Easing access to coronavirus tests is part of President Joe Biden's pandemic response plan.
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Easing access to coronavirus tests is part of President Joe Biden's pandemic response plan.
ECRI on Monday released a report rating the ease of use of seven at-home rapid antigen COVID-19 tests.
Medtronic plans to acquire Affera, a private medical technology company, for $925 million in a move to expand its portfolio of advanced ablation products as physicians see more patients with cardiac arrhythmias.
The acquisition will likely close during the first half of Medtronic's fiscal year 2023, according to a company presentation shared at J.P. Morgan's annual healthcare conference on Monday.
The deal fits into the company's ongoing move to accelerate revenue growth through tuck-in mergers and acquisitions, said Geoff Martha, Medtronic chairman and CEO, at the conference.
"With Affera, we'll be entering advanced cardiac mapping and navigation for the first time," Martha said. "Enhancing our ability to compete head-on in this important high-growth market."
In recent years Medtronic has made a number of acquisitions in the artificial intelligence space as a way to add emerging technologies and data analytics to its medical devices. The company is already a strategic investor in Affera and holds a 3% ownership stake.
Affera's technologies include a rapid cardiac mapping and navigation platform used to diagnose arrhythmias and a cardiac ablation catheter used to deliver cardiac ablation therapy.
Worldwide, atrial fibrillation affects almost 60 million people, and contributes to an $8 billion market of ablation products used to treat the progressive disease and prevent heart failure, stroke and death.
The items designed and manufactured by Affera will add to Medtronic's existing atrial and ventricular arrhythmia disease management portfolio and aid the company in providing safe and effective cardiac ablation solutions.
"Affera offers technologies that support physician customers as they work to improve clinical workflows, procedural efficiencies, and ultimately optimize patient care," said Stacy Beske, vice president of strategy at Medtronic's Cardiac Ablation Solutions business, in a news release.
Currently, not all of Affera's products are approved or on the market. In December 2021, the company said it was partaking in a U.S. Food and Drug Administration investigational device exemption trial to evaluate the safety and effectiveness of its system for persistent atrial fibrillation treatment.
In 2021, Medtronic changed its operating model by selecting leaders to manage units focused on more specific medical specialties and diseases, and setting performance incentives and compensation that aligned with market share growth.
In the year's third quarter, 14 of Medtronic's 20 operating units had held or grown their market share year-over-year, compared to only nine in 2020's third quarter, according to the company's J.P. Morgan presentation.
Hospitals around the U.S. are increasingly taking the extraordinary step of allowing nurses and other workers infected with the coronavirus to stay on the job if they have mild symptoms or none at all.
Medicare regulators will issue a preliminary decision by Wednesday on whether to approve coverage of Aduhelm.
A major healthcare provider in Arizona will allow employees who are experiencing mild COVID-19 symptoms or are asymptomatic to keep working at its hospitals and facilities.
Because of the omicron variant’s rapid spread in Maricopa County and in anticipation of a continued increase, Dignity Health officials said they have enacted the “third tier” of the federal guidelines for health care workers with the coronavirus.
“These guidelines allow COVID-19 positive healthcare personnel who are asymptomatic or improving with mild symptoms to work without a quarantine period,” Dignity Health officials said in a statement. “We are doing everything we can to ensure our employees can safely return to work while protecting our patients and staff from the transmissibility of COVID-19.”
A memo sent to Dignity Health staff members said those who are infected with coronavirus and feel well enough to work may request clearance to work from their manager.
However, those employees would need to wear an N-95 mask for 10 days after they tested positive.
The omicron variant spreads even more easily than other coronavirus strains, and has already become dominant in many countries. It also more easily infects those who have been vaccinated or had previously been infected by prior versions of the virus.
Though early studies show omicron is less likely to cause severe illness and hospitalization than the previous delta variant, hospitals statewide remain crowded.
Health officials in Arizona on Sunday reported 69 more deaths from COVID-19 as the omicron variant continued to spread.
The state also reported 15,850 additional confirmed infections.
That followed Saturday’s total of 88 deaths and 16,504 cases, the most Arizona cases reported in one day in a year.
The state has tallied less than 1.5 million cases and under 25,000 deaths during the pandemic.
According to Johns Hopkins University data, Arizona’s seven-day rolling average of daily new cases tripled over the past two weeks from 2,945.6 on Dec. 23 to 9,091.6 on Thursday.
The state’s rolling average of daily deaths dropped from 60.9 to 55.3 during the same period.
The current explosion of omicron-fueled coronavirus infections in the U.S. is causing a breakdown in basic functions and services — the latest illustration of how COVID-19 keeps upending life more than two years into the pandemic.