Indiana device companies are looking for ways to absorb revenue reductions resulting from the 2.3 percent medical device excise tax since they will not be able to pass the costs on to hospital customers, according to the Indianapolis Business Journal.
Lewisville, Texas-based Orthofix International's gross profits dipped in the first quarter, down 17 percent from 2012's first quarter due to substantial declines in spine and orthopedic implant sales.
London-based Smith & Nephew announced first quarter revenue at $1.075 billion, down nearly 4 percent from $1.079 billion reported during the same period last year.
Thursday, 02 May 2013 11:52

NuVasive Gross Profits Up 4.9% in Q1

San Diego, Calif.-based NuVasive reported increased gross profits for the 2013 first quarter at $120.4 million, up 4.9 percent from the same period last year.
Carlsbad, Calif.-based Alphatec Spine reported a $32.7 million gross profit in the first quarter, up 2.9 percent from the $31.8 million gross profit during the same period last year.
Alpharetta, Ga.-based SANUWAVE Health's 2012 revenue of $762,214 was a decrease of 4 percent compared with 2011's total revenue, due in large part to lower sales in Europe of orthopedic, trauma and sports medicine devices.
Mazor Robotics’ fourth quarter revenue increased 40 percent to $2.7 million from $1.8 million during the same period a year ago, driven largely by demand for the Renaissance spine systems.
Wednesday, 06 March 2013 09:46

TranS1 Posts $12M 4Q Loss

TranS1 medical device company posted a net loss of $12 million for the fourth quarter of 2012, due in part to increased operating expenses from a government settlement.
Wednesday, 06 March 2013 08:40

15 Statistics on Orthopedics in ASCs

Here are 15 statistics on orthopedics in ambulatory surgery centers, based on data from the VMG 2011 Intellimarker Multispecialty ASC Survey.
Published in Practice Management
MAKO Surgical suffered a net loss of $5.7 million in the fourth quarter of 2012, and the company's revenue for the quarter declined 8 percent from $32.9 million in 2011 to $30.2 million in 2012 due to down device sales.
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