Six things to know:
1. Total revenue was $151 million, according to an Oct. 30 news release.
2. Surgical revenue grew 30% year over year.
3. During the third quarter, there was a 19% increase year over year in new surgeon adoption.
4. Alphatec also reduced free cash use to $21 million.
5. Alphatec saw a net loss of $40 million.
6. The company expects full-year revenue to reach $605 million, a 25% increase year over year.
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.
