Medtronic looking for ‘opportunistic’ acquisitions up to $1B
Medtronic to Seek ‘Opportunistic’ Deals, CEO Says (Bloomberg)
MicroPort Scientific to develop MIS spine procedures for China
MicroPort Scientific Said to Seek $150 Million in Hong Kong IPO (BusinessWeek) www.MicroPort.com MicroPort currently sells minimally invasive devices to more than 1,100 hospitals across China.
Done deal – K2M is acquired by a Private Equity firm
Welsh Carson Completes K2M Buyout Welsh, Carson, Anderson & Stowe to Acquire Majority Position in Spine Firm K2M (Press Release) K2M Acquired? (The Spine Blogger)
Biomet to add 278 jobs in 2 years at its headquarters in Warsaw
Biomet to add 278 jobs in Indiana (IndyStar)
Osteotech in a public battle over control
Osteotech girds for rumble with dissident investors (MassDevice) Osteotech Disputes Dissident Stockholders’ Frivolous and Redundant Initiatives (Osteotech Press Release) Unhappy Investors cite: poor performance and 28% stock loss under CEO Sam Owusa-Akyaw $4M loss in 2009 passed up on 2005 acquisition offer from MTF loss a major private-label contract with Smith & Nephew
OrthoPediatrics opens new global headquarters in Warsaw, IN
OrthoPediatrics Building New Global HQ (VIDEO: Inside Indiana Business) Warsaw-based OrthoPediatrics is in the process of renovating an old car dealership in downtown Warsaw for its new global headquarters. CEO Nick Deeter says the company’s success has never been a product of demand, but the ability to get devices into the market quicker. It once [...]
Mixed financial results in 2Q for Med Device companies
Mixed Bag for Device Makers (WSJournal)
Expansion, 280 jobs in Biomet plan (journalgazette.net) Biomet Inc. plans to invest $26 million in an expansion that will create about 280 new jobs, Kosciusko County officials said Friday.
The InMotion Orthopedic Research Center in Memphis is restructuring and reducing staff
InMotion restructuring, reducing staff (Memphis Business Journal)
Doctor vs. device manufacturer: A case study in what not to do
Doctor vs. device manufacturer: A case study in what not to do (OrthoSuperSite) Zimmer and Dr. Richard Berger (Rush) are in a public divorce battle over NexGen CR-Flex Knee results Surgeon vs. Knee Maker: Who’s Rejecting Whom? (NYTimes)
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