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) […]
NEWS
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 […]
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 […]
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 […]
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 […]
RTI annual revenues increase after Pioneer purchase
RTI Surgical’s July acquisition of Pioneer Surgical Technology pushed 2013 revenues to $198 million compared with $178.1 million in 2012, although the full-year revenues for both companies combined for 9 percent less in 2013. Read more »
Alphatec Holdings (NASDAQ:ATEC) Subsidiary Surgiview Loses Litigation Case To OrthoTec
Boston, MA 02/11/2014 (wallstreetpr) – Surgiview a subsidiary of Scient X SAS acquired by Alphatec Holdings (NASDAQ:ATEC) in 2010 has been found liable to have transferred assets for less than the market price, Surgiview was also found to have interfered on contractual rights related to OrthoTec. Formal judgment has not been handed but Surgiview according […]
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 […]
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 […]
Aurora Spine Receives FDA 510(k) Clearance for Sterile-Packed TiNano(TM) Coated Interbody Systems
CARLSBAD, CALIFORNIA, Feb, 2014 (Marketwired via COMTEX) — Aurora Spine Corporation announced today that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance for sterile-packed titanium plasma spray coated (TiNano(TM)) spinal fusion implants.“This FDA clearance is a major achievement for Aurora Spine. These intervertebral implants are developed to support the entire spine from […]
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 […]
Zimmer Files Suit Against Rival
Orthopedic rivals Zimmer Holdings and Stryker Corp. are once again engaged in a legal battle.Zimmer filed a lawsuit in South Bend’s Northern District of U.S. District Court accusing its rival of using a “Trojan horse” scheme to lure away sales reps and accounts in its Texas market. The suit also names Zimmer sales rep Cory […]
Depuy Synthes Spine Gains Exclusive Worldwide Rights To Launch Lifenet Health’s New Cellular Allograft Product
RAYNHAM, Mass. – February 4, 2014 – DePuy Synthes Spine and DePuy Synthes Biomaterials, divisions of DePuy Orthopaedics, Inc., announced today they have entered into an exclusive worldwide representative agreement for the marketing and promotion of a new cellular allograft product developed by LifeNet Health, a world leader in allograft bio-implants and cellular therapies. The […]
Zimmer Launches Puros(R) Demineralized Bone Matrix (DBM) Block and Strip
MINNEAPOLIS, Feb. 3, 2014 /PRNewswire/ — Zimmer Spine, Inc., a global leader in spine innovation, today announced the U.S. market launch of Puros Demineralized Bone Matrix (DBM) Block and Strip — bone graft substitutes used to stimulate natural bone formation processes in spine surgical procedures. Used alone or as a bone graft extender, Puros DBM […]
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 […]
Johnson & Johnson Still Driven By Drugs
January 2014, (The Motley Fool.com)–As another solid quarter goes into the books, Johnson & Johnson (NYSE: JNJ ) continues to be a med-tech story driven largely by the success of its drug platform. Given the growth potential of the company’s platform in immunology, oncology, virology, and metabolic disease, that’s not likely to change anytime soon. Competition […]
Spinal Robotic Surgery Debate at ISASS Advanced MIS Course in Las Vegas
ORLANDO, Fla., Jan. 30, 2014 (GLOBE NEWSWIRE) — Last week, Dr. Isador Lieberman of Texas Back Institute gave a podium presentation on robotic technique for spine surgery withMazor Robotics Renaissance™ Guidance System to attendees of the International Society for the Advancement of Spine Surgery (ISASS) Advanced MIS Course in Las Vegas, Nev. The lecture was […]
K2M Celebrates 10 Years of Spine Innovation
LEESBURG, VA … January , 2014 – In celebration of the company’s 10th anniversary, K2M Group Holdings, Inc. (K2M) President and CEO Eric Major delivered the following statement at its annual global sales meeting:“Today K2M celebrates 10 years of entrepreneurial success and embarks on its second decade of achievement. What started in January of 2004 […]
SpineGuard’s 2013 revenue grows 20% to €4.6 million in line with expectations
PARIS and SAN FRANCISCO, Jan. 23, 2014 – SpineGuard (FR0011464452 – ALSGD), an innovative company that designs, develops and markets disposable medical devices intended to make spine surgery safer, announced today its consolidated full-year 2013 revenue. 2013 annual revenue in line with the Company’s expectations In 2013, SpineGuard recorded revenue of €4,615 thousand, a +20% […]
Germany and France Will See Strongest Growth in European Markets for Spinal Implants Through 2022
BURLINGTON, Mass., Jan. 23, 2014 /PRNewswire/– According to Decision Resources Group (DRG), France and Germany will offer competitors in the European spinal implant market the greatest opportunities for revenue expansion through 2022. These countries have not been as adversely affected by the European economic crisis as Italy and Spain, and austerity measures have not been […]
Stryker profit rises 43% on stronger sales
Stryker Corp. SYK said its fourth-quarter earnings rose 43% on the medical-device maker’s broad revenue growth, including sales of its replacement knee and hip joint products. Read more »
VGI Medical, LLC (aka VG Innovations) Announces the Establishment of a National Sales Management Team
St. Petersburg, FL (PRWEB) January 21, 2014,Hollifield, over the last several months, has focused on establishing the sales team needed to support the growth of the current product portfolio as well as that expected from the upcoming new product releases.Steve Allegaert joined the team as the Area Sales Director-West, focusing on expanding sales and distribution […]