Tag: Baxter

DEERFIELD, Ill. – Baxter International has issued an urgent medical device correction for the Life2000 ventilation system due to the potential for patient oxygen desaturation (low blood oxygen) events that may occur under certain conditions when the system is connected with a third-party oxygen concentrator. Low oxygen saturation may lead to symptoms like shortness of breath, confusion, rapid heart rate or bluish skin. Among the most vulnerable patients, death, life-threatening events or permanent...

BOSTON – Medically Home has announced a new $110 million round of funding from strategic investors, including Baxter International, Global Medical Response and Cardinal Health. Cardinal Health, Mayo Clinic and Kaiser Permanente are providing additional capital on top of their previous investments, demonstrating confidence in the growing expansion of the model nationwide, Medically Home says. "The addition of these strategic national partners powerfully strengthens our logistics capability which...

DEERFIELD, Ill., and CHICAGO – Baxter International announced on Sept. 2 that it has entered into a definitive agreement to buy Hillrom for $156 per share in cash for a total equity value of $10.5 billion and a total enterprise value of about $12.4 billion, including the assumption of debt.  Baxter says the acquisition brings a highly complementary product portfolio and innovation pipeline that will enable the company to provide a broader array of medical products and services to patients...

MUNDELEIN, Ill. - Medline Industries has named Kristofer Howard CFO, according to a press release. Howard joins the company after more than a dozen years in finance and accounting at Baxter and KPMG. At Medline, Howard will be responsible for the company's global finance and accounting organization. “His strong global finance experience in the medical device industry will be invaluable as our business continues to expand both domestically and internationally,” Jim Abrams, Medline's CEO,...