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Siemens Healthineers shares surge after Frankfurt Stock Exchange IPO The stock closed at 30 euros on Friday

FDA warns duodenoscope makers about failure to comply with requirements Reprocessing issues resurface for Olympus, Fujifilm and Pentax

Cigna to purchase Express Scripts for $52 billion The latest in a string of insurance-pharma M&A activity

Onkos Surgical and 3D Systems sign four-year business agreement Personalizing musculoskeletal cancer treatment

Samsung and Philips partner to broaden the connected health ecosystems The companies' platforms will be connected

Canon acquires cardiac IT manufacturer Fysicon Obtains wide portfolio of monitoring systems sold globally

Verasonics files suit against Supersonic Imagine Claims software beamforming architecture infringes patent

Northwell Health touts Philips collab for ICU and ED improvements at HIMSS Experienced 20 percent drop in ICU mortality rate

Philips inks deal with Hologic for mammography equipment Will integrate with broader portfolio for 'a complete set of innovative diagnostic imaging systems'

Siemens now planning smaller Healthineers IPO The offer puts a price of 31 billion euros on the division, previously estimated around 35 billion

Top stories of 2016

Top 10 health care business stories of 2016

by Gus Iversen , Editor in Chief
While year-in-review lists are a time honored media tradition, you would be hard-pressed to find someone who didn't think 2016 was truly exceptional. For better or worse, so much has happened in the U.S. and in the world, and the health care industry was impacted as much as any other.

From the perspective of health care business, our editorial team put our heads together to come up with the most impactful stories of the year. Here they are:

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10) Medicare pay cuts to push providers using film and CR toward DR systems

Hospital outpatient facilities and physicians’ offices still using analog and CR X-ray equipment need to begin thinking about making the switch to DR in order to avoid Medicare reimbursement reductions starting next year.

As part of the $1.1 trillion omnibus spending bill passed by Congress and signed into law by President Barack Obama, provisions in the Consolidated Appropriations Act of 2016 contained in Section 502 are designed to speed up the transition from traditional X-ray imaging to DR.

9) GE Healthcare relocates from UK to Chicago

After over a decade operating out of the U.K., GE Healthcare announced in January its plans to relocate to Chicago, bringing it closer to its Wisconsin-based imaging company.

The announcement came just a couple of days prior to the news that parent conglomerate, General Electric, will be relocating from Fairfield, Connecticut to Boston, Massachusetts.

8) LA hospital hackers get $17,000 in ransomware heist

A cyberattack at Hollywood Presbyterian Medical Center in February resulted in hackers receiving $17,000 in the form of 40 bitcoin, in order to resolve the issue.

The incident highlighted the rising threat – and potential effectiveness – of ransomware attacks, in which a facility is forced to pay a ransom in order to reclaim the security of its compromised patient data.

7) Google issues medical drone patent

Thanks to a patent awarded to Google in March, the tech giant may have a leg up on the competition when it comes to flying lifesaving medical equipment into remote locations on demand.

The patent describes a dispatch system, like an emergency intercom, that can call for a drone to fly in with an urgent delivery.

The device would allow users to press a button indicating the specific medical emergency or request, (cardiac arrest, neck injury, anaphylactic shock, arm splint, inhaler, etc.) and the system would deploy a drone to meet their needs at the scene. In the case of a heart attack, for instance, the system could theoretically deploy a defibrillator.
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