Spinal Tech

Hospitals across the country are making new capital purchases to expand the services and capabilities of their spine teams.

Here are four key notes on spine and orthopedic device companies:

The FDA has approved Zimmer Biomet's Synovasure Lateral Flow Test Kit — a device used to determine infection around a joint replacement in the lubricating fluid of patients being evaluated for revision surgery.

Exactech has expanded its reach in the foot and ankle market with the acquisition of medical device company EPIC Extremity.

Smart Medical Devices' SMARTdrill 6.0 is commercially available in the U.S. after being listed with the FDA.

NuVasive has been making headlines this year with significant revenue growth and device FDA approvals. The company is also amid a leadership shift for continued growth in the future.

Global biotechnology company Xtant Medical Holdings received approval from the New York Stock Exchange for its plan to regain compliance with the continued listing standards regarding stockholders' equity.

Pueblo, Colo.-based St. Mary-Corwin Medical Center installed the Stryker Mako System to assist in partial and total knee replacement procedures, The Pueblo Chieftain reports.

Cherry Creek (Colo.) High School student Krithik Ramesh, 16, created a spine surgery imaging platform that eliminates the need for fluoroscopy, The Denver Post reports.

Forbes released its list of the most powerful companies in healthcare, including several medical device companies. Among the companies focused on medical devices, the top four keep getting bigger.