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National Employer Groups to Hospitals and ASCs: Participate in the 2021 Leapfrog Surveys

Today, every hospital and ASC across the country received a letter signed by four influential national employer groups—the Health Transformation Alliance, ERISA Industry Committee, National Alliance of Health Care Purchaser Coalitions, and the Business Group on Health—requesting their participation in the annual Leapfrog Hospital Survey and Leapfrog Ambulatory Surgery Center (ASC) Survey.

Adapters to Test Light Cord Integrity

Healthmark Industries has introduced the Light Cord Adapters to its ProSys Instrument Care product line.

RSIP Vision Launches Advanced AI-Based Tool for Prostate MRI and Ultrasound Registration

RSIP Vision, an experienced leader in driving innovation for medical imaging through advanced AI and computer vision solutions, has announced a new prostate MRI-to-ultrasound registration tool.

USMI Developing the First Surgical Robot for Cancer Surgery

US Medical Innovations LLC (USMI) announced that it is developing the first robotic delivery system used for cancer surgery.

Hologic to Acquire Focal Therapeutics

Hologic Inc. has signed a definitive agreement to acquire Focal Therapeutics, a privately-held company, for $125 million in cash. In conjunction with Hologic’s recent acquisition of Faxitron Bioptics, Focal strengthens the company’s position in the rapidly growing market for breast conserving surgery.

The transaction adds Focal’s innovative BioZorb marker to the company’s breast health product portfolio. BioZorb is an implantable three-dimensional marker that helps clinicians overcome challenges in breast conserving surgery, or lumpectomy. The marker, placed by the surgeon, is used to mark the tumor excision site for monitoring and future treatments, and its unique open design allows for tissue in-growth during the healing process.

“Focal Therapeutics has commercialized an innovative marker that improves the standard of care for breast cancer patients by creating a permanent, three-dimensional indicator of the surgical site,” said Pete Valenti, Hologic’s Division President, Breast and Skeletal Health Solutions. “Coupled with our recent acquisition of Faxitron, BioZorb further expands our ability to help women diagnosed with breast cancer from screening through surgery.”

“Acquiring Focal Therapeutics strengthens our position in an attractive, adjacent breast health market, and is consistent with our capital deployment goals,” said Steve MacMillan, Hologic’s chairman, president and chief executive officer. “The transaction is accretive to our revenue growth rate and gross margin, broadens our recurring revenue base, and provides attractive return on invested capital.”

Focal generated approximately $16 million of revenue in the last 12 months. The acquisition, which is expected to close in early October, is estimated to be neutral to Hologic’s non-GAAP earnings per share in fiscal 2019, and accretive thereafter.

“We are very excited to become part of Hologic,” said Dr. Gail Lebovic, Focal’s co-founder and chief medical officer. “Hologic’s long-standing commitment to early cancer detection is key for success in breast conserving surgery. Hologic is the perfect fit for our company.”

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