Your company is being acquired. Why would you wait to see what happens?
There is a long history of acquisitions and mergers in orthopedics.
I talked with good people at K2M after the Stryker buyout who wanted to stick around to see what opportunities came their way.
Many were eventually RIFed.
I talked with good people at Wright after the Stryker buyout who wanted to stick around to see what opportunities came their way.
Most incurred a reduction in title. Many were eventually RIFed.
Today I am talking with good people at both SeaSpine and Orthofix. And once again… many want to stick around to see what opportunities may come their way.
Read the press release below.
The newco (OFIX + SeaSpine) must reduce expenses by $40M per year. This is code for a reduction in headcount.
Why would anyone want to hang in there and see what happens ?
The only conclusion I can reach: Most orthopedic professionals are sheep and not in control of their careers.
