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 […]
NEWS
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 […]
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 »
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 »
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 […]
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 […]
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 […]