Medtronic, Aurora Spine’s financial results & more: 5 device company notes

Medtronic’s latest financial results and four more updates from device companies over the last week:

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1. Implant manufacturer Aurora Spine saw margins improve from 35 percent to 49 percent in the first quarter while revenue remained the same, compared to the first quarter of 2020. Read more here

2. Medtronic reported a strong fourth quarter of the 2021 fiscal year ending April 30, as elective procedure volumes rebounded after plunging during the pandemic. Read notes from the report and earnings call.

3. Medacta’s NextAR augmented reality surgical system received the European Union’s CE marking for spine surgery, as well as for shoulder and knee applications.

4. Paragon 28, an orthopedic device company, bought Additive Orthopaedics’ 3D-printed total talus replacement implant and pre-operative surgical planning application June 1.

5. OrthoPediatrics launched its Response Neuromuscular Scoliosis System. It’s the company’s 36th surgical system.

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 5 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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