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 […]
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 […]
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