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This week San Francisco-based Ringadoc announced an additional $700,000 in funding for its seed round, which combined with its previously raised $1.2 million, brings its total round of funding up to $1.9 million. While Founders Fund’s FF Angel led the round, the new $700,000 comes from Los Angeles...
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It's funny how the English language can be so exact sometimes and completely misleading at others. Unfortunately, the term 'personal finance' is one of the damaging and completely misleading uses of our language, and it's got to stop. What do I mean? Personal finance, by definition, should...
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Earlier this year at the JP Morgan Healthcare convention the company made known their efforts to expand. Cerberus is the Private Equity firm that holds Steward Healthcare so we have one more move with private equity firms moving forward to buy up more hospitals. This time there’s no religion...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Tue, Feb 22 2011
Filed under:
Filed under: Medically Related, Other Items of Interest, healthcare, Hospitals, Money, Investments, Caritas Christi Health, JPMorgan Healthcare Conference, acquisitions and mergers, Cerberus, private equity, Landmark Medical
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The approval process too has been hit by economics. Due to the money needed to be spent for FDA approval, some companies simply don’t have the money to go through the approval process, depending on how long, trials, etc. are required. Device companies in the US are finding that approvals in Europe...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Mon, Feb 14 2011
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Filed under: Medically Related, Technology, My Commentaries, healthcare, Social Networks, Medical Devices, Venture Capitalists, Money, Investments, Budget, Algorithms, Europe, value, balance, jobs
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Again we are seeing the changing face of hospitals in the US today, more moving over to the for profit side with this latest acquisition from Community Health of 3 Catholic Health Partners. Community Health owns and operates hospitals all over the US. Not too long ago they were one of the...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Sat, Feb 12 2011
Filed under:
Filed under: Medically Related, Other Items of Interest, Investments, Pennsylvania, Community Health Systems, for profit hospitals, CHP, Mercy System, Roman Catholic Church, capital, Catholic Health Partners
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Do I need to say more about the financial connection here? I don’t know if or how many doctors could be on their board. BD UnitedHealth Group (NYSE: UNH | PowerRating ) announced that Rodger A. Lawson has joined the company's board of directors. Richard T. Burke, chairman of the...
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Sales have fallen and I guess even that big reward from Boston Scientific for 2 billion in 2010 was not enough to keep things rolling along here. Apparently the stent business is growing in other places and sales are down to 2.5 billion from 4 billion just a few years ago. Other companies...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Thu, Feb 10 2011
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Filed under: Medically Related, Technology, drugs, healthcare, Medical Devices, Pharma, Biotech, FDA, Stents, Recalls, Legal Suits, Investments, Boston Scientific, Johnson and Johson, Cordis
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This is a game or situation that Johnson and Johnson seems to be good at with their multitude of legal cases with stents. This time they are on the losing end of the stick with a jury ruling they violated a patent. The same researcher also won a case against Boston Scientific on his design...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Sat, Jan 29 2011
Filed under:
Filed under: Medically Related, Pharma/FDA News, drugs, healthcare, Medical Devices, Pharma, Biotech, FDA, Stents, Recalls, Legal Suits, Investments, Boston Scientific, Johnson and Johson
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This was an interview done from the World Economic Forum to where they are talking about their donations and grants and also how different governments are matching an contributing. The UK is one of the countries working with the foundation. There were a few questions asked here and tomorrow...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Fri, Jan 28 2011
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Filed under: Medically Related, Other Items of Interest, Microsoft/Windows News, Education, Heatlhcare, Investments, Vaccines, children, Bill and Medinda Gates Foundation, Davos, polio, World Econonic Forum
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Included in this group is Community Health, who is on their own trying to slate a hostile take over of Tenet. You can view the portfolio companies of the Heritage Group here. Most ore technology or Health IT related and there are some included that represent emerging technologies in the medical...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Thu, Jan 27 2011
Filed under:
Filed under: Medically Related, Technology, Other Items of Interest, Investments, Venture Capital, Vanguard Healthcare, Community Health Systems, for profit hospitals, Heritage Healthcare Innovations Fund, Life Point Hospitals
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In doing this blog and researching and reading about what’s happening here and what goes on globally I guess I’m kind of close to it as well as the journalists who bring the article to press that I blog about. We see jobs and technology going over seas with one business after another. That...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Wed, Jan 19 2011
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Filed under: Medically Related, Technology, My Commentaries, healthcare, FDA, China, India, Economy, Investments, Study, JP Morgan, innovation, jobs, Price Waterhouse, ventur capital
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As you may have read here, this is a hospital chain in Boston, Caritas Christi that was purchased by an investment firm and basically is becoming the first “for profit” group of hospitals in the Boston area. Last week at the JP Morgan Healthcare convention they made the announcement that this was...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Tue, Jan 18 2011
Filed under:
Filed under: Medically Related, Other Items of Interest, healthcare, Hospitals, Money, Investments, Caritas Christi Health, JPMorgan Healthcare Conference, acquisitions and mergers, Cerberus, private equity, Landmark Medical
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When you stop and think about it, all Facebook constitutes is bunch of servers that host images, emails and some applications (algorithms) and that’s about it. Unless you buy a shirt, coffee cup, etc. with Facebook on it, it’s all intangibles worth around $50 Billion. I still have a hard...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Tue, Jan 18 2011
Filed under:
Filed under: Other Items of Interest, My Commentaries, Investors, Facebook, Heatlhcare, Investments, Data, Algorithms, IPO, SEC, Goldman Sachs, addictions, electronic trading
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China wants more hospitals and more of the medical tourism business and it appears they are working on relaxing some old laws a policies to entice more to invest. I just posted a story this week where a business man was detained from leaving until he paid up on a legal judgment he was not aware...
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How much is an algorithm worth? Ask anyone on Wall Street these days and it’s these intangibles (aka Facebook) that seems to be making the news today. Private Equity seems to believe the profits are there as well the banks. In this case the company appears to be changing hands from...
Posted to
The Medical Quack .... by Barbara Duck
by
The Medical Quack
on
Fri, Jan 7 2011
Filed under:
Filed under: Medically Related, Technology, Other Items of Interest, healthcare, software, Investments, Algorithms, Mergers and Acquisitions, private equity, Norwest Equity, Surgical Information Systems