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Medical Devices

Abbott's choice: acquire more businesses now or pay later

Abbott's choice: acquire more businesses now or pay later

Abbott Laboratories needs to decide whether to jump back into the merger arena or rely on internal revenue sources to drive growth and support Abbott's shares, which have leveled off since climbing 40% to a five-year peak of $63.62 during the 12 months ended in March.

Providers expect Amazon to lower medical supply prices

Providers expect Amazon to lower medical supply prices

Sixty-two percent of health system executives support Amazon's growing presence in the medical supply sector and nearly the same amount said the company could successfully deliver supplies faster and at a lower price, according to a new survey.

Hill-Rom names new CEO

Hill-Rom names new CEO

Chicago-based hospital bed and medical device supplier Hill-Rom Holdings appointed John Groetelaars president and CEO, effective May 14.

Alere to settle False Claims Act allegations for $33.2M

Alere to settle False Claims Act allegations for $33.2M

The U.S. Justice Department settlement involves claims that Alere, which was acquired by Abbott Laboratories last year, sold its Triage-branded devices to hospitals from 2006 to 2012 despite customer complaints warning of erroneous results.

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