Here are five points:
1. Alphatec’s fourth quarter 2017 revenue is expected to be between $25.9 million and $26.3 million.
2. The fourth quarter 2017 U.S. commercial revenue will likely land between $20.8 million and $21 million.
3. Full-year 2017 revenue will likely reach around $101.4 million to $101.8 million, with U.S. commercial revenue hitting between $86.8 million and $87 million.
4. Alphatec ended 2017 with a case balance of $22.5 million.
5. In December, the company made $4 million in cash proceeds via financial commitments from Patrick Miles and Quentin Blackford.
The company also unveiled new executive leaders:
• Lance DeNardin as area vice president, West
• Michael Dendinger as VP of operations
• Scott Lish as VP of Development
More articles on devices:
Medtronic, DePuy Synthes & more: 8 device company mergers, acquisitions & agreements
DJO Global reports patient information breach at Las Vegas hospital: 5 things to know
NuVasive’s US procedure volumes stay slow in 2017, international revenue up: 5 things to know
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
