A federal judge has denied the Federal Trade Commission’s request for a preliminary injunction to block private equity firm GTCR’s proposed $627 million acquisition of Surmodics, clearing the way for the private equity firm to proceed with the merger. The…
Supply Chain
The U.S. must treat its prescription drug supply as a national security issue and bolster supply chain resilience through targeted investment, coordination and quality improvements, according to a Nov. 10 report stemming from a workshop hosted at Baltimore-based Johns Hopkins…
Olympus Corp. announced a global restructuring plan Nov. 7 aimed at streamlining operations and strengthening its position in endoscopy-enabled care. As part of the transformation, Olympus will reduce its global workforce by roughly 2,000 positions and target approximately $160 million…
NYC Health + Hospitals has completed a five-year upgrade to its linen management machines, a project that is expected to save the health system $3.06 million annually. The health system installed 193 alEx Linen Centers across its 11 hospitals to…
Northfield, Ill.-based Medline entered into a multi-year Prime Vendor agreement with Hartford, Conn.-based Connecticut Children’s. Under the agreement, which took effect in February 2025, Medline will supply medical-surgical products and capital equipment to support Connecticut Children’s 205-bed health system as…
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The Federal Aviation Administration is cutting flight capacity by 10% at 40 major U.S. airports due to staffing shortages amid the ongoing federal government shutdown — a move logistics experts say could slow airfreight deliveries during peak shipping season, according…
Here are three recent medical device and prescription drug recalls reported to the FDA: 1. Olympus recalls endoscope needles Olympus is recalling its ViziShot 2 FLEX needles manufactured before May 12 after reports of component detachment during lung biopsy procedures.…
UPS said Nov. 3 it acquired Andlauer Healthcare Group, a cold chain transportation company that specializes in healthcare, for approximately $1.6 billion. The acquisition of the Canada-based company is one of several steps UPS has made into the healthcare industry.…
The Food and Drug Administration issued a warning letter to Philips citing significant violations at three of its medical device facilities. The inspections took place between January and March 2025 at Philips Ultrasound facilities in Bothell, Wash., and Reedsville, Pa.,…
Medicare improperly paid $22.7 million to suppliers from 2018 to 2024 for durable medical equipment, prosthetics, orthotics and supplies provided to enrollees during inpatient stays, according to a federal audit. An Oct. 24 audit by HHS’ Office of Inspector General…