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 […]
DJO Global posts shrinking losses, growing sales in Q1
DJO Global saw losses shrink and sales rise as a result of internal efforts to transform its business and reduce costs, according to its first quarter earnings release. The privately held, San Diego-based medical device maker posted losses of $17.6 million on sales of $292.6 million for the three months ended March 31, seeing losses shrink […]
DJO Global swings to Q4 black on tax reform gain
DJO Global swung to black ink during the fourth quarter, thanks to a nearly $70 million gain from last year’s tax reforms, which also helped pare its full-year losses by some 88%. The privately held, San Diego-based medical device maker posted profits of $61.2 million on sales of $312.2 million for the three months ended […]
DJO Global to pay $8m to settle False Claims case
The U.S. Justice Dept. this week said that DJO Global agreed to pay more than $7.6 million to settle allegations that a former subsidiary submitted false claims to Tricare, the military’s health insurance arm. DJO, which wound down its Empi subsidiary in 2015, allegedly submitted claims to Tricare for “excessive, unnecessary” transcutaneous electrical nerve stimulation electrodes, the […]
DJO Global warns about potential breach of patient data
DJO Global said last Friday it notified certain customers to a possible breach of personal information after a set of patient product agreement forms were lost in transit. The San Diego, Calif.-based company said that it discovered the possible breach on September 25, 2017 which involved the “potential disclosure of certain personal information of individuals” who […]
DJO Global launches fresh fracture trial for bone growth stimulator
DJO Global said today that it plans to launch a clinical trial for a new indication of the company’s bone growth stimulator. The company’s subsidiary, Encore Medical, is seeking an investigational device exemption trial evaluating a fresh fracture indication for its combined magnetic field device. FDA-approved CMF devices are traditionally used with non-magnetic internal or external […]
DJO Global names new surgical prez | Personnel Moves – June 1, 2017
DJO Global said this week that it hired Jeffery McCaully as global president of its surgical business, effectively immediately. McCaulley succeeded Brady Shirley, who was named DJO’s president & CEO in November last year. McCaulley previously served as president & CEO of Smiths Medical, as well as president of Zimmer Biomet‘s (NYSE:ZBH) global reconstructive unit, where […]
DJO Global’s Q1 losses widen
Losses for DJO Global widened during the 1st quarter, despite sales growth of more than 3%, but adjusted earnings before interest, taxes, depreciation & amortization climbed 17% for the privately held medical device company. San Diego-based DJO’s losses grew 4.3% to -$40.0 million on sales growth of 3.4% to $288.4 million for the 3 months ended […]
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