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News Briefs: Biomet IPO; Hep C Screening Coverage; Valve Guidelines

Biomet’s parent company filed an initial public offering registration statement for the firm March 7. CMS proposes national coverage for hepatitis C screening. ACC and AHA release new heart valve guidelines. More news.

Biomet Inc. stock is likely to return to public trading. On March 7, parent company LVB Acquisition Inc. filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering intended to raise up to $100 million. Biomet went private in 2007 when it was bought out by a private equity group for $11.4 billion. The company reported revenue of $825.7 million, up 4.5 percent from the prior-year period, in its second fiscal quarter, ended Nov. 30. For FY 2013, ended May 31, it reported sales just above $3 billion, up 9.3 percent.

CMS has proposed to cover screening for hepatitis C virus with FDA-approved or cleared lab tests in a primary care setting for patients at high risk for hepatitis...

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