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UK Unemployment falls to 7 year low

The UK unemployment rate fell to a seven-year low of 5.3% in the three months to September, new figures show. It was the lowest jobless rate since the second quarter of 2008, the Office for National Statistics (ONS) said. The number of people out of work fell by 103,000 between July and September to 1.75 […]

Nikon to buy optical imaging player Optos for $400M in med tech expansion bid

Nikon will acquire the Optos Group for £259.3 million ($400 million) as part of its long-term plan to expand into the medical sector. Last June, the long-suffering camera giant restructured and unveiled a plan to establish itself again as a growth company–part of that is to leverage its optical technologies to expand into the medical […]

Cyberonics, Italy’s Sorin Merge to Create Medical Technology Leader

Italian medical device maker Sorin and its smaller U.S. peer Cyberonics Inc (CYBX.O) announced a merger on Thursday to create a global leader in cardiac surgery and neuromodulation with an equity value of $2.7 billion. The all-stock deal values the Italian company at about $1.4 billion, a 14.2 percent premium to its market capitalization before […]

Medical business targets Middle East as it looks to replicate NHS

A healthcare manufacturing and distribution company is eyeing the Middle East to help it expand further. Selby-based GBUK says that the UK healthcare market is very mature and that the Middle East offers great opportunity as the governments in that region look to replicate the UK’s NHS. Mark Thompson, CEO at GBUK, told The Yorkshire […]

Scanadu: The ‘Star Trek’ Medical Tricorder Becomes a Reality

  In 2013, a man bilked investors into funding a medical device that worked like the Star Trek tricorder. He even named it after the grumpy doctor who used in on the iconic show — The “McCoy Home Health Tablet.”The man’s “investment opportunity” was a scam, and according to the National Post, he was convicted […]

Philips Completes Acquisition of Volcano

Acquisition expands Philips’ global leadership position in image-guided therapy market Amsterdam, the Netherlands and San Diego, CA, US – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that it has completed the acquisition of Volcano Corporation (NASDAQ: VOLC). Volcano’s financial results will be consolidated as part of Philips’ image-guided therapy business group as of February 17, […]

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  • 11
  • Nov 2015

UK Unemployment falls to 7 year low

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