Zimmer Biomet (NYSE:ZBH) said late yesterday its prez and CEO David Dvorak has resigned from his position at the head of the company, effective immediately, to be replaced on an interim basis by senior VP and CFO Daniel Florin until a permanent successor is named. The Warsaw, Ind.-based company said it is retaining “a leading executive search […]
Amendia rebrands under acquired company moniker Spinal Elements
Amendia said today it is rebranding under the moniker Spinal Elements, the name of a company it acquired in April this year. The Marietta, Ga.-based company said the change “reflect’s the company’s dedication to developing novel medical device technologies, biologics and instrumentation to create positive surgical outcomes,” according to a press release. “We know surgeons want […]
Amendia picks up Spinal Elements
Amendia said last Friday it acquired Carlsbad, Calif.-based spinal device developer Spinal Elements for an undisclosed amount. Spinal Elements produces the Ti-Bond porous titanium coating designed for orthopedic devices, and has upcoming launches planned for its Lucent XP expandable cage and Clutch interspinous device. “The acquisition of Spinal Elements brings a wealth of talent and a […]
Nestle poaches Fresenius CEO Schneider | Personnel Moves for July 1, 2016
Kohlberg picks up controlling stake in Amendia
Amendia said last week that private equity firm Kohlberg & Company inked a deal to snag a majority ownership in Amendia. Kohlberg & Company will support Amendia’s growth initiatives with its $1.6 billion private equity fund, the company said. “We are thrilled with our new partners and the resources they bring to the Amendia organization. […]
Amendia’s buying spree continues with Sinu-Lok licensing deal
Amendia is continuing its buying spree, saying today it purchased the rights to Sinu-Lok, a novel, minimally invasive rod implant replacement used in thoracolumbar spine surgery. The device was developed and patented by the Institute for Applied Neuroscience technology accelerator at Charleston, S.C.’s Medical University of South Carolina, according to Marietta, Ga.-based Amendia. “We are very […]
Amendia buys Custom Spine
Amendia said Tuesday it acquired New Jersey-based spinal technology company Custom Spine. Amendia did not disclose the details of the acquisition. Marietta, Ga.-based Amendia said the acquisition would further its focus on the spinal market and that Custom Spine’s Pathway articulating vertebral interbody technology was of specific interest to Amendia. “I’m looking forward to adding Custom […]
Amendia acquires SpineSelect assets
Amendia Inc. said yesterday that it acquired the minimally-invasive transforaminal lumbar interbody fusion system assets from SpineSelect. The system assets purchased by Amendia include 2 product families – the Marquise MIS channel system and the Turbo MIS TLIF system, the Marietta, Ga.-based company said. “The addition of SpineSelect’s MITLIF system allows Amendia to offer another superior […]
Medline nabs Amendia’s cervical spinal surgery tech in closed-doors deal
Illinois-based Medline Industries acquired key spine surgery technologies from Georgia-based Amendia, the companies announced this month.
Medline nabbed Amendia’s anterior cervical fusion distraction pin business, part of a market that Medline expects to grow more than 8% annually. The technologies are used in surgeries for removing problem disks in the neck area of the spine.
Boston Scientific’s CEO defends the troubled Guidant buyout | Wall Street Beat
Boston Scientific’s (NYSE:BSX) interim CEO Hank Kucheman still believes in the company’s ill-fated acquisition of Guidant Corp., a deal worth $26 billion that was followed by recalls, lawsuits and criminal charges.
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