DAYTONA BEACH — A spinal implant vendor who lost business at Halifax Health is alleging in a federal lawsuit the public hospital violated her constitutional rights when it banished her for writing a critical letter. Read more »
2013-2019
5 Year Blog Anniversary!
Time flyes! Thespinemarketgroup.com has already 5 years now and we want to thank YOU all for your visits and for following us. Also we would like to thank all the SPONSORS that have supported us through these years and very specially today to BMK medical, idataResearch, SpineCraft, A-Spine, Osimplant and Cousin Biotech that contributed to […]
California doctors used fake hardware in spine surgeries, lawsuits say
Jul 03, 2014–Doctors in Southern California have implanted counterfeit screws and rods, ginned up in a small machine shop, into the backs of thousands of injured workers, according to lawsuits filed throughout the state.Some doctors who used the bogus hardware took kickbacks including cash andRead more »
Medtronic and the ethics of ‘lawyering’
Medtronic’s proposal last week to buy Covidien to grow earnings and avoid paying U.S. taxes is a smart bit of “lawyering.” But it exposes once again the gap between law and justice.In the West since Aristotle wrote about politics, people have been uncomfortable when the law of the state fails to Read more »
Medtronic seeks to dismiss shareholder suits after panel finding
Medtronic Inc. will seek to dismiss shareholder lawsuits over its Infuse bone-growth product after a panel found the allegations were “without merit,” the medical-device maker said Tuesday. Shareholders accused Medtronic executives and directors of deliberately violating FoodRead more »
$13 Billion Bold Play: Zimmer Holdings, Inc’s Purchase of Biomet
In mid-December there was at least some chance that ortho giant Zimmer (NYSE:ZMH ) would make a bid for Biomet and become the dominant company in hip and knee implants, as well as leverage stronger share in areas like extremities, dental, trauma, and spine. That speculation has come to pass, as Zimmer has announced a […]
A-Spine Sponsorship
We welcome and thank A-Spine for their sponsorship to our site in 2014.Founded in June 2001 and based in Taipei, A-Spine Asia (ASA) is an emerging medical device company dedicated to theresearch, development, manufacturing and marketing of spinal implants and instruments for better spine health management. In addition to its leading position in the spinal […]
How 3-D Printing Is Revolutionizing Health Care
Additive manufacturing — a.k.a. 3-D printing — has moved beyond being a primarily techie and Wall Street topic to capture the attention of many on Main Street. This attention is well deserved, given the 3-D printing sector is expected to balloon from $2.2 billion in 2012 to nearly $6 billion in 2017, and will eventually […]
Spine surgery patients mostly unaware of costs, compensation
(Reuters Health) – Orthopedic surgery patients go in and out of the operating room “blind” to the cost of their procedures, researchers say, but the patients often assume doctors are making much more than they really do.The misperceptions among spinal surgery patients are emblematic of a major barrier to controlling healthcare costs, according to the […]
Welcome to New the Sponsors of “thespinemarketgroup.com”
Many Thanks to BM Korea, iDataResearch and Spinecraft for becoming sponsors 2014 of “thespinemarketgroup.com” and for collaborating with the America Red Cross.About BM KoreaBM Korea Co., Ltd.( www.bmkmedi.com) was founded in 2006 and is a manufacturer specialized in spinal medical devices covering Kyphoplasty, PEEK Cage, Pedicle Screw, Interspinousprocess fixation device, Interspinous process decompression device,Bone Cement […]
Alphatec loses lawsuit, delays quarterly report
In response to losing a lawsuit, Carlsbad’s Alphatec Holdings said it has delayed its fourth quarter and fiscal year 2013 earnings results until March 17. The company is the parent of Alphatec Spine, a medical device maker. Read more »
Hospital owner fraudulently billed $500 million in spinal surgeries
The former owner of a Los Angeles-area hospital will plead guilty to federal charges that he bribed a state senator as part of a wide-ranging kickback scheme to get spinal surgery cases referred to his facility, the Associated Press reported. Altogether, the fraudulent charges connected to the scheme may top $500 million. Michael D. Drobot, […]
Donate to the American Red Cross
In 2014 The Spine Market Group is supporting the American Red Cross being a fundraiser with the help of the Crowdrise tool.We encourage you to make a donation to the American Red Cross Disaster Relief : Donate to the American Red Cross Your gift enables to the Red Cross to prepare for and provide shelter, […]
Doctor from Medina charged in $7.3M health-care fraud
EL PASO, Texas — An ex-Army doctor in Texas has been indicted in a $7.3 million health care scam.The 65-count federal indictment announced Thursday in El Paso names Dr. Richard Craig Rooney of Medina, Washington Rooney worked at William Beaumont Army Medical Center in El Paso and Carl R. Darnall Army Medical Center at Fort […]
Globus’ Acquisition Of Excelsius Makes It A Compelling Robotics Story
Investment in robotic surgery has become a growing trend in the field of healthcare research. It is expected that in a few years from now surgical interventions will be performed by robotic technologies under the supervision of human surgeons from remote places. The EUROSURGE Read more »
K2M looking to go public
K2M, a spinal device company in Leesburg, has filed an S-1 draft registration with the Securities and Exchanges Commission to become a publicly traded company.The S-1 form is a confidential document between the SEC and the company filing to go public, which outlines key information about the company such as its business, properties, competition, the […]
Model can predict spine surgery complications
(HealthDay)—A new model can predict the risk of medical complications, including major complications, after spine surgery, according to a study published in the Feb. 1 issue of Spine. Michael J. Lee, M.D., from the University of Washington in Seattle, and colleagues created and validated a predictive model for the risk of medical complication or major […]
NuVasive Riding A New Wave Of Optimism
January 16th 2014 ,(seekingalpha.com)–Sell-side analysts still seem to be nervous about the near-term future of the spine market, but investors haven’t let that scare them away fromNuVasive (NUVA). With new products and a focused OUS strategy re-accelerating growth and management laying out some bold ambitions for the next five years, these shares have more than […]
How Much Do Medical Devices Cost? Doctors Have No Idea
Imagine taking your car to a mechanic who couldn’t tell you how much, say, a new battery would cost. Or, for that matter, the price of any available batteries. What’s more, there’s no way to find out because the manufacturer sells parts to different shops at vastly different prices, and its supply contracts forbid them […]
Globus Medical Announces Acquisition of Robotics Developer Excelsius Surgical
AUDUBON, Pa.–(BUSINESS WIRE)–January 08, 2014– Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal implant manufacturer, today announced that it has acquired Excelsius Surgical. Excelsius Surgical is developing a next generation surgical robotic positioning platform for spine, brain and therapeutic markets. The Excelsius Surgical system is a robotic surgical aid for navigating and facilitating surgical access, […]
Spinal surgery raises questions of excess
Monday, October 28, 2013/Peter Whorisky and Dan Keating Associated Press–The rate of spinal fusion surgery has risen sixfold in the United States over the past 20 years, according to federal figures, and the expensive procedure has become even more common than hip replacement.It can be difficult, in individual cases, to get doctors to agree about when […]