Cambridge, United Kingdom-based Team Consulting, a medical device design company, is incorporating the Japanese concepts of "poka-yoke" to its pharmaceutical packaging in attempts to reduce medical device usage errors, according to a company news release.
Supply Chain
Computer hackers have broken into the system networks of three of the top medical device companies, according to a San Francisco Chronicle report.
In 2013, about $2.5 billion was invested in medical device development — which included 261 venture capital deals — the lowest rate since 2005, when $2.4 billion was invested over 251 deals, according to a Wall Street Journal report.
Analyzing and re-considering healthcare purchased services can help hospitals save up to 30 percent on their operating budgets.
Memphis, Tenn.-based Wright Medical Group has acquired Salt Lake City-based OrthroPro, a company that creates products for foot and ankle surgery, for $32.5 million.
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An outbreak of Burkholderia cepacia complex was linked to a contamination in the hospital's institutional compounding facility, according to a report in JAMA Internal Medicine.
Brentwood, Tenn.-based HealthTrust has selected Farmers Branch, Texas-based Techway Services to provide IT asset recovery and recycling services for HealthTrust member facilities, according to a Techway Services news release.
Cleveland-based CHAMPS Healthcare's Group Purchasing division has entered a three-year contract-pricing agreement with Mundelein, Ill.-based Medline offering CHAMPS members savings on custom procedure trays and sterile packs, according to a CHAMPS news release.
An affiliate of San Francisco-based Thoma Bravo, a private equity investment firm, has acquired Louisville, Colo.-based Global Healthcare Exchange, a private healthcare supply chain provider, for an undisclosed amount.
The National Institutes of Health has joined forces with 10 biopharmaceutical companies and seven nonprofit organizations to create the Accelerated Medicines Partnership, a five-year, $230 million joint initiative geared toward producing drugs more quickly.