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
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 […]
Report: Looming NAFTA reforms, new border taxes threaten Mexican & US med device biz
The Trump administration’s threats to alter trade deals and add taxes to imports could affect a booming medical device business in Mexico, which imports a significant amount of products to the US, according to a New York Times report. The US imports approximately 30% of its medical devices and supplies and new taxes on imports […]
Judge moves Stryker-DJO Global poaching case to Indiana
A federal judge in New Jersey yesterday transferred a sales rep poaching case between DJO Global and Stryker (NYSE:SYK) to Indiana because the quintet of ex-Stryker sales reps involved live there and most of the events in th case occurred in the Hoosier State. The lawsuit, originally filed in April 2016 in the U.S. District Court for New Jersey, alleged a scheme […]
DJO Global wins FDA 510(k) for Exprt revision hip portfolio
DJO Global said today it won FDA 510(k) clearance for its Exprt revision hip portfolio. The newly cleared Exprt devices feature anatomically inspired designs with a focus on efficiency and strength, according to the San Diego, Calif.-based company. DJO Global also touted the system as 40-70% of the price of comparable systems. “Having a thoughtful approach […]
DJO Global launches AltiVate anatomic shoulder system
DJO Global said today it launched its AltiVate anatomic shoulder system. The San Diego, Calif.-based company said its newly launched shoulder system features a short, bone sparing humeral stem anatomically designed through morphologically-based fit analysis meant to optimize metaphyseal fit and stability. “The release of this new system strengthens our upper extremity portfolio, which is already […]
DJO Global earnings sees Q4 losses grow while full year 2016 losses shrink
DJO Global today released its 4th quarter and full fiscal year 2016 earnings today, with losses growing for the quarter, but down compared to the previous year The San Diego, Calif.-based company posted losses of $202 million on sales of $296.5 million for the 3 months ended Dec. 31, seeing sales shrink 3.7% while losses […]