VNUS and Aspect Medical Systems buyouts boost the company’s medical device business as Covidien Plc. posts $364 million profit on 2.6 billion in sales. All that bargain hunting is starting to pay off for Covidien Plc. (NYSE:COV). Despite relatively flat sales growth overall, the Mansfield, Mass.-based medical products giant saw sales in its medical devices […]
Covidien plc agrees to pay $250 million in cash to acquire oximetry device maker Somanetics Corp. at $25 per share. Covidien plc (NYSE:COV) continued to streamline its medical device operations with the latest acquisition in a series of buys and sells: a $250 million cash buyout of oximetry equipment maker Somanetics Corp. (NSDQ:SMTS). The Mansfield, […]
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.
The Cleveland Clinic will study the outcomes of patients who received anesthesia during surgeries through a five-year collaboration and licensing agreement with Aspect Medical Systems Inc.in Norwood, Mass. Investigators from both organizations propose to combine the strengths of effectiveness research with those of efficacy research to find ways to measure and predict patient outcomes, based on anesthesiology practices.