth-quarter sales for surgical-robot maker Intuitive Surgical Inc. and sales improvements for General Electric Co.’s Healthcare unit on Friday suggest U.S. hospitals may be ready to spend again on expensive capital equipment.

David Williams talks with Vishal Wanchoo, president of GE Healthcare IT, who provided additional insight into the company’s Stimulus Simplicity program to finance implementation of GE’s electronic health records solution.

Worldwide demand for so-called “hybrid” operating rooms is growing at a double-digit rate, despite a deep economic recession that is limiting growth in more traditional surgical markets. Mentor’s STERIS Corp. is participating in growth of hybrid rooms by partnering with other medical technology makers.