Medtronic, Inc. and Osteotech, Inc. have signed a definitive agreement under which Medtronic will acquire Osteotech for $6.50 per share in cash of Osteotech common stock. The total value of the transaction is expected to be approximately $123 million. Osteotech is a leader in the growing field of biologic products for regenerative healing, and has pioneered several technology platforms, including the Grafton® demineralized bone matrix, which has a growing body of evidence supporting its bone-generating capabilities.
Ivan Moreno, AP A Colorado hospital said that it has temporarily suspended live donor liver transplants while it investigates the death of a South Dakota man who donated part of his liver to his brother. The death would be Colorado's first of a live liver donor and the fourth in the country if it's ruled it was a result of the procedure, according to the United Network of Organ Sharing.
Stephen Singer, AP Finding investors in a weak economy is never easy, but John Marano hopes a new Connecticut tax credit will persuade some to take a chance with his medical equipment manufacturing company. Marano, president and CEO of Vascular Insights, which manufactures and sells equipment to treat varicose veins without surgery, anesthesia and hospital stays, said he's looking to the new state tax credit to attract more investors to the company.
by Pohla Smith, Pittsburgh Post-Gazette The study about the effects of surgery to decompress an artery pressing on the medulla oblongata was published in Surgical Neurology International. The medulla oblongata is responsible for, among other things, function of the pancreas, which is involved in the production of insulin.
Obesity rates have started to decline and level off for many adolescents, but continue to increase for certain racial and ethnic minorities, according to a new UCSF-led study. The evidence of increasing racial disparities for obesity underscores the need for more tailored intervention programs and policies that target high-risk groups, the authors conclude.
Findings from a new study released today estimate that measurable medical errors cost the U.S. economy $19.5 billion in 2008. Commissioned by the Society of Actuaries (SOA) and completed by consultants with Milliman, Inc., the report used claims data to provide an actuarially sound measurement of costs for avoidable medical injuries.
Seanna Adcox, AP Obese government workers in South Carolina can get stomach-shrinking surgery through the state health plan under a pilot program that starts in January. The state's employee insurance plan will cover gastric-bypass or lap-band surgery costs for 100 people statewide on a first-come, first-serve basis, said Stephen VanCamp, director of the employee insurance program.
If recently injured patients with serious bleeding were to receive a cheap, widely available and easily administered drug to help their blood to clot, tens of thousands of lives could be saved every year, according to a paper published on-line today by The Lancet . Dr Ian Roberts, Professor of Epidemiology at the London School of Hygiene and Tropical Medicine (LSHTM), revealed that results from a trial show that early administration of tranexamic acid (TXA) to patients with recent, severe bleeding injuries saves lives, with no evidence of adverse effects from unwanted clotting.
A new study finds that while many who suffer from body dysmorphic disorder (BDD) seek cosmetic procedures, only two percent of procedures actually reduced the severity of BDD. Despite this poor long-term outcome, physicians continue to provide requested surgeries, states a study recently published in Annals of Plastic Surgery Katharine A.
Women experience chronic pain longer, more intensely and more often than men, according to a psychologist who works with both men and women dealing with diseases and conditions that leave them suffering. “Chronic pain affects a higher proportion of women than men around the world,” said Jennifer Kelly, PhD, of the Atlanta Center for Behavioral Medicine.
Frank Jordans, Associated Press Writer GENEVA (AP) — The World Health Organization declared the swine flu pandemic officially over Tuesday, months after many national authorities started canceling vaccine orders and shutting down telephone hot lines as the disease ebbed from the headlines.
Lindsey Tanner, AP Medical Writer CHICAGO (AP) — Aggressive, drug-resistant staph infections caught in hospitals or from medical treatment are becoming scarcer, another sign of progress in a prevention effort that has become a national public health priority. The decline was seen in a federal study of methicillin-resistant staph, or MRSA.
Ana Jimenez-Salgado had her breasts surgically removed at Los Angeles County-USC Medical Center after two outside pathologists determined the cells obtained from an August 2007 biopsy were cancerous. She later underwent reconstructive surgery. The hospital's pathologists examined tissue obtained during that procedure and concluded she did not have breast cancer.
With the generous sponsorship of FedEx (NYSE: FDX), ORBIS International's Flying Eye Hospital - the world's only eye surgical and training hospital with wings - touches down in two Southeast Asia countries to deliver sight-saving surgeries to those suffering with blindness and visual impairments, and to conduct skills exchange programs with the local ophthalmic community.
The Cardinal Health Foundation announces that, for the third consecutive year, it has awarded more than $1 million in grant funding to help U.S. hospitals, health systems and community health clinics improve the efficiency and quality of care. Forty organizations in 25 states have been awarded grants ranging from $7,500 up to $37,500 as part of the 2010 Cardinal Health Foundation E3 Grant Program, which was launched in 2008 to improve the effectiveness, efficiency and excellence of health care, nationwide.