News outlets report on challenges associated with the push to go digital in the next five years. Center for Public Integrity: Will Digital Technology Reduce Gap In Health Between Rich and Poor? Although the federal government is directing billions of dollars in economic stimulus money to get electronic health record technology into hospitals and clinics [...]

ST. PAUL, Minn.–(BUSINESS WIRE)–St. Jude Medical, Inc. (NYSE:STJ) today announced preliminary revenue results for the fourth quarter ended January 1, 2011. These results are being referenced today in a presentation by Daniel J. Starks, Chairman, President and Chief Executive Officer of St. Jude Medical, at the 29th Annual JP Morgan Healthcare Conference in San Francisco. [...]

Stephen MacMillan must have happy feet and is dancing a jig in Kalamazoo. His company, Stryker Corporation, just announced an 8.8% increase in net sales to $1.99 billion for the fourth quarter of the year. Why shouldn’t he be happy? He’s jettisoned the troublesome OP-1, increased his device footprint by buying Ray Elliott’s (Boston Scientific) [...]

Biomet’s sales growth flatlined during the company’s second quarter of 2011. Net sales were $698.3 million for the quarter. Reported knee sales were up 1%, while hips and spine declined by 1% and 3%, respectively. The company’s bright spot was a 21% increase in sales of extremities. 2Q11 Biomet Sales ($ in millions) % Change [...]

Shares of Smith & Nephew surged on the London Stock Exchange on Monday, getting a boost from a report that the medical device maker had rejected a £7 billion, or $10.9 billion, takeover bid by Johnson & Johnson. On Saturday, the city editor of Sky News, Mark Kleinman, wrote on his blog that Johnson & Johnson had approached [...]

NATICK and BOSTON, Mass., Jan. 5, 2011 /PRNewswire/ — Boston Scientific Corporation (NYSE:BSX – News) today announced it has acquired Intelect Medical, Inc., a development-stage company located in Boston. Intelect Medical is developing advanced neuromodulation technologies for deep brain stimulation (DBS) therapy. The transaction values Intelect Medical at $78 million with no cash and no [...]

BEDFORD, Mass., Jan. 7, 2011 /PRNewswire/ — Hologic, Inc. (Hologic or the Company) (Nasdaq:HOLX – News), a leading developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs of women, announced today it has acquired Interlace Medical, Inc. (Interlace), the developer and manufacturer of the MyoSure [...]