Orthopedic companies MUST learn financial discipline in order to survive. The easy capital faucet is was turned off forever back in May of 2022.
This is real.
Companies must survive on their own sales and earnings, not outside capital.
Today, ortho companies must have more than great people and great products that solve clinical problems – you must have financial discipline.
I have started a list below of 16 real ortho companies that have suffered under the new financial environment… so far
tell me who I missed – tiger@tigerbuford.com.
- ActivOrtho – asset sale.
- Bioventus – looking for capital to keep going.
- Carevature (Israel) – asset sale.
- Conformis – garage sale to Restor3D.
- ControlRad – asset sale.
- Intellirod Spine – asset sale.
- Lima TechMah Medical – US business shut down.
- Novum (fka Bio2 Technologies) – shut down.
- Osso Surgical – shut down.
- Surgalign – Chapter 11, asset sale.
- Zimmer Knee Creations – division shut down.
- Trice Medical – looking for capital to keep going.
- Titan Medical – asset sale.
- TracPatch Health – asset sale.
- WishBone Medical – asset sale.
- Xiros North America – US business shut down.