Here are four updates from gastroenterology companies from the past week:
GI & Endoscopy
Exact Sciences posted revenues of $199.9 million in the second quarter of 2019 and announced a $2.8 billion deal to acquire Genomic Health.
Exact Sciences posted second-quarter 2019 revenues of $199.9 million, a 94 percent year-over-year increase.
While Jamison, Pa.-based Physicians Endoscopy laid dormant for the first half of 2019, a June partnership kicked off the beginning of what could shape up to be a busy year for the gastroenterology-only ASC management company.
U.S. News & World Report released its 2019 Best Hospital rankings July 30.
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Becker's ASC Review reported on news including the following gastroenterologists last week:
Nine healthcare facilities that have added or expanded gastroenterology services in 2019:
Molly C. Dienhart, MD, is co-director of the intestinal support service at Columbus, Ohio-based Nationwide Children's Hospital.
Bausch Health, formerly known as Valeant Pharmaceuticals, reduced its debt further, paying down an additional $100 million in senior secured term loans through cash flow.
Exact Sciences will acquire diagnostic testing company Genomic Health in a $72 per share, $2.8 billion dollar deal, creating a globally focused cancer diagnostics company in the process.