The medical device industry marched on this week — with a major multibillion-dollar M&A deal closing even as worries mount over the COVID-19 pandemic, global recession, and the aftermath of the U.S. presidential election. That was a big takeaway from this week’s top news on MassDevice. Want to hear more about the week’s top news? […]
DJO Global
Stryker closes Wright Medical buy, sells some businesses to DJO
Stryker (NYSE:SYK) announced that it has closed the purchase of Wright Medical (NSDQ:WMGI) and sold some of its arthroplasty systems to DJO. Kalamazoo, Mich.-based Stryker announced last week that it planned to complete the $4.7 billion tender offer at its expiration, which was scheduled for 5 p.m. ET on Nov. 10, 2020. That news followed U.S. Federal […]
BREAKING: Stryker clears U.S. regulatory hurdle to buy Wright Medical
The Federal Trade Commission announced today that it plans to allow Stryker (NYSE:SYK) to proceed with its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI), provided that Stryker divest certain assets to Colfax (NYSE:CFX)/DJO Global. Stryker had proposed selling assets to DJO Global about two months ago as a way to allay FTC concerns that the deal would […]
DJO launches a more bone-sparing shoulder system
Colfax (NYSE:CFX) subsidiary DJO announced today that it launched its AltiVate anatomic CS Edge shoulder system. DJO’s AltiVate shoulder system is designed to provide a more bone-sparing solution that is less invasive than traditional shoulder stem offerings, according to a news release. The company designed AltiVate anatomic CS Edge based off of a humeral fit analysis […]
Stryker may sell certain assets to enable Wright Medical purchase
Stryker (NYSE:SYK) has proposed a plan to divest certain assets to Colfax (NYSE:CFX)/DJO Global in an effort to complete its acquisition of Wright Medical (NSDQ:WMGI). Kalamazoo, Mich.-based Stryker’s proposed divestitures of its STAR total ankle replacement product, plus related assets, and its finger joint replacement products, is in connection with the Federal Trade Commission’s review of the ongoing effort […]
DJO launches two new Empowr orthopedic systems
DJO this week said it has launched its new Empowr Acetabular and Empowr Partial Knee systems. Both systems give surgeons a comprehensive and efficient solution for all total hip arthroplasty and unicompartmental knee arthroplasty approaches and settings, according to the company. “We are building on the proven success, deep clinical research, and differentiated design technologies […]
The 10 largest orthopedic device companies in the world
Robot-assisted surgery continues to generate headlines in the orthopedics space. But there is so much more going on among the world’s largest orthopedic device companies. Go to our sister site Medical Design & Outsourcing and discover what’s new among the 10 largest companies in the medical device industry’s ortho sector. Next>> Note: Medical Design […]
10 orthopedic products from AAOS 2019 you need to know
The American Academy of Orthopaedic Surgeons (AAOS) annual meeting in Las Vegas is abuzz about robotics, according to industry analysts from SVB Leerink. While the SVB Leerink analysts termed Stryker’s (NYSE:SYK) Mako platform “best-in-class,” it’s an expanding category. Other major orthopedics companies are using this week’s AAOS meeting to introduce new offerings or tout updates to existing […]
Colfax slides on $3.2B DJO Global buy, plan to ditch air & gas handling biz
Colfax (NYSE:CFX) shares took a hit today after the industrial giant offered $3.15 billion to acquire orthopedics company DJO Global and said it plans to sell off its air & gas handling business. Vista, Calif.-based DJO, which is owned by a private equity consortium headed up by Blackstone, last week posted losses of -$29.5 million on sales of […]
Losses widen in Q3 for DJO Global
DJO Global‘s third-quarter losses widened on low-single-digit sales growth as the orthopedics company nears the end of a second year of restructuring. San Diego-based DJO, which is privately held, posted losses of -$29.5 million on sales of $294.1 million for the three months ended Sept. 29, marking a red ink expansion of 30.0% on sales […]
DJO Global sees losses shrink, sales grow in Q2
DJO Global today posted second quarter earnings that saw losses continue to shrink and sales continue to grow. The privately held San Diego-based medical device maker posted losses of $13.7 million on sales of $304.8 million for the three months ended June 30, seeing losses shrink a massive 60.2% while sales grew 3.4% compared with the […]
