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Friday, 14 February 2014 09:57

ArthroCare Revenue Up in 4Q

Austin, Texas-based ArthroCare, a company for minimally invasive surgical products, has announced fourth quarter 2013 revenues of $101.7 million, up 4.9 percent from fourth quarter 2012 revenues.

InstrumentsHere are the most recent quarterly financial reports for device companies focused on spine surgery or spine business lines.

Smith & Nephew reported revenue of $1 million for the second quarter of 2013, a 3 percent increase on an underlying basis over the same period last year.

MAKO Surgical reported a 19 percent increase in revenue for the second quarter of 2013 over the same period last year.

Globus Medical reported 11.5 percent increase in net sales for the second quarter of 2013 and a 10.8 percent increase in U.S. sales over the same period of last year.

Symmetry Medical reported $101.9 million in revenue for the second quarter of 2013 and net income of $1.2 million.

NuVasive shares dropped 13 percent after the company announced receiving a subpoena related to potentially false or improper Medicare and Medicaid claims, erasing more than $100 million in share value, according to a UT San Diego report.

Published in Spine
Friday, 03 May 2013 11:16

Medtronic Spine to Cut 230 Jobs

Medtronic announced it plans to eliminate 230 jobs from its Memphis, Tenn.-based spine division, according to a Pioneer Press report.
DePuy Synthes Spine parent company Johnson & Johnson reported the acquisition of Synthes and subsequent divestiture of the DePuy trauma business contributed to a 5.7 percent worldwide operational sales growth in the first quarter of 2013.
Medicrea reported a net profit loss of 1.2 percent in 2012.
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