20 Orthopedic Company Financial Reports in Early 2012

20 Orthopedic Device Company Q1 Financial Report Updates (Laura Miller @ Beckers) Here are financial report updates from 20 orthopedic and orthopedic-driven device companies for the first quarter of 2012 or the recently reported third quarter of the 2012 fiscal year. If you have comments or questions on this list, please contact Laura at lmiller@beckershealthcare.com. Alphatec Spine. During [...]

Next Orthopedic IPO Is Vexim, a French Spine Startup

Vexim Plans IPO (HealthPointCapital) French spine company Vexim is planning to IPO on the NYSE Alternext next month. Vexim developed the SpineJack procedure for the treatment of vertebral compression fractures and plans to raise as much as EUR 15.9 million ($20.9 million) in the offering, according to reports from Bloomberg. Vexim follows Globus Medical as the second spine company in a month [...]

Extremities Leader, Tornier Is Moving All US-Based Operations to Minnesota

Tornier Announces 2012 Facility Consolidations (press release) Tornier N.V. (NASDAQ: TRNX), a global medical device company focused on providing surgical solutions to orthopaedic extremity specialists, announced today that it plans to consolidate its facilities to drive operational productivity and to reduce annual operating expenses by $2.3 to $2.8 million beginning in 2013. The Company estimates it [...]

Spine Startup Globus Medical to Raise $100M in IPO This Year Under Symbol GMED

read the Globus Medical S-1 Say it Ain’t So – Globus Medical Files For Estimated $100M IPO (Josh Sandberg @ OrthoSpineNews) Medical device maker Globus Medical Inc. filed plans to raise up to $100 million in an initial public offering, citing a desire to create a public market for its stock. Globus Medical, formed in 2003, focuses [...]

Summary of the 2011 Financial Performance of 5 Spine Companies

5 Spine-Focused Device Company 2011 Financial Reports (Laura Miller @ Beckers) Synthes ($3.9 billion). Synthes revenue jumped 7.8 percent in 2011 to $3.9 billion, growth that comes on the heels of Johnson & Johnson’s intended acquisition, which was announced in early 2011. The acquisition is expected to become final sometime in 2012. In the mean time, Synthes [...]

The Top 15 Orthopedic Companies Ranked by 2011 Revenue

15 of the Most Profitable Orthopedic & Spine Device Companies in 2011 (Laura Miller @ Beckers) Stryker ($8.3 billion). Stryker’s net sales were up 13.5 percent in 2011 over 2010. United States sales rose 9.9 percent in 2011 to $5.2 billion, with international sales up 20.2 percent to reach $8.3 billion all together. Spine sales showed 48.5 [...]

Details of Golden Parachute for Ousted Steve MacMillan, Former Stryker CEO

MacMillions for Stryker Separation (Walter Eisner @ OTW) Stryker Corporation and ex-CEO Stephen MacMillan have agreed to terms of separation. Ironically, terms of separation are what got the former Stryker boss into hot water in the first place, as some board members reportedly lost confidence in MacMillan over a marital separation. MacMillan’s wife filed for divorce [...]

Smith & Nephew to Pay $22M to the DOJ in Greek Bribery Case

     Smith & Nephew to pay $22.2M in US settlements (CBS News) British orthopedics maker Smith & Nephew has agreed to pay $22.2 million to settle U.S. criminal and civil allegations that it bribed doctors employed by the Greek government for more than a decade to win business, U.S. authorities said Monday. Smith & Nephew’s [...]

New Report: Venture Capital Investment Rose 22% Last Year

     Study: Venture investment rose 22% in 2011 (OrthoSpineNews) Venture capitalists opened their wallets wider in 2011, investing $28.4 billion, up 22 percent, in 3,673 deals, up 4 percent, according to a MoneyTree Report today. Fourth-quarter investments totaled $6.6 billion in 844 deals, down 10 percent in dollars and an 11 percent decline in deals [...]

S&N Spins Off Its Biologics Arm Into a Private Equity JV Called Bioventus

    SNN spins out biologics unit in JV with Essex Woodlands (Mass Device) Orthopedics giant Smith & Nephew shuffles its divisions again with the spinout of its biologics and clinical therapies division in a joint venture with Houston’s Essex Woodlands venture capital shop. British orthopedic titan Smith & Nephew (NYSE:SNN) shuffled its business deck yet [...]

20 Orthopedic & Spine Device Company Financial Reports

       20 Orthopedic & Spine Device Company Financial Reports (Laura Miller @ Beckers) Here are the most recent financial reports for 20 orthopedic and spine device companies. Much of the success was driven by international markets, but a few companies reported sales growth in the U.S. spine and orthopedics markets. Alphatec Holdings’ Alphatec Spine reported $47.6 [...]

Wright Medical Feels the Drag of Sliding Sales, DOJ Compliance, and Restructuring Costs

       Restructuring charges put Wright Medical in the red in Q3 (Memphis Business Journal) The implementation of compliance regulations has resulted in a decrease in third quarter sales for Arlington-based Wright Medical Group Inc. The company’s sales for the third quarter decreased by 2.9 percent to $118.2 million, compared to $121.7 million during the [...]

What Are the Changes in Surgeon Payments After the DOJ Settlement Are Done?

         Post-DOJ Settlement, Researchers Note Changes in Payment Patterns (written by Lauren Uzdienski @ HealthPointCapital) A new study published in the Archives of Internal Medicine sought to analyze changes in payments to orthopedic surgeons following five orthopedic manufacturers’ 2007 settlement with the DOJ. What they found between 2007 and today was a decrease in the number [...]

Report: Biotech Funding Trends & Observations From 2007 – 2011

      The new normal for biotech (Ernst & Young) Pressures on the business model: funding There’s good and bad news about biotech funding in 2010. The good news: Across the US, Europe and Canada, biotech companies raised US$25 billion in 2010. This is about the same as the average during the four years preceding [...]

Angel Investments on the Rise in Early-Stage Medtech, While VC Investments Wane

  Early-stage angel investment rises, but early-stage VC funding falls (MassDevice) Venture capital investment is on the wane, but angel investment is increasing, according to a pair of recent reports. The University of New Hampshire’s Center for Venture Research reports that angel investment rose nearly 5 percent during the first and second quarters, to $8.9 billion, [...]

Orthopedic Surgeons Have One of the Highest Incomes of the Medical Specialties

     Ortho Surgeons’ Incomes Near Top (written by Biloine Young @ OTW) How do orthopedic surgeons’ incomes compare to those of other surgical specialities? As it turns out, not too bad. According to the September 2011 released Physician Compensation and Production Survey: 2011 Report Based on 2010 Data, only a few surgical specialties received more compensation [...]

Report Confirms FDA Is Scaring Off Venture Capital Investments in Medtech

Report Confirms Venture Capital at Risk in Medtech (Orthopedic Design & Technology) Venture capitalists in the United States are decreasing their investments in biopharmaceutical and medical device companies, reducing their concentration in prevalent disease areas and shifting investment away from the United States toward Europe and Asia, according to a report released today by the National [...]

Spinal USA to Add 25 New Jobs in Jackson, Miss.

     Spinal USA Expands, Creates U.S. Jobs   (press release) Spinal USA website JACKSON, Miss.–(BUSINESS WIRE)–Spinal USA, LLC is lowering the cost of health care while creating U.S. manufacturing jobs and making state-of-the-art medical implants to help spinal surgery patients both in the United States and abroad. “We manufacture our devices in Pearl or use U.S.-based [...]

5 Strategies to Negotiate Strong Orthopedic Payor Contracts

    5 Strategies to Negotiate Strong Orthopedic Payor Contracts (written by Rachel Fields @ Beckers) David Schlactus, CEO of Hope Orthopedics of Oregon and Willamette Surgery Center in Salem, shares five strategies he uses to negotiate strong payor contracts for his orthopedic-driven ambulatory surgery center. 1. Demonstrate that you’re not trying to make money [...]

U.S. Orthopedists Make Twice as Much as European Orthopedists

  U.S. Orthopedists Make Twice as Much as European Orthopedists (Laura Miller @ OTW) Orthopedic surgeons in the United States are making more than double their counterparts in countries such as Australia, Canada, France and Germany, according to a Bloomberg report. According to a study published in Health Affairs, orthopedic surgeons received $442,000 on average in 2008, while orthopedic [...]

keep looking »

May 18, 2012

  • Newsletter Signup

  • Orthopedic Recruiting

    Now Hiring: Product Development Engineer - Memphis, TN

     

  • Editor – Tiger Buford

     


  •  

  • most popular this week

  • Monthly Articles

  • RSS Orthopedics This Week

  • RSS MedPageToday

  • Support OrthoStreams

  • Book of the Month