MACON, GA. — Southern Spine, LLC, an ISO 13485:2003 certified manufacturer of implants and instruments for spinal surgery, announced today that they have established an agreement with a major Italian distributor and have already performed numerous successful cases of its patentedStabiLink® MIS Spinal Fixation System. “Now that our StabiLink® System is CE Marked, as well […]
2014
Device firms adjust to increased payment disclosure
WASHINGTON – Mark DuVal’s law firm has been busy teaching medical device and drug makers how to obey the Physician Payments Sunshine Act.It is no easy task, says DuVal, a Minneapolis attorney who used to work for Medtronic Inc. and 3M Co.New federal reporting requirements that began Feb. 18 are complicated and eventually will include […]
Device firms adjust to increased payment disclosure
WASHINGTON – Mark DuVal’s law firm has been busy teaching medical device and drug makers how to obey the Physician Payments Sunshine Act.It is no easy task, says DuVal, a Minneapolis attorney who used to work for Medtronic Inc. and 3M Co.New federal reporting requirements that began Feb. 18 are complicated and eventually will include […]
Revolutionary Spinal Deformity Surgical Treatment is Available in th United States
IRVINE, CA–(Marketwired – March 06, 2014) – Ellipse Technologies, Inc., a global medical device company, announced today that it has received FDA 510(k) clearance to market the MAGEC® (MAGnetic Expansion Control) Spinal Bracing and Distraction System. The MAGEC system is now available for use in skeletally immature patients less than 10 years of age with […]
ulrich medical USA® Enters U.S. Tourniquet Market
ST. LOUIS, March 6, 2014 /PRNewswire/ — ulrich medical USA, Inc., announced today the creation of a new U.S. hospital devices business unit with the release of innovative, high-tech pneumatic tourniquet devices. ulrich medical Inc., the German parent company of ulrich medical USA, is the current market leader in Germany for tourniquet technology, and this […]
Nearly 1,000 sue Medtronic over Infuse bone growth product
Medtronic said about 1,000 people have sued the company over its controversial bone-growth product, Infuse, and many more lawsuits may be coming.In addition, several states are looking into sales and marketing practices involving Infuse, which is used in spine surgery. Read more »
Ortho Kinematics Reports Strong Surgeon Uptake of VMA Spine Diagnostic Services.
AUSTIN, Texas – March 04, 2014 — Ortho Kinematics‚ Inc. (OKI), a privately held healthcare diagnostic company focused on spine imaging informatics, announced achieving the milestone of having tested over 1,000 patients with the Vertebral Motion Analysis (VMA) system, which was commercially launched on a limited scale in late 2013.The VMA test is a revolutionary […]
LDR Holding Corporation Reports Fourth Quarter and Fiscal Year 2013 Results
AUSTIN, Texas, Feb, 2014 (GLOBE NEWSWIRE via COMTEX) — LDR Holding Corporation, a global medical device company focused on designing and commercializing novel and proprietary surgical technologies for the treatment of patients suffering from spine disorders, reported its financial results for the fourth quarter and year ended December 31, 2013. LDR’s revenue from exclusive technology […]
Biomet to Host Job Fair at Spine Division Headquarters to Support Company Growth and Expanded Opportunities
BROOMFIELD, Colo., Feb, 2014 (GLOBE NEWSWIRE) — Biomet, Inc., a global leader in the manufacturing of musculoskeletal and biotechnology products, today announced the Company will host a job fair March 6-7, 2014 at its Spine Division Headquarters in Read more »
Precedent Spine names new president and CEO
February 27, 2014 (nashvillepost.com) Nashville-based Precedent Spine Health announced today the appointment of Brian McCollum as president and CEO of the intraoperative services company.McCollum comes from Orthofix International NV, where he served as president of the spine global business unit, and previously served as its CFO. In all, he spent more than a decade at the […]
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 […]
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 […]
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 […]
Independent Study Demonstrates Effectiveness of Kiva®System for Patients With Osteolytic Vertebral Metastases
SANTA CLARA, Calif., Feb. 25, 2014 /PRNewswire/ — Benvenue Medical, Inc., today announced results of an independent, prospective, randomized study which found that the company’s Kiva® VCF Treatment System was as effective as balloon kyphoplasty (BKP) in reducing pain associated with osteolytic vertebral body metastases. The Kiva System also resulted in no extravasation (cement leakage) […]
Will Obamacare Derail Zimmer Holdings, Inc.?
One of the most surprising trends for health care investors may be the rally in medical appliance companies including hip and knee leader Zimmer Holdings (NYSE: ZMH ) .In the wake of Obamacare, investors were warned companies would face a profit cliff that would unhinge earningsRead more »
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, […]
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, […]
RTI Surgical™ Announces Launch of Two New Spine Systems: Aspect ® Anterior Cervical Plate System and MaxFuse™ VBR System
ALACHUA, Fla. (Feb 24, 2014) – RTI Surgical Inc. (RTI) (Nasdaq: RTIX), a leading global surgical implant company, announced today the full market launch of the MaxFuse™ Vertebral Body Replacement System and the Aspect® Anterior Cervical Plate System. Both systems are designed for use in spine fusion and are currently available for U.S. distribution.“The MaxFuse […]
Stryker Corp. to spend $172 million to buy German surgical room equipment maker Berchtold Holding AG
KALAMAZOO, MI — Stryker Corp. has a definitive agreement to buy German surgical room equipment maker Berchtold Holding AG for $172 million.Berchtold is a maker of surgical infrastructure equipment. That includes surgical tables, equipment booms and surgical lighting systems used in operating rooms and intensive care units.“Combining these complementary solutions with Stryker Endoscopy’s existing operating […]
Tyber Medical Announces Strategic Partnership to Provide Customer Financing
MORRISTOWN, N.J., Feb. 18, 2014 /PRNewswire/ — Tyber Medical, LLC, a privately held medical device company focused on developing innovative spine and orthopedic devices for private label opportunities, announced today that they have formed a partnership with Magellan Capital Partners of Tustin, CA. This strategic alliance will allow Magellan Capital Partners to provide financing services […]
RTI Surgical(R) Announces Renewal of Supply and Distribution Agreement with Zimmer, Inc. for Its Trauma Business
ALACHUA, Fla.–(BUSINESS WIRE)–February 19, 2014– RTI Surgical Inc. (RTI) (Nasdaq:RTIX), a global surgical implant company, announced today that the company’s wholly owned subsidiary, Pioneer Surgical Technology Inc. DBA RTI Surgical, has signed an agreement with Zimmer, Inc. (NYSE:ZMH) (SWX:ZMH) to supply integrated plates and cables, cannulated screws and instrumentation for Zimmer’s trauma business.Under the agreement, […]
Aurora Spine Corporation: First Surgical Implant of ZIP ULTRA™ MIS Interspinous Device Performed in the United Kingdom
CARLSBAD, CALIFORNIA–(Marketwired – Feb. 19, 2014) – Aurora Spine Corporation (TSX VENTURE:ASG) announced today the first surgical implant of the company’s ZIP ULTRA™ Minimally Invasive Interspinous Device in the United Kingdom. The surgery was performed at the University Hospital Llandough, a part of the Cardiff and Vale University Health Board, by Mr. Stuart James.“The ZIP […]
Intrepid Orthopedics Expands to Become a Full Service Medical Device Outsourcing Company
Richfield, Ohio – February 19, 2014 , Intrepid Orthopedics, a Northeast Ohio based medical device outsourcing firm, has recently expanded their capabilities to become full service for its increasing client base. To accommodate its expanded services and growing business, Intrepid Orthopedics moved into a larger facility in Richfield, which is located less than 30 minutes […]
PDL Biopharma and Paradigm Spine Complete a $75 Million Financing Transaction
INCLINE VILLAGE, Nev. and NEW YORK, Feb. 18, 2014 /PRNewswire/ — PDL BioPharma, Inc. (NASDAQ: PDLI) and Paradigm Spine, LLC, a provider of innovative spinal implant technologies, announced today that the parties have entered into a credit agreement whereby PDL will provide Paradigm with up to $75 million of secured debt financing. Armentum Partners acted […]
Medtronic fiscal Q3 profit falls after charges
Medtronic, Inc. on Tuesday reported that fiscal third quarter net profit fell 23 percent on expenses that included a charge related to discontinued testing of a high blood pressure treatment.Net earnings amounted to $762 million, or 75 cents a diluted share. Revenue was $4.16 billion, an increase of 3 percent over the same quarter a […]