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☆ Hard work paying off despite challenges from U.S. weather-related events: Fresenius Medical Care CEO
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHard work paying off despite challenges from U.S. weather-related events: Fresenius Medical Care CEOHelen Giza, the CEO of Fresenius Medical Care, discusses the German healthcare firm's third-quarter earnings.

Persons: Helen Giza Organizations: Medical, Fresenius

☆ Siemens Healthineers expects to return to growth territory in China in fourth quarter, CFO says
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSiemens Healthineers expects to return to growth territory in China in fourth quarter, CFO saysJochen Schmitz, CFO of Siemens Healthineers, discusses the German healthcare firm's latest round of earnings.

Persons: Jochen Schmitz Organizations: Siemens, Siemens Healthineers Locations: China

☆ Avoid the 'Magnificent 7' and buy these lesser-known stocks instead, wealth manager says
▼ + stars: | 2024-07-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The so-called "Magnificent Seven" were among the hottest stocks last year, but one wealth manager says they are "wildly overvalued" and has his sights elsewhere. The Magnificent Seven comprises Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla , which continue to be in the spotlight thanks to the buzz around artificial intelligence. Other global stocks Global stocks Dennison is betting on include Fresenius Medical Care , a German health-care company, and Kazatomprom, a Kazakhstan-headquartered producer of uranium. "It is a top position in many pension portfolios and has become a value stock because of the strong Swiss Franc," he said. Value stocks are often cheaper than so-called growth stocks and typically trade at a lower price than what the company's performance indicates.

Persons: Tariq Dennison, Dennison, he's, Russell, Chow, Fook, Tencent, Goldman Sachs, Kazatomprom Organizations: GFM Asset Management, CNBC Pro, Apple, Microsoft, Nvidia, Tesla, Nasdaq, Value, Avantis U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, KB, Jackson Financial, Warrior, MTR Corp, Global, Dennison, Fresenius, London Stock Exchanges, U.S, Nestle, Six Swiss Exchange Locations: U.S, China, Hong Kong, Kazakhstan, Swiss

☆ ‘A new life’: Ukrainian war amputees travel to Germany for custom-made limbs
▼ + stars: | 2024-06-03 | by ( Nadine Schmidt | Frederik Pleitgen | ) edition.cnn.com time to read: +12 min

Berlin CNN —Pavlo Kushnirov was among Ukrainian soldiers fighting in the eastern city of Bakhmut with114th territorial defence brigade on a sunny day last winter when Russian shelling changed his life forever. German officials estimate there are between 30,000 and 50,000 Ukrainian amputees as a result of the conflict. Now a German non-governmental organization is working to bring wounded Ukrainian soldiers to Berlin so they can be fitted with custom-made artificial limbs and given treatment that will allow them to lead as normal a life as possible. Kushnirov and Sayko-Kazakov are among the first of 60 severely wounded Ukrainian soldiers who will receive treatment in Germany, thanks to the Berlin-based NGO “Life Bridge Ukraine.” They hope to start what they see as a new life soon. Battlefield conditions in Ukraine mean limbs must often be amputated quickly to save soldiers’ lives.

Persons: Berlin CNN — Pavlo Kushnirov, Vitaliy, “, ”, ” Vitaliy, Pavlo Kushnirov, Marko Gänsl, Seeger, Gänsl, Kushnirov, ” Gänsl, ’, Pavlo Kushnirov Gänsl, Omelchenko, ” Keen, Valerii, Janine von Wolfersdorff, Von Wolfersdorff, ” Von Wolfersdorff, Vitali Klitschko, Kai Wegner, Chris Stern, Volodymyr Havrylov, Havrylov, ” ‘, Kazakov, ” Kushnirov, Heiko Laschitzki Sayko Organizations: Berlin CNN, CNN, Ukrainian, Russian, ”, Kyiv’s, Berlin’s, CNN CNN, Kushnirov, Ukraine Locations: Ukrainian, Bakhmut, Berlin, Chervonopopivka, Luhansk, Donetsk, Lviv, Ukraine, Germany, Russian, Kyiv, “

☆ Germany should legalize abortion up to 12 weeks, a government commission recommends
▼ + stars: | 2024-04-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +4 min

Berlin CNN —Germany should overturn its 150-year old ban on abortions and make terminations legal within the first 12 weeks of pregnancy, a government-appointed panel of experts said on Monday. The procedure is de-criminalized up to 12 weeks of pregnancy, but anyone seeking a termination must attend a compulsory counselling session followed by a mandatory three-day waiting period. After 12 weeks, abortions are only allowed in exceptional circumstances, such as if the pregnancy or birth poses a risk to the mother’s physical or mental health. “(The commission’s) recommendations provide a good basis for the open and fact-based conversation that is now necessary,” German Minister for Family Affairs Lisa Paus said in a statement on Monday. The proposals from Prime Minister Donald Tusk’s party would legalize abortion up to 12 weeks, a move more in line with some Western European countries.

Persons: Liane Woerner, “, Lisa Paus, Karl Lauterbach, ”, Donald Tusk’s, Andrzej Duda, Roe, Wade Organizations: Berlin CNN —, Reproductive, Social Democratic Party, SPD, Greens, Free Democrats, University of Constance, German Federal Statistical Office, Christian Democratic Union, Central Committee, Bishops ’ Conference, Family, German, Law, Justice Locations: Berlin CNN — Germany, Germany, France

☆ Google partners with Bayer on new AI product for radiologists
▼ + stars: | 2024-04-09 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

"That whole process flow is designed to help radiologists get through their task with assistance more quickly," Kurian said in an interview. Google Cloud and Bayer are not the only companies exploring AI applications for medical imaging. Google Cloud has been working with Bayer on the radiology platform for around five years. The foundation was built using existing Google Cloud solutions like Vertex AI, Healthcare API and BigQuery, and Kurian said the platform's data is encrypted. Google Cloud and Bayer are exploring a number of different pricing models for the platform, he said.

Persons: Thomas Kurian, radiologists, Kurian, Keith Kirkpatrick, there's, Kirkpatrick, Bayer, Guido Mathews, Mathews Organizations: Google, Bayer, Tuesday, CNBC, Radiological Society of North, American College of Radiology's, Google Cloud, Philips, Amazon Web Services, GE HealthCare Locations: U.S, Radiological Society of North America, Netherlands

☆ Fresenius to assess whether state aid impacts bonus, dividend payouts
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

Companies Fresenius SE & Co KGaA FollowFRANKFURT, Sept 30 (Reuters) - German healthcare group Fresenius (FREG.DE) said it was examining whether the state aid it received to help offset high energy costs at its hospitals business would bar it from making management bonus and dividend payments. When asked whether the company would legally challenge any ban on payouts, he said that would have to be analysed. The company paid an unchanged annual dividend of 0.92 euros a share this year, or 518 million euros in total. The spokesperson said the assessment would inform a decision on whether state aid will be accepted during the second half. The Helios unit posted earnings before interest and tax of 622 million euros in the first half against 609 million a year earlier.

Persons: Michael Sen, Sen, Helios, Ludwig Burger, Jan Harvey Organizations: Frankfurter Allgemeine, Reuters, Helios, Thomson Locations: FRANKFURT

☆ WHO rushes supplies to Ukraine, readies to tackle disease in flood areas
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

[1/3] Director-General of the World Health Organisation (WHO) Dr. Tedros Adhanom Ghebreyesus gives a statement with German Health Minister Karl Lauterbach (not pictured) in Geneva, Switzerland, February 2, 2023. REUTERS/Denis BalibouseGENEVA, June 8 (Reuters) - The World Health Organization has rushed emergency supplies to flood-hit parts of Ukraine and are preparing to respond to an array of health risks including trauma, drowning and waterborne diseases like cholera, officials said on Thursday. "The WHO has rushed in to support the authorities and health care workers in preventive measures against waterborne diseases and to improve disease surveillance." The huge Kakhovka Dam on the Dnipro River separates Russian and Ukrainian forces and people have been affected on both sides of its banks. He said Russian authorities had given them assurances that people living in areas it occupies were being "well monitored, well cared for, well fed (and) well supported".

Persons: Tedros, Karl Lauterbach, Denis Balibouse GENEVA, Tedros Adhanom Ghebreyesus, Teresa Zakaria, Mike Ryan, Emma Farge, Leroy Leo, William Maclean Organizations: World Health Organisation, WHO, German Health, REUTERS, World Health Organization, WHO's, Thomson Locations: Geneva, Switzerland, Ukraine, Russia, Dnipro, Russian, Ukrainian

☆ Check out the 8-slide pitch deck German health tech startup Patient21 used to raise $108 million in a mix of equity and debt
▼ + stars: | 2023-05-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup offers both in-person clinical services and software for healthcare providers. We got an exclusive look at the 8-slide deck it used to raise the fresh funds. A startup that combines brick-and-mortar clinical services with software for healthcare providers just raised $108 million in fresh funds despite a drop off in global healthtech funding. While the average dental clinic in Germany operates four to six different software solutions to manage a whole patient journey, Patient21 aims to stand out by consolidating these services into one. With the fresh funds, Patient21 will hone the development of its software platform, and expand from Germany into newer European markets.

☆ Fresenius Medical's operating profit drops less than feared as labour shortages ease
▼ + stars: | 2023-05-09 | by ( Ludwig Burger | ) www.reuters.com time to read: +2 min

FRANKFURT, May 9 (Reuters) - Fresenius Medical Care (FMEG.DE) said on Tuesday labour shortages were slowly easing as the German dialysis specialist reported a drop in its first-quarter adjusted operating income, although not as steep as feared by some analysts. The company said in a statement on Tuesday its adjusted operating income dropped to 354 million euros ($390 million), compared with the median analysts' estimate of 335 million in a consensus posted on the company's website. The dialysis group's parent Fresenius SE (FREG.DE) has said this year it would cede control over the struggling dialysis firm, but keep its stake for now as part of a turnaround plan. Fresenius Medical, which was hit hard by a high rate of COVID-19 deaths among its patients, said this burden was easing, though excess mortality for now continued to weigh on growth. Its parent company, German healthcare group Fresenius (FREG.DE), said on Tuesday its first-quarter operating earnings slipped a currency-adjusted 10%.

☆ Check out these 12 digital-health startups that could be acquisition targets in 2023 as founders seek IPO alternatives, according to Dealroom data
▼ + stars: | 2023-04-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Insider has identified 12 digital-health startups that are M&A targets in 2023 with Dealroom data. Dealmaking remains strong among healthtech startups in the region, which recorded $13.27 billion in M&A exits in 2022 across 546 deals, according to PitchBook data. Insider has used data from Dealroom to analyze potential M&A targets in the digital-health sector. The criteria used on Dealroom's platform are not exhaustive but are a data-centric approach to looking at some potential targets. Here is a list of the 12 digital-health startups that could be scooped up as investors flock to the M&A market.

☆ 'A hidden gem': Barclays names 3 stocks to buy in an overlooked area of health care
▼ + stars: | 2023-04-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

There's a global investing opportunity in a corner of health care that is both "significant and underappreciated," according to Barclays. For Nestle, that shift is also a catalyst for more growth in China as the market expands, the bank said. "We view it as a 'hidden jewel' where we expect increased investment from the new management team," Barclays said. German health care company Fresenius is also a "clear beneficiary" of the shift toward enteral nutrition, as it's set to leverage its leadership position in China in that area, the bank said. It also has a strong position in enteral in the region, positioning it to benefit from the high potential for growth."

☆ This startup has developed an operating system for GPs that cuts down on admin. Check out the 13-slide pitch deck Doctorly used to raise $10 million.
▼ + stars: | 2023-03-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

German health tech startup Doctorly has raised $10 million in Series A funding. The startup, founded in 2018, offers practice management software for healthcare providers. A German health tech startup that has developed an operating system for medical practices has raised $10 million in fresh funds. The startup wants to "re-digitize" practices and make it easier for them to adapt to external innovations in health tech. Doctorly is one of the very few regulated health tech startups in Germany and it believes its technology can help cut the time spent by practitioners on administration in half.

☆ Germany's Fresenius to simplify structure, flags potential profit fall
▼ + stars: | 2023-02-21 | by ( Ludwig Burger | ) www.reuters.com time to read: +3 min

[1/2] Samples of products of Fresenius and Fresenius Medical Care are on display during the company's annual news conference at their head quarters in Bad Homburg Germany, February 20, 2019. "The new structure will greatly benefit both companies: Fresenius Medical Care needs an operational turnaround, to improve its performance and focus on its core business." "Fresenius needs to simplify its complex corporate structures and commit to its Operating Companies and to maximizing value from its investments," Sen said. FMC is expected to hold an extraordinary general meeting in July to let shareholders vote on the proposed change of the legal form, Fresenius said. Frankfurt-listed shares of Fresenius and FMC were up 1% and 2.2%, respectively.

☆ Fresenius in talks about deconsolidation of FMC - WirtschaftsWoche
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Feb 9 (Reuters) - The chief executive of German health care group Fresenius (FREG.DE) is preparing a deconsolidation of Fresenius and its struggling subsidiary Fresenius Medical Care (FMC) (FMEG.DE), business magazine WirtschaftsWoche reported on Thursday, citing sources close to the supervisory board. Chief Executive Michael Sen's goal is for Fresenius to relinquish control over FMC and no longer have to fully consolidate the dialysis company, WirtschaftsWoche added. Shares in Fresenius rose 5% to a five-month high soon after the report was published while FMC shares slipped 2% initially. Sen is negotiating the plan with the major shareholder Else-Kroener-Fresenius-Stiftung, which controls Fresenius, WirtschaftsWoche reported. U.S.-focused kidney dialysis specialist FMC's chief executive stepped down in December, marking the second leadership change in as many months.

☆ Germany's Fresenius may give up control of FMC dialysis business
▼ + stars: | 2023-02-09 | by ( Ludwig Burger | ) www.reuters.com time to read: +2 min

FRANKFURT, Feb 9 (Reuters) - German healthcare group Fresenius SE (FREG.DE) said on Thursday it was potentially ready to cede control over Fresenius Medical Care (FMC) (FMEG.DE), after a fall in earnings at the world's largest dialysis company. Shares in FMC were down 3.4% at 1538 GMT, while Fresenius stock surged 4.3% after it said it was considering de-consolidating the subsidiary, meaning its sales would no longer be fully integrated into its financial reports. FMC, which has been hit hard by U.S. staff shortages and cost inflation this year, slashed its annual outlook twice last year, also pulling down Fresenius' forecasts. The Else Kroener-Fresenius-Stiftung, a charitable trust that controls Fresenius SE, "has taken note with approval of" the plans to deconsolidate FMC and to change its legal form. FMC Chief Executive Carla Kriwet, who was hired by Sen's predecessor, stepped down in December after just two months in the job, citing "strategic differences".

☆ German health minister voices concern over new COVID variant
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 5 (Reuters) - Germany's health minister has expressed concern over a new COVID-19 subvariant linked to growing hospitalisations in the northeastern United States, adding that Berlin was watching the situation closely. As much of the world looks to rising COVID cases in China, infectious disease experts have also been increasingly worried about the highly contagious Omicron XBB.1.5, which made up more than 40% of U.S. cases, official data showed last week. "Hopefully we get through the winter before such a variant can spread among us," the minister, Karl Lauterbach, wrote on Twitter late on Wednesday. "We are monitoring whether, and to what extent, XBB.1.5 occurs in Germany." Writing by Rachel More; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ 'Global contenders': BofA names stocks with earnings momentum that look cheap
▼ + stars: | 2022-12-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Looking ahead, however, BofA expects "defender" stocks with falling earnings momentum to underperform the MSCI AC World Index. Stocks that are 'global contenders' Against this backdrop, BofA identified stocks that are "inexpensive" but have strong earnings momentum and price momentum. "Our back-testing and subsequent performance show that stocks with above-average earnings momentum tended to outperform, stocks with above-average price momentum tended to outperform, but stocks with both the characteristics tended to perform even better," it wrote. These stocks have outperformed the MSCI AC World Index by 6.9% year-to-date, the bank said. The bank's "global contenders" screen contains 30 stocks including: U.S.: Gaming company Electronic Arts , energy tech firm Enphase Energy , health care company Jazz Pharma , and beauty firm Ulta Beauty .

☆ Europe's heatwave may have caused more than 20,000 'excess' deaths
▼ + stars: | 2022-11-24 | by ( Juliette Portala | ) www.reuters.com time to read: +2 min

Summary Higher-than-expected excess deaths from Europe's heatwaveMany deaths due to high temperature may be under-reportedHeatwaves to become more frequent and intense in futureNov 24 (Reuters) - Summer heatwaves in France, Germany, Spain and Britain led to more than 20,000 "excess" deaths, a report compiling official figures said on Thursday. A heatwave in 2003 caused more than 70,000 excess deaths across Europe, largely in France, and led many countries to implement measures such as early warning systems, asking people to check on others and opening air-conditioned schools. France reported about half of the summer's excess deaths in Western Europe, with 10,420 fatalities in total. Excess deaths reached 3,271 in England and Wales during the summer, Britain's Office of National Statistics reported. Spain recorded 4,655 heat-attributable deaths between June and August while the German health agency reported 4,500.

☆ Fact Check-Germany has not halted administration of all COVID-19 vaccines
▼ + stars: | 2022-09-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

Germany has dismissed resurfaced claims on social media that it has halted administration of all COVID-19 vaccines. A spokesperson for the German Federal Ministry of Health (Bundesministerium für Gesundheit) confirmed to Reuters that no such ban has been made. “I can confirm that Germany has not banned or paused the COVID-19 vaccinations in Germany,” a spokesperson for the German Federal Ministry of Health told Reuters. The list of authorized COVID-19 vaccines per the German Federal Institute for Vaccines and Biomedicines can be found (here). Germany has not halted administration of COVID-19 vaccines.

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