Threat of Health Care ‘Cadillac Tax’ Set to Vanish
Congress, White House include a repeal of the excise tax in 2020 funding legislation that's expected to be signed into law by Friday.
Fresenius Medical Fined $231M in Bribery Probe
The German medical device company allegedly paid $31 million in bribes to doctors and public health officials in at least 17 countries.
Interim CFO Firm Succeeds by Keeping Sights Narrow
Veteran life-sciences CFOs leverage their specialized expertise to run their own outsourced finance services business.
Medtronic Sales Show Impact of Supply Glitch
Sales of the company's diabetes division fell 1% in the first quarter amid a supply shortfall for its glucose monitor sensors.
Cardinal Health Buys Medtronic Units for $6B
The deal will expand Cardinal's medical products business but its shares dropped 11.5% on updated guidance for fiscal 2017.
Medtronic to Acquire HeartWare for $1.1 Billion
The deal gives Medtronic access to a market for a heart failure treatment that is expected to grow in the mid-to-high single digits through 2017.
Ex-Comerica CFO Parkhill Moves to Medtronic
Karen Parkhill, one of American Banker's Most Powerful Women in Banking, takes over as finance chief of the medical device maker.
Canon Takes Lead in Bidding War for Toshiba Unit
Toshiba reportedly granted Canon preferential negotiating rights after it offered $6 billion for Toshiba's medical equipment business.
Stryker to Buy Sage Products for $2.78 Billion
The deal gives the medical device maker a portfolio of products aimed at preventing "never events" such as hospital-acquired infections.
Baxter To Cut 1,400 Jobs
The job cuts come after a quarter of falling sales and the addition of a hedge fund executive to the medical device maker's board of directors.