Healthcare Headlines

Siemens' Healthineers in pre-IPO cost-cutting drive

Healthineers, Siemens' medical imaging and diagnostics division, will launch a cost-cutting drive to address modest earnings growth this year as it prepares for a separate listing expected to value it at around 40 billion euros ($49 billion).

Medtronic unveils restructuring plan

Medtronic Plc on Monday unveiled a restructuring plan that it expects will help it save $500 million to $700 million annually over the next five years.

Brigade Capital hedge fund criticizes Humana-Kindred deal

Hedge fund Brigade Capital Management, a top shareholder in Kindred Healthcare Inc , said on Wednesday the deal by U.S. health insurer Humana Inc and two private equity firms to buy Kindred was "disappointing and grossly inadequate."