Indiana device companies are looking for ways to absorb revenue reductions resulting from the 2.3 percent medical device excise tax since they will not be able to pass the costs on to hospital customers, according to the Indianapolis Business Journal.
Spinal Tech
Lewisville, Texas-based Orthofix International's gross profits dipped in the first quarter, down 17 percent from 2012's first quarter due to substantial declines in spine and orthopedic implant sales.
Farmingdale, N.Y.-based Misonix appointed Scott Ludecker as vice president of global sales and marketing.
Precision Spine has named Tony Dimun as special business development, merger and acquisitions adviser and a member of the company's board of directors.
Broomfield, Colo.-based Lanx spinal device company closed a $15 million Series C equity financing round.
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At the Becker's Hospital Review Annual Meeting in Chicago May 11, Bill Munley, vice president of orthopedics and professional services at Greenville, S.C.-based Bon Secours St. Francis Health System, described a model for clinical and financial success with orthopedic service…
MAKO Surgical reported revenue of $24.8 million in the first quarter of 2013, a 26 percent increase over the same period last year.
Globus Medical, based in Audubon, Pa., has launched the FORTIFY I, an expandable corpectomy spacer with integrated screws for further stability in addition to supplemental fixation.
King of Prussia, Pa.-based Trice Orthopedics has appointed Richard Washburn as President and raised $3 million in start-up capital.
Warsaw, Ind.-based Zimmer Holdings plans to cut jobs from its workforce, according to WISHTV.