Inspire Medical raises $17M in VC

The News Review:

- Inspire Medical raises $17M in VC
- Bain FountainVest bid for Citi’s China medical co
- Large Study Questions Value f Stents
- Medical bills prompt more than 60 percent of bankruptcies
- Singer-songwriter Kenny Rankin dies of lung cancer
- Hundreds picket Bayonne Medical Center as staff is locked in …

Inspire Medical raises $17M in VC
Bizjournals.com
a med-tech startup developing a device to treat sleep apnea has raised $17 million in venture capital the company announced Monday. Synergy Life Science Partners a venture-capital firm in Portola Valley Calif. led the round of financing. Previous investors including Kleiner Perkins Caufield & Byers US Venture Partners and.

Bain FountainVest bid for Citi’s China medical co
Reuters
Bain and FountainVest were among eight first-round biddersfor a major stake in Landwind. thers included several domesticfunds which had also submitted formal bids said sources withdirect knowledge of the deal. Landwind has a nationwide network in China of more than 20sales offices with a focus on medical diagnostic imaging deviceswhich are supported by more than 50 distributors and 200resellers according to CVCI’s website (www. The sources said buyers were expected to pay a premium overthe Citi deal but they declined to give a specific estimate ofthe deal size since the deal structure was not yet fixed. Bain FountainVest Citigroup and Landwind all declined tocomment.

Large Study Questions Value f Stents
Wall Street Journal
The study formally released at the American Diabetes Association conference and simultaneously published in the New England Journal of Medicine will surely be hotly debated among leading stent makers such as Johnson & Johnson (JNJ) and Abbot Laboratories Ltd. (ABT) and the broader medical community. The results essentially replicate the findings.

Medical bills prompt more than 60 percent of bankruptcies
HealthCentral.com
And three-quarters of the bankruptcies were incurred by people who had health insurance researchers noted. n average medically bankrupt families had $17943 in out-of-pocket expenses while the uninsured typically owed $26971. Some experts say the study may even be underestimating the burden that medical bills put on American families since many people struggle along without declaring bankruptcy.

Singer-songwriter Kenny Rankin dies of lung cancer
The Associated Press
Mack Avenue Records spokesman Don Lucoff says Rankin died Sunday at Cedars-Sinai Medical Center. The cause of death was lung cancer. In a career spanning 50 years Rankin worked with such artists as Bob Dylan wrote songs for Peggy Lee and Mel Torme and released his own acclaimed recordings including “The Kenny Rankin Album” in 1976. Lucoff said Monday that funeral arrangements are pending. Copyright © 2009 The Associated Press.
Related from Lloydgreenmusic: Duane Jarvis dies at 51; LA roots music singer-songwriter and …

Hundreds picket Bayonne Medical Center as staff is locked in …
The Jersey Journal – NJ.com
open(urlwinnameoptions) newwin. Hundred of nurses and other hospital workers wearing red are picketing Bayonne Medical Center where union representatives say some members of the overnight staff has been locked in and the 7 a.

Written by admin on June 9th, 2009 with no comments.
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