Medical Care
Arlington Capital Buys TEAM Technologies for Healthcare Portfolio
2024-11-26
Arlington Capital has made a significant move in the healthcare sector by acquiring TEAM Technologies. This acquisition is set to strengthen their healthcare portfolio and enhance supply chain capabilities. Let's delve deeper into the details.

Arlington Capital's Strategic Healthcare Acquisition

Acquisition Details

Private equity firm Arlington Capital has recently sealed a deal to acquire US-based medical device manufacturer TEAM Technologies from Clearlake Capital. TEAM Tech specializes in manufacturing and supply chain solutions, offering end-to-end outsourced design and manufacturing services to medical device and pharmaceutical OEMs. It has been focusing on advanced medical devices crucial for healthcare systems.Arlington Capital managing partner Matt Altman emphasized that TEAM Tech is dedicated to providing holistic solutions for healthcare OEMs' design and manufacturing needs while strengthening supply chains to ensure the timely delivery of critical goods.Arlington principal Gordon Auduong expressed excitement about working with TEAM Tech's management team and building on its foundation through organic investment and strategic acquisitions.TEAM Tech CEO Marshall White, with 25 years of experience, believes Arlington is the ideal partner to accelerate the company's growth and take it to the next level.

Arlington's Fund and Previous Investments

Arlington is currently investing from its $3.8bn VI Fund and has made investments in over 175 companies across healthcare, aerospace, and business service sectors since 1999. Recent healthcare investments include Afton Scientific, Riverpoint Medical, and Grand River Aseptic Manufacturing.

Other Healthcare PE Deals This Month

In addition to the TEAM Technologies acquisition, other healthcare PE deals have been making waves. Charme Capital Partners acquired Germany-headquartered biotech Centogene for around $9m, and Nexxus Iberia's PE Fund II secured a majority stake in Spanish diagnostic imaging company Vivo Diagnostico.Arlington enlisted Harris Williams as financial advisor and Goodwin Procter LLP as the legal adviser during the buy-up process of TEAM Tech.Access the most comprehensive Company Profiles on the market powered by GlobalData. Save hours of research and gain a competitive edge. You can view profiles in store and request a free sample by submitting the form. We are confident in the unique quality of our Company Profiles and want you to make the best decision for your business.Sign up for our daily news round-up to give your business an edge with our leading industry insights.
GE HealthCare Launches Pristina Via Mammography System
2024-11-26
GE HealthCare has made a significant stride in the field of mammography with the unveiling of Pristina Via. This innovative mammography system is designed to enhance the screening experience for both technologists and patients. It offers a suite of tools that strike a balance between diagnostic accuracy and fast-moving workflows, enabling more patient-centered breast care.

Revolutionize Mammography with Pristina Via

Enhancing the Screening Experience

Pristina Via gives mammography technologists a powerful set of tools. It allows them to operate at their own pace without waiting between exposures, reducing stress and increasing efficiency. Vendor-neutral prior image comparison also saves time in analyzing previous exams, making final assessments more accurate. This focus on efficiency enables technologists to provide quality and individualized care during the screening process.The system is part of the Senographe Pristina platform, bringing features that help reduce repetitive tasks and simplify workflows. By minimizing laborious tasks, technologists are gifted with more time to prioritize what matters most: compassionate, patient-centered care.

Collaborative Innovation in Imaging

Earlier this month, GE HealthCare collaborated with DeepHealth, a subsidiary of RadNet. Together, they codeveloped SmartTechnology, which employs AI to address key obstacles across the imaging value chain. This includes increasing the efficiency of imaging interpretation and reporting, facilitating collaboration across care teams, improving the clinical interpretation of images, and strengthening operational efficiency and productivity.In October, GE HealthCare unveiled CareIntellect for Oncology. This cloud application combines multimodal patient data from different systems into a single view with the help of generative AI. It gives clinicians access to notes and reports, enhancing their ability to provide comprehensive care.In July, GE HealthCare formed a strategic partnership with Amazon Web Services (AWS). They will use AWS healthcare and genAI services to create AI-enabled workflows that improve the accuracy of diagnostic screening, streamline healthcare operations, and improve equitable care access and outcomes. GE will use Amazon Bedrock's foundation models to create its own proprietary genAI applications and modernize its applications built on Amazon SageMaker. The company's developers will also use Amazon Q, an AI-powered assistant, to generate code suggestions and assist in software development.

Competitive Landscape in Mammography

In September, Siemens Healthineers, GE HealthCare's competitor in the mammography space, received premarket approval from the FDA for the tomosynthesis or three-dimensional breast imaging technology of the Mammomat B.brilliant. This approval included new 3D image acquisition and image reconstruction technology, adding to the system's already-cleared features for full-field digital mammography, breast biopsy, and titanium contrast-enhanced mammography. This shows the intense competition in the mammography market and GE HealthCare's continuous efforts to stay at the forefront.
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KY Council Announces New Healthcare Scholarships for SE Kentucky Students
2024-11-26
Students in southeast Kentucky, especially those pursuing healthcare degrees, find themselves with additional reasons to be grateful during this holiday season. The Kentucky Council on Postsecondary Education has recently made a significant announcement, bringing a total of $91,000 in new scholarships to Southeast Kentucky Community and Technical College. As per the news release, a substantial portion of $70,000 is dedicated to nursing students, while the remaining amount is set aside for those aiming to become physical therapist assistants. This collaborative effort with Appalachian Regional Healthcare is a step towards addressing the local and regional workforce needs.

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Nursing Scholarships - A Lifeline for Future Nurses

The $70,000 allocated for nursing students is a game-changer. These scholarships provide financial assistance to aspiring nurses, helping them pursue their dreams without the burden of excessive student loans. Nursing is a noble profession that plays a vital role in healthcare, and these scholarships ensure that the next generation of nurses has the opportunity to shine. With the support of these scholarships, students can focus on their studies and gain the necessary skills and knowledge to make a difference in the lives of patients. It is an investment in the future of healthcare in southeast Kentucky.Moreover, nursing scholarships not only benefit the individual students but also the community. Well-trained nurses are essential for providing quality healthcare services, and these scholarships help to build a strong nursing workforce in the region. They contribute to the overall well-being of the community by ensuring that there are enough qualified nurses to meet the healthcare needs of the population.

Physical Therapist Assistant Scholarships - Shaping a Specialized Field

The scholarships for physical therapist assistant students are equally important. Physical therapy plays a crucial role in the rehabilitation and recovery process for patients with various injuries and conditions. By providing financial support to these students, the Kentucky Council on Postsecondary Education is helping to shape a specialized field and meet the growing demand for physical therapist assistants.These scholarships open up opportunities for students to enter a rewarding career path. Physical therapist assistants work closely with patients under the supervision of physical therapists, helping them regain mobility and function. With the help of these scholarships, students can gain the necessary education and training to excel in this field and make a positive impact on the lives of patients.In conclusion, the $91,000 in new scholarships announced by the Kentucky Council on Postsecondary Education is a significant boost for healthcare students in southeast Kentucky. Whether for nursing or physical therapist assistant studies, these scholarships provide much-needed financial support and open up doors to promising careers. It is a testament to the importance of investing in healthcare education and the future of the community.
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