Health care industry
The Stockbridge Group, a shareholder coalition that includes Stockbridge Investment Partners, Inc. and Lenox Healthcare, Inc., has filed an amended Schedule 13D with the Securities and Exchange Commission, seeking to remove three Amserv Healthcare Inc. board members and replace them with its own nominees. The Stockbridge Group owns approximately 6.
Health care industry
Oncor, a leading genetic test system developer, has renewed its agreement with the renowned Mayo Clinic Division of Laboratory Genetics to conduct clinical trials for its DNA probes. The trials aim to evaluate the effectiveness of Oncor's probes in detecting and managing various genetic diseases, including cancer. This
Health care industry
A federal appeals court in San Francisco has ruled that there is no constitutional right to assisted suicide, overturning a May decision by a federal judge in Seattle. The 9th Circuit Court of Appeals' 2-1 decision upholds a 141-year-old ban against suicide assistance in Washington state, reinstating it as
Health care industry
Reading & Bates Corporation, a leading international offshore drilling company, has partnered with International SOS Assistance to provide remote medical services for its rigs in various locations. The agreement covers 15 rigs, with two more to be added this year, and includes 24-hour on-line medical advice, advanced medical training, and
Health care industry
Northern Telecom, a leading provider of telecommunications solutions, has been awarded a contract by Kaiser Permanente, Southern California Region, to supply Magellan Passport Enterprise Network switching equipment. The new system will be used in Kaiser Permanente's wide area private network to enhance the delivery of healthcare services. After
Health care industry
The potential merger between the Meridia Health System and St. Luke's Medical Center is taking shape, with both entities announcing affiliations with Blue Cross & Blue Shield of Ohio last July. As a combined entity, they aim to participate in a joint venture with Blue Cross, which would
Health care industry
MEDIQ/PRN, Pennsauken, N.J., and HNE Healthcare (formerly Huntleigh Healthcare), Manalapan, N.J., have formed a joint venture to distribute pressure area care products nationwide. The venture will handle the rental distribution of HNE Healthcare's products to hospitals and alternate care facilities across the country. Initially, the
Health care industry
Albuquerque-based Horizon Healthcare Corp. has taken a bold step in its ongoing legal dispute with Tacoma-based The Hillhaven Corp. Filing an answer and counterclaims in the United States District Court for the District of Nevada, Horizon is accusing Hillhaven's directors of breaching their fiduciary duties in connection with
Pharmaceutical industry
Procter & Gamble's Didronate therapy has been approved by Swedish regulatory authorities for the treatment of established post-menopausal osteoporosis, marking a significant milestone in the company's efforts to combat a disease that affects 200 million women worldwide. This approval brings the total number of countries where
Health care industry
Transworld Home HealthCare, Inc., a regional supplier of alternate site healthcare services and products, has agreed to extend the closing date for its previously announced acquisition of DermaQuest Surgical Supply, Inc. The new closing date is set for March 1, 1995, due to the need to finalize financing documentation with
Pharmaceutical industry
Caremark International Inc. and Health Management, Inc. have signed a definitive agreement under which Caremark will sell the assets of its Clozaril patient management business to HMI for approximately $34 million in cash and notes. This sale is expected to be completed within 45 days, subject to government review under
Health care industry
President Clinton's 1996 federal budget proposal, submitted in October of that year, has sparked a contentious debate over the future of the Medicare program. Contrary to Republican hopes, the budget shields Medicare from significant cost curbs, effectively daring congressional Republicans to use the program as a major contributor
