Wright Medical stockholder John Thompson is suing the company to halt its proposed $4 billion acquisition by Stryker, according to a proposed class action filed Jan. 15 in Delaware federal court.
Spinal Tech
Spine developer Medicrea posted 2019 sales of $36.4 million, representing an 11 percent increase year-over-year.
Integra LifeSciences posted an estimated 3 percent revenue increase over the past year in a preliminary earnings report.
Here are 11 key notes on spine and orthopedic device companies:
During Omar Ishrak's nearly nine years as Medtronic CEO, he has been tasked with growing revenue in emerging markets, navigating value-based care and stabilizing the company's spine business, MedCity News reports.
Ohad Arazi was named CEO of Zebra Medical Vision, the deep-learning medical imaging analytics company that partnered with DePuy Synthes in December.
Spinal implant-maker Medicrea is soliciting U.S.-based strategic partners, which could lead to an acquisition or partnership.
RTI Surgical on Jan. 13 signed a definitive agreement to sell its OEM business to Montagu Private Equity in a $490 million deal.
OrthoSensor and McLaren Applied partnered to create EnMovi, a company that'll use wearable sensors and data analytics to improve patient care in orthopedics.
Robotics pioneer Intuitive Surgical is facing increased market competition as Johnson & Johnson, Medtronic and others gain traction through major mergers and acquisitions, S&P Global reports.
