Five things to know:
1. Year-over-year growth in the fourth quarter was 7.1 percent and 21.4 percent for all of 2021.
2. The musculoskeletal solutions segment saw $224.6 million in fourth-quarter sales, up 4.3 percent from the same time last year.
3. Enabling technologies saw $25.4 million in sales, up 40.4 percent year over year.
4. Net income for the fourth quarter was $15.1 million. For the full year, Globus Medical saw a net income of $149.2 million.
5. ExcelsiusGPS sales is a primary factor driving growth in enabling technologies, Dave Demski, president and CEO of Globus Medical, said in a news release.
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.
