SetPoint Medical scored USD 27 million in funding from new and current investors to expand its neuromodulation and bioelectronic treatment modalities for inflammatory diseases.
Healthcare Health/Fitness
CDC and Abraaj invest in Rainbow Hospitals
CDC and Abraaj have jointly invested in Rainbow Hospitals. The development finance institution of the UK, CDC together with the Abraaj Group, one of the foremost investors participating in growth markets worldwide, have announced their financial investment in the Rainbow Hospitals group.
Prospect Capital Corp loans Matrixx Initiatives USD 80 million for recapitalization
Prospect Capital Corp gave a loan valued at USD 80 million to Matrixx Initiatives Inc for its recapitalization.
Medtronic acquires Cardiocom for USD 200 million
Medtronic purchased Cardiocom for USD 200 million in cash. Medtronic Inc, the world's largest medical technology company, bought Cardiocom Llc for USD 200 million.
First GSK, now China focuses investigations on Sanofi
Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
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GlaxoSmithKline (GSK), the biggest pharmaceutical firm in Britain, launched a USD 50 million venture capital fund for bioelectronic medicines and technologies.
Montreal-based TVM Life Science Ventures VII managed by international venture capital company TVM Capital Life Science invested in Ixchelsis Ltd, a startup based in the UK.
Private equity firm GTCR announced the partnership it formed with Ed Fiorentino for the formation of Crealta Pharmaceuticals Inc.
Persistence Capital Partners (PCP) saw its exclusive investments in the Canadian healthcare sector pay off.
EMIS Group announced that it had acquired Digital Healthcare Limited for GBP3.1 million. The EMIS Group's board of directors announced it had acquired Digital Healthcare Limited.
Rural/Metro Corp. filed for Chapter 11 bankruptcy protection at the U.S. Bankruptcy Court in Wilmington, Delaware on Sunday.
HealthCare Global and DM Healthcare revealed that they have offered separate bids for the Actis owned Sterling Hospitals.
The Indian finance head attempted to gather support from opposition leaders for the passing of insurance and pension sector bills.
Ellis Medicine barely passed the positive net income mark in its midyear performance report due to investment income.
