NEW YORK — Spinal device maker NuVasive says Chairman and CEO Alex Lukianov resigned after the board concluded he didn’t follow expense reimbursement and personnel policies.NuVasive says Lukianov resigned Saturday after an investigation by the board of directors. The company, which makes products used in minimally-invasive spine surgeries, said Lukianov didn’t live up to its […]
NEWS
Vistek Medical achieves medical implant and component manufacturing milestone
IVYLAND, PA – Vistek Medical, a leading contract manufacturer of medical implants and components focused on the Orthopedic, Spinal, Trauma, and Extremity markets has reached a manufacturing milestone of two million medical components.“This landmark reflects the dedication of our employees and commitment to delivering precision machined medical components to our customers on time,” stated John […]
Implanet: 2014 annual results
Paris, March 31, 2015 – IMPLANET (Euronext: IMPL, FR0010458729, PEA-PME eligible), a medical technology company specializing in vertebral and knee-surgery implants, today announces its annual results for the financial year to December 31, 2014, as approved by the Board on March 18, 2015. Ludovic Lastennet, CEO of Implanet, states: “The sale of 4,260 JAZZ implants […]
Benvenue Medical Signs Group Purchasing Agreement with Novation for Kiva® VCF Treatment System
SANTA CLARA, Calif.–(BUSINESS WIRE)–Benvenue Medical, Inc., a developer of minimally invasive solutions for spine repair, today announced that it has signed a group purchasing agreement for the Kiva® VCF Treatment System with Novation, the leading health care services company. The three-year contract became effective March 1, paving the way to offer the Kiva System through […]
Medtronic Completes Acquisition of Sophono, Inc., Minimally Invasive Bone Conduction Hearing Implant Technology
DUBLIN – March 26, 2015 – Medtronic plc (NYSE: MDT) announced today that it has completed the acquisition of Sophono, Inc., a privately held developer and manufacturer of innovative magnetic hearing implants in Boulder, Colorado. This acquisition enables Medtronic’s Ear Nose and Throat (ENT) business to continue its focus on novel therapies and innovative technology […]
Which are the Spinal Implants Average Prices?
According to Millennium Research Group’s most recent report, the U.S. spine market is expected to continue to grow modestly through 2022, reaching nearly $7.1 billion. Although there are more than 300 competitors (visit spinecatalogue2015), the market is dominated by five main players.According to the site healthcarefinancenews.com, despite initial concerns that the passing of the Affordable Care Act would […]
Which are the Spinal Implants Average Prices?
According to Millennium Research Group’s most recent report, the U.S. spine market is expected to continue to grow modestly through 2022, reaching nearly $7.1 billion. Although there are more than 300 competitors (visit spinecatalogue2015), the market is dominated by five main players.According to the site healthcarefinancenews.com, despite initial concerns that the passing of the Affordable Care Act would […]
Globus Medical Announces the Acquisition of Branch Medical Group, Inc.
AUDUBON, Pa.–(BUSINESS WIRE)–Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal implant manufacturer, today announced that it has entered into an agreement to acquire Branch Medical Group, Inc. (“BMG”), a third party manufacturer of high precision medical devices. Under the terms of the agreement Globus has agreed to pay $52.9 million in cash, subject to certain […]
ChoiceSpine Announces Executive Hires
KNOXVILLE, TN, Feb 25, 2015 – ChoiceSpine, a Knoxville, TN based spinal implant company, is pleased to announce the hiring of two new executives. Mr. Tom McLeer, Senior Executive Vice-President, will serve as an advisor to founders Rick Henson and Marty Altshuler, assisting with strategic planning and business development. Dr. Steve Ainsworth, PhD has been […]
Makers of medical devices work hard to overturn Obamacare tax
WARSAW, Ind. — Tom Till eyes the morning’s e-mail to see who’s angling to hire his students. A local employer, which had already hired 23 people in less than a year, says it needs three more to help make the artificial hips, knees and other devices manufactured here in the self-proclaimed “Orthopedic Capital of the […]
$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 […]
Wright Medical Concludes Take over
Orthopedic devices maker Wright Medical Group recently reported that it had concluded its take over of BioMimetic Therapeutics. This deal will amalgamate Wright Medical’s strong sales team and product lineup with BioMimetic’s biologics offering pipeline.On Nov 19, 2012, Wright Medical revealed its intention to take over BioMimetic Therapeutics for an initial cash payment of $190 […]
Spinal surgery firm TranS1 to acquire Baxano for $23.6M
RALEIGH, N.C. —Spinal surgery medical device maker TranS1 (NASDAQ: TSON) is expanding its focus on minimally-invasive lumbar spine treatments with the acquisition of another spinal products company, Baxano, in a stock deal valued at about $23.6 million. Raleigh-based TranS1 will issue approximately 10.4 million shares of TranS1 common stock and pay $550,000 in cash to […]
Stryker Offers to Buy China Spine-Products Maker
Stryker Corp. offered to pay $764 million in cash for the spine-products maker Trauson Holdings Co. and a foothold in the fast-growing Chinese orthopedics market.The deal follows Medtronic Inc.’s September acquisition of Chinese orthopedics company Kanghui Holdings Co. for $816 million. U.S. medical-device makers, facing sluggish markets for high-end devices such as spine and hip […]
Medtronic completes acquisition of Kanghui
Medtronic Inc. has completed its acquisition of China Kanghui Holdings, a provider of orthopedic devices in China.According to a company press release, Medtronic paid approximately $816 million in cash under the terms of the agreement announced on Sept. 27. The total value of the transaction, net of Kanghui’s cash, is expected to be approximately $755 […]
Premia Spine Acquires Assets of Impliant
RAMAT POLEG, Israel, May 19, 2011 /PRNewswire/ — Premia Spine, Ltd. announced today that the company acquired Impliant, Ltd. assets, which include 16 worldwide patents. Premia intends to commercially launch the TOPS(TM) System and its adjunct Versalink(TM) Fixation System in third quarter of 2011. “We are excited about the opportunity to provide patients with a clinically-proven, superior solution to […]
NuVasive Signs Agreement to Acquire Impulse Monitoring
SAN DIEGO, CA, Sep 28, 2011 (MARKETWIRE via COMTEX) — NuVasive, Inc. (NASDAQ: NUVA), a medical device company focused on developing minimally disruptive surgical products and procedures for the spine, announced today that it has executed a definitive agreement for the purchase of Impulse Monitoring, Inc., a leading Intra-Operative Monitoring (IOM) provider in the United […]
Orthovita, Inc. Agrees To Be Acquired by Stryker Corporation for $3.85 Per Share in Cash
MALVERN, Pa.–(BUSINESS WIRE)–Orthovita, Inc. (Nasdaq: VITA) today announced that it has entered into a merger agreement under which Stryker Corporation (NYSE: SYK) has agreed to acquire all of the common stock of Orthovita for $3.85 per share in cash which represents a total value of approximately $316 million. William E. Tidmore, Chairman of the Board, […]
Integra LifeSciences Acquires SeaSpine
PLAINSBORO, N.J., May 24, 2011 (GLOBE NEWSWIRE) — Integra LifeSciences Holdings Corporation (Nasdaq:IART) today announced that it has acquired SeaSpine, Inc., a provider of high quality, innovative products for the spine fusion market, for $89 million in cash, subject to certain post-closing adjustments. After the combination, the spine and orthobiologics portfolio is now the largest […]
Johnson & Johnson and Synthes Announce Definitive Merger Agreement – DePuy
New Brunswick, N.J., and West Chester, PA (USA), April 27, 2011–Johnson & Johnson (NYSE: JNJ), the world’s most comprehensive and broadly-based manufacturer of health care products, and Synthes, Inc. (SWX:SYST.VX), a premier global manufacturer of orthopaedic devices, today announced that they have entered into a definitive agreement whereby Johnson & Johnson will acquire Synthes for […]
Globus Medical Announces the Acquisition of Facet Solutions Inc.
AUDUBON, Pa., Jan. 12, 2011 /PRNewswire/ — Globus Medical, Inc., the largest privately held spinal implant manufacturer in the world, today announced that it has acquired substantially all of the assets of Facet Solutions, Inc. of Hopkinton, Mass. The terms of the acquisition are undisclosed. Facet Solutions Inc., a leader in the development of total facet arthroplasty devices, has been […]
Medtronic Completes Acquisition of Osteotech
MEMPHIS, Tenn.–(BUSINESS WIRE)–Moving to expand its Biologics product offerings, Medtronic, Inc. (NYSE: MDT), announced today it has completed the acquisition of Osteotech, following payment of $6.50 per share in cash for each share of Osteotech stock, with a total transaction value of approximately $123 million. Osteotech is a leader in the growing field of biologic […]
Captiva Spine Acquires Proprietary Cervical Plate System, SmartLox™
Jupiter, FL, October 06, 2010 –(PR.com)– Captiva Spine, Inc., a medical device organization dedicated to developing and distributing spinal technologies in the US and internationally, announced today that it has signed an agreement with Dr. Kamaljit Paul, Oshkosh, WI, to acquire the license to a Cervical Plate System designed and patented by Dr. Paul. The […]
Pioneer® Surgical Technology, Inc. Announces Agreement to Acquire Exclusive Access to the Cequence™ Cervical Plate System From SpineSmith, LP
MARQUETTE, Mich., Oct. 8 /PRNewswire/ — Pioneer Surgical Technology, Inc. and SpineSmith, LP are pleased to announce a deal in which Pioneer Surgical will acquire exclusive rights to manufacture and distribute the Cequence™ anterior cervical plate. As part of the agreement, Pioneer Surgical will become the manufacturer of record and offer the Cequence system through its existing […]
Amedica® Corporation Acquires US Spine, Further Securing Its Leadership Position in the Spinal Device Marketplace
SALT LAKE CITY, Utah, Sept. 21 /PRNewswire/ — Amedica Corporation (AC), a spinal and orthopaedic implant and instrument company focused on unique silicon nitride (SiN) ceramic technologies, announced today that it has acquired US Spine, a privately held, well-known medical device company focused on the development and commercialization of advanced spinal implant systems. Development efforts at Boca Raton-based […]
Alphatec Spine Completes Acquisition of Scient’x Groupe SAS
CARLSBAD, Calif., March 29, 2010 (GLOBE NEWSWIRE) — Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions affecting the aging spine, announced today the closing of its previously announced […]