Cardinal Health, citing reduced demand for equipment capital budgets in hospitals, has reduced their earnings outlook for 2009. David Schlotterbeck, CEO of Clinical and Medical Products said, “With the delay in hospital capital spending, we expect softness in our capital equipment sales to continue in the second half of the fiscal year. It is important [...]
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COCIR and HIMSS Announce Enhanced Cooperation
Press Release: 08 Jan. 2009 (Brussels, Belgium) With complementary missions to improve the delivery of healthcare with the best use of health IT and management systems, the European Coordination Committee of the Radiological, Electromedical and Healthcare IT Industry (COCIR) and the Healthcare Information and Management Systems Society (HIMSS) have agreed to coordinate their efforts on [...]
India – Economic Downturn Impact On Healthcare?
The rapidly growing healthcare sector in India, while remaining buoyant is expected to slow as a result of less capital being available to fund new investments in facilities. Discretionary medical procedures and some drug prescriptions are likely to be postponed or eliminated. There is a general tightening on spending with travel budgets being cut across [...]
New Sourcingcare Joint Venture Facility China
New SourcingCare Joint Venture Facility China: High quality ISO 9001:2000 and UKAS Quality Management System Product capability: Currently manufactures products used in several industries, including integrated electronic handsets and controls, metal assemblies and machined parts, plastic moldings, components and assemblies. Current customers: Currently serves a wide range of customers from the high tech semiconductor industry [...]
BD (Becton Dickinson) On A Roll
While many business are slashing dividends BD continues to increase their dividend for the 36th continuous year. They also announced a stock repurchase program. “This marks the 36th consecutive year of BD dividend increases. We continue to generate strong cash flow, allowing us to return significant dollars to our shareholders while continuing to make investments [...]
Sibaya At Emballage 2008 – World Packaging Conference – Paris, France
A Sibaya delegation lead by Bruno Cocheteux attended the Emballage 2008 – World Packaging Exhibition in Paris, France 17 – 21 November 2008. Robotics and Class 4 Clean rooms: As far as equipment is concerned, there was an increasing representation of robotics solutions to perform complex and numerous tasks. We also interestingly noted the introduction [...]
The US Medicaid Program Set To Grow At Double GDP Growth
CMS (Centers for Medicare and Medicaid Services) announced that their actuarial report shows that Medicaid is set to grow 7,9% per year for the next 10 years, or roughly double the GDP rate of the US. Good news for healthcare product manufacturers and providers if you believe the payer (reimbursement) side of the Porter model. [...]
J&J Cypher Stent Sort Out III Study VS Medtronic Endeavor Stent
The DES (Drug Eluding Stent) wars continue with this recently published J&J Cypher stent sponsored clinical trial. The study showed more cardiac events, blood clots and increased intervention were required with the Medtronic Endeavor stent. Patients had been recruited previously in the J&J Sort Out II study which had compared Cypher with the Boston Scientific [...]
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