A second look at the financial pressure on the unprofitable public ortho companies this year.
In early May, I raised the alarm that the public companies that are not yet profitable will been punished. Well […]
Financial
The real reason companies don’t share salary information
The real reason why companies don’t share salary information (Medium) Yes, salary information should be included in job postings. Both
Red Flags for VCs during your due diligence process.
Red Flags and Warning Signs: What Could Trip Up a Startup during VC Due Diligence (Medium article written by Lauren Epstein)
Orthofix & SeaSpine merge to create a newco spine company
SPNE stock price / OFIX stock price My first impressions on day 1 of this announcement. Orthofix+SeaSpine is a strange
Merger – CurveBeam (Orthopedic imaging) + StraxCorp (AI bone health).
Orthopedic imaging company CurveBeam and StraxCorp, a provider of cloud-based software to improve bone health, have entered into a definitive merger agreement
12 ways your orthopedic company can move closer to profitability.
This article is for orthopedic company leaders looking ways to reach profitability or improve cash flow. Market conditions have tightened,
If you have manage orthopedic instrument sets or finance orthopedic instruments… you MUST listen to this conversation.
Listen on Spotify Listen on iTunes Podcast… Unlock the full article and exclusive OrthoStreams insights: in-depth analyses, hot startups, trends,
CONMED acquires BioRez for $250M.
BioRez has raised $26.4M to date according to Crunchbase. CONMED Announces Definitive Agreement to Acquire Biorez, Inc. (press release) CONMED
What happens to a Startup when VCs replace the Founder?
Research: What Happens to a Startup When Venture Capitalists Replace the Founder (HBR) Summary. When a startup founder seeks external funding, they
Amazon moves one step closer to entering Orthopedics.
Amazon Makes Moves In Healthcare With Plans To Acquire One Medical (Forbes) We OrthoStreamers tend to think that disruption will
The lure of a Monopoly in Orthopedics.
Yes, there are Monopolies in Orthopedics, and they are fantastic! A few savvy orthopedic companies create a new category or
Spineway acquires one-piece viscoelastic ESP disc prosthesis from French company Spine Innovations
Acquisition of Spine Innovations a specialist in disc protheses (press release) Continuation of the targeted external growth strategyAcquisition of Spine
Is Orthopedic tech recession proof?
There is no question that we are in a recession now. We have all been reading about the consumer tech
Acumed acquires ExsoMed
Acumed Acquires ExsoMed to Enhance Its Portfolio of Upper Extremity Solutions (press release) Acumed, a Colson Medical | Marmon |
Bioventus revises and backloads the CartiHeal acquisition deal
This is a sign of the financial situation in late 2022 where acquirers have a lower tolerance for risk. Original
If you want to see where orthopedics technology is going… follow the new money.
Proximie just raised $80M to accelerate it’s full-service connected surgery platform. This future is all about smart ecosystems, not devices.
Onkos to acquire Stryker/Stanmore’s Juvenile Tumor System
Back in 2016, Stryker acquired Stanmore Implants for $52M – read here Onkos Surgical to acquire Stryker’s Juvenile Tumour System
OrthoPediatrics acquires Pega Medical for $33M
Expands portfolio of trauma and deformity systems for pediatric orthopedics, including the Fassier-Duval Telescopic IM System™ websites – https://www.pegamedical.com/ ,
A better business metric for Ortho startups – “The Burn Multiple”
The Burn Multiple (by David Sacks on substack) How Startups Should Think About Capital Efficiency As the economic crisis deepens,
WARNING: The tightening is beginning.
The orthopedic market environment has flipped because of the macro financial market changes in play that started in May 2022.
Not so fast… Bioventus backs out of CartiHeal acquisition for $450M (4.5 X sales)
My opinion is that Bioventus decision is a “canary in the coal mine” for the med device market in 2022.
CONMED acquires In2Bones for $255M (7 X ttm sales)
CONMED Corporation (NYSE: CNMD) today announced a definitive agreement to acquire privately-held In2Bones Global, Inc. (In2Bones), on a cash-free, debt-free
How do orthopedic startups create value? 18 thoughts.
Startups shouldn’t solve technically hard problems (InvertedPassion) 1/ Startups get funded when they’re expected to be valuable, and they’re valuable
The 9 critical metrics for Ortho device companies
The Medical Device Industry’s 9 Most Critical Metrics (GuidingMetrics) In this article you’ll learn the most critical metrics that companies
OrthoPediatrics acquires MD Orthopaedics for $19.6M
OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, announced the
Medartis acquires Nextremity Solutions for $70M USD
Privately Held Nextremity Solutions, Inc. to be Acquired by Medartis to Expand Its Lower and Upper Extremities Business in the
Zimmer-Biomet has spun out their underperforming spine/dental businesses under a new public company called ZimVie
website – https://www.zimvie.com/en ZimVie Completes Separation from Zimmer Biomet; Announces Board of Directors ZimVie Inc. (Nasdaq: ZIMV) today announced its
16 employee compensation ideas in this crazy post-Covid orthopedics world.
The world has changed. There are more job openings than talent available. Employees have more leverage than ever in negotiating
DePuy-Synthes acquires CrossRoads Extremities for 14X sales (word on the street)
DePuy Synthes Acquires CrossRoads® Extremity Systems to Further Strengthen Elective Foot & Ankle Portfolio Innovative Elective Foot & Ankle Products
ZB’s IPO spinout of Dental/Spine will be called “ZimVie”
Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today announced that it has filed a Form 10 registration statement with
S+N acquires Engage Surgical for $135M for cementless uni and technology
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″] [et_pb_text admin_label=”Text”] website – https://engagesurgical.com/ Smith+Nephew acquires cementless partial knee maker Engage Surgical (MassDevice)
Paragon 28 acquires Disior’s imaging analytics software for $26M
Paragon 28 Announces Acquisition of Disior (press release) Disior advances Paragon 28’s SMART 28™ strategy, providing a comprehensive 3D analytics
Globus + NuVasive, everything you need to know right now.
Note: This article is just my opinion. I have no dog in the fight and do not own either stock.
Whoops! Arthrex to pay the DOJ $16M for kickbacks
https://www.justice.gov/opa/pr/medical-device-company-arthrex-pay-16-million-resolve-kickback-allegations Medical Device Company Arthrex to Pay $16 Million to Resolve Kickback Allegations Arthrex Inc., a Florida-based medical device company,
OrthoSpin is acquired by DePuy Synthes for $79.5M cash.
Read also – OrthoSpin wins FDA clearance for its smart Ex-Fix system The Trendlines Group Ltd. (“Trendlines“) is pleased to
Startup with wireless targeted electrical stimulation for spine fusion raises $5M
website – https://www.intelligentimplants.co/ Intelligent Implants scores €4.5 million blended financing from EIC Accelerator (press release) EIC funding will accelerate the
The Paragon 28 story, and another hot Foot & Ankle IPO.
Congratulations to Paragon 28 and team for a successful IPO. The Foot & Ankle space is really hot right now.
Why do most Orthopedic acquisitions flop?
In this article I try to explain why most ortho acquisitions are set up for failure from day one. We
Meet the new robotics startup, Monogram Orthopedics, and by-the-way, it’s crowd-funded
Monogram Orthopedics Poised to Disrupt Total Knee Arthroplasty Market, More than 5,000 Series B Investors Back the Company (Valdosta Daily
Bioventus acquires Misonix for $518M in cash & stock
websites: Bioventus and Misonix Bioventus and Misonix Announce Definitive Agreement for Bioventus to Acquire Misonix (press release) The Combination Further Differentiates Bioventus’
When will we start to see SPACs in Orthopedics?
Below is an easy to read article about SPACs and their use in Medtech investments. Blank Check Companies’ Hunt For
Startup merger, Integrity Implants + Fusion Robotics = Accelus
Integrity Implants and Fusion Robotics Merge to Form Accelus (press release) Integrity Implants Inc., a privately held medical device company
Device makers channel $3B to orthopods
Cited in this article – SpineFrontier, Life Spine, Arthrex, and Exactech Devicemakers have funneled billions to orthopedic surgeons who use
Indian hospital group acquires hip/knee assets from Consensus Orthopedics for $11.45M
Hospital chain Shalby to buy implant assets of US firm Consensus Orthopedics (VCCircle) Multi-speciality hospital chain Shalby Ltd said it
DJO acquires MedShape
websites – https://www.medshape.com/ https://www.djoglobal.com/ DJO® Acquires MedShape, Inc. DJO, a subsidiary of Colfax Corporation (NYSE: CFX) and a leading global
The augmented reality surgical pioneer, Augmedics, raises $36M
“If you want to truly understand the future of orthopedic surgery, learn more about Augmedics.” –Tiger Read Q&A with Augmedics
SeaSpine acquires 7D Surgical for $110M
Website – https://7dsurgical.com/ Website – https://www.seaspine.com/ SeaSpine to buy 7D Surgical for $110M (MassDevice) Spine surgery tech company SeaSpine Holdings (NASDAQ: SPNE)
Spinal Elements acquires the Luna assets from Benvenue Medical
Spinal Elements, a spine technology company, announced the acquisition of the assets of Benvenue Medical Inc., a developer of MIS
Curiteva raises $20.5M from private investors
CURITEVA RAISES $20.5 MILLION IN FUNDING ROUND (Orthopedics This Week) Huntsville, Alabama-based Curiteva, Inc., a spinal device company, has closed
Former MiMedx execs are convicted in fraud case
Report: Jury convicts ex-MiMedx execs in fraud case (MassDevice) Two former executives of MiMedx were convicted today on charges in an alleged