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In its preliminary unaudited fourth quarter revenue report, lumbar spine device company TranS1 saw $4.1 million in revenue, a 3 percent increase from the fourth quarter of 2011.

Thomas Schuler, MD, chief executive and spine surgeon at the Virginia Spine Institute in Reston, performed a hybrid multi-level cervical artificial disc replacement with spinal fusion, one of the first in the country.

Hospitals and health systems are consolidating at a feverish pace, and this market transformation is gradually giving those organizations an unprecedented form of pricing power, according to an article from consulting firm Alvarez & Marsal.

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