Spinal Tech

Aurora Spine has completed its private placement of common shares.

Boston-based Tegra Medical has named J. Mark King, former chief operating officer, as its new chief executive officer, according to a report in the Providence Journal.

Phillips Precision Medicraft named Stan Janosz as its director of continuous improvement to head up corporate performance improvement programs.

CMS released its final decision memorandum for percutaneous image-guided lumbar decompression for spinal stenosis and will allow coverage with evidence development.

NuVasive released its preliminary unaudited financial results this week for the full year of 2013 and anticipates earning $683 million in revenue.

Here are six key notes on major spine and orthopedic device companies.

The Food and Drug Administration granted 44 orthopedic and spine-related device clearances in December.

Arlington, Tenn.-based MicroPort Scientific recently acquired Wright Medical Group's OrthoRecon business and established its own MicroPort Orthopedics, now the sixth largest hip and knee reconstruction company in the world.

Mazor Robotics has signed an agreement with one of the largest group purchasing organizations for hospitals to provide members access to the Renaissance system and the company's portfolio of disposable products.

The market for medical device outsourcing and contract manufacturers as brand owners is expected to increase to more than $12 billion by 2018.