Health

Schein shines but exchange rates hurt

Multiple acquisitions and healthier international markets helped Henry Schein post a record second quarter, according to an earnings report released Wednesday. Although the strength of the U.S. dollar against various foreign currencies once again shortchanged overall sales, the Melville-based provider of medical, dental and animal-health products and services recorded its second consecutive quarterly sales record. For the quarter ended June 27, Henry Schein reported $2.6 billion in net sales – a 0.5 percent increase over…


SBU researchers win health grants

Three Stony Brook Medicine researchers have received financial backing from the SUNY Health Network of Excellence. The network, part of the SUNY Research Foundation, has granted a total of $450,000 to SBU-led programs targeting GI cancers, Lyme disease and pediatric health issues. Each project has received a one-year grant award of $150,000 from the health network, effective this month. As one of six SUNY Networks of Excellence, the health network unites scientists, scholars and corporate…


Hofstra gets state OKs on nursing programs

The New York State Department of Education has approved license-qualifying nurse practitioner programs to be offered by the new Hofstra North Shore-LIJ School of Graduate Nursing and Physician Assistant Studies. Beginning in September with an inaugural class of 30 students, the school will offer a three-year, part-time program leading to a master of science degree in Adult-Gerontology Acute Care and Family Nursing, with the goal of meeting the burgeoning need for nurse practitioners and physician…


They’ve come a long way, baby

No doubt about it: Stony Brook Medicine delivers. In fact, Stony Brook University Hospital is closing in on a monumental childbirth milestone: the 100,000th baby delivered since the hospital unwrapped its first bundle of joy way back in May 1980. With fewer than 400 deliveries to go, the benchmark birth – or births, should the magic moment involve a multiple delivery – should happen sometime in August, according to SBUH, which averages between 10 and…


Eastern LI Hospital affiliates with SBU

The Eastern Long Island Hospital Board of Directors has voted unanimously to approve an affiliation with Stony Brook University Hospital – an important step toward advancing collaborations between the two institutions. The affiliation is subject to a host of regulatory approvals and the completion of a definitive agreement between Eastern Long Island and Stony Brook Medicine, which includes the university’s five Health Sciences schools and dozens of satellite facilities. Eastern Long Island, a 90-bed hospital…


Live from Long Island: A cloud-based cure for Obamacare

By GREGORY ZELLER // A Long Island hedge fund manager and a team of doctors are tackling the modern health-care provider’s big-data dilemma. Electronic record-keeping, compliance with the Health Insurance Portability and Accountability Act, voluminous Medicare-reimbursement reporting … there are mountains of virtual paperwork to handle. Throw in one of the most disputed components of the controversial Affordable Care Act – “patient satisfaction” provisions that tie physicians’ Medicare reimbursements to patient surveys – and it’s…


No Picture

Another step back for Long Beach

Renovation of the Long Beach Urgent Care Center – resulting in Long Island’s first off-campus, 24-hour emergency services department – was completed in “record time.” Unfortunately, state and federal regulators don’t move as quickly. Until regulators offer final approvals, the rebuilt South Nassau Communities Hospital facility – which includes a three-bed “observation unit” and treatment areas for infectious diseases and behavioral-health cases – will not be open 24 hours per day and cannot receive ambulances…


Qosina heading to Dr. Atkins’ former digs

Qosina Corp., an Edgewood-based distributor of components for the medical device and cosmetics industries, is moving its headquarters to a Rechler Equity Partners building near MacArthur Airport in Ronkonkoma. The firm currently operates from two facilities totaling about 90,000 square feet in the Heartland Business Center in Edgewood. It will take 95,000 feet in a 206,000 Rechler facility on Orville Drive, once home to Atkins Nutritionals, the no-carb diet people. The relocation is expected to…


Henry Schein CEO Stanley Bergman

Henry Schein takes a bite of Danish

Henry Schein is going to Denmark. The Meville-based healthcare products distributor announced Tuesday it is acquiring a majority share of Jorgen Kruuse A/S, Scandinavia’s largest veterinary products distributor. Financial terms of the deal were not disclosed, by Henry Schein said it would acquire 85 percent of the company, which reported $90 million in 2014 sales. The Kruuse family will hold onto a 15 percent stake. The deal is expected to close in the third quarter…


Vasomedical’s big move into on-demand tech

By GREGORY ZELLER // Vasomedical’s acquisition this month of a Florida-based managed network provider named NetWolves may serve as a template for the future of U.S. health care. A big view, for sure, but it comes from Jon Linkous, CEO of the American Telemedicine Association, a Washington-based nonprofit promoting the use of remote medical technologies. Citing the evolution of interactive, on-demand technology in other industries, Linkous believes “health care is next,” and says the acquisition…


NYU Langone and Huntington Med Group partner

NYU Langone Medical Center has acquired Huntington Medical Group, one of the largest practices of its kind on Long Island, in a move that keeps step with the changing healthcare environment from hospital-based to local ambulatory care. The Huntington practice has been a prominent fixture since the 1950s. The practice is open 365 days a year, sees approximately 1,000 patients each day, and is known for offering patients comprehensive, personalized healthcare services under one unified system….


Henry Schein CEO Stanley Bergman

At Henry Schein, good Fortune continues

Henry Schein’s big year continues: Not only did the Melville-based health care products distributor land Thursday on the Fortune 500 list for the 11th consecutive year, but it moved up five spots from its 2014 ranking. Henry Schein reported net sales of $10.4 billion in 2014, good for No. 287 on Fortune’s annual listing of the nation’s top public companies. Last year, the company was ranked No. 292. It was the latest glad tiding in…


Taking North Shore-LIJ to market

By GREGORY ZELLER // With two spinoffs in play and as many as 10 waiting in the wings, the North Shore-LIJ Health System is ramping up its commercialization efforts at STAT speed. In particular, a series of ambitious collaborations between North Shore and the Cleveland Clinic – a nonprofit, multispecialty medical center melding hospital care with research and education – are beginning to bear commercial fruit. Speaking at a Long Island Association event on Thursday,…


SetPoint Medical

Feinstein’s vagus research takes plenty of nerve

BY GREGORY ZELLER // What happens in vagus doesn’t actually stay there. Or at least that’s the theory behind electrical stimulation of the vagus nerve, a long cranial bundle that extends from the brain to the abdomen. Medical science is just scratching the surface of the therapeutic value of vagus stimulation, but new studies suggest it goes far beyond the treatment of certain forms of epilepsy and depression, two longstanding targets of vagus manipulation. Dr….


In tattoo removal, it’s all about thinking backwards

By GREGORY ZELLER // If you’ve ever wanted a tattoo but balked at that whole, you know, forever thing, hang on. Joseph Miccio is back at the drawing board. In 2013, Miccio – then a freshman in Stony Brook University’s School of Medicine – took third place in SBU’s Dare to Risk Entrepreneurship competition with his invention of  Sonink, a tattoo ink that can be broken down by ultrasonic waves. Although he was bested by…