DJO Global today released its 3rd quarter earnings, seeing losses pared down 87% while sales grew just over 3%. The San Diego, Calif.-based company posted losses of $22.5 million on sales of $287 million for the 3 months ended September 30. That equates to an 87.3% drop in losses while sales grew 3.2% compared with […]
DJO Global
Avedro taps Visiogen founder Zadno for CEO | Personnel Moves Sept. 9 2016
Avedro taps Visiogen founder Zadno for CEO Avedro said it named the founder, president of Abbott (NYSE:ABT) acquisition Visiogen, Reza Zadno, to be its new CEO. Zadno replaces CFO/COO Brian Roberts, the former CFO at Insulet (NSDQ:PODD), who stepped in on an interim basis when David Muller bowed out shortly after Avedro closed a $32 million […]
Former AcuFocus CEO Mazzo moves to head Ophthamology at Zeiss | Personnel Moves, July 28, 2016
Former AcuFocus CEO Mazzo moves to head Ophthamology at Zeiss Carl Zeiss Meditec (ETR:AFX) said this week it tapped ex-AcuFocus CEO James Mazzo as the global president of its ophthalmology business as well as managing the entire company’s U.S. sales and service center. Mazzo comes from a 3-year run as president and CEO at AcuFocus, where […]
DJO Global, ex-Stryker reps want poaching case tossed
DJO Global and a quintet of ex-Stryker (NYSE:SYK) sales reps want federal judge to toss Stryker’s lawsuit claiming that DJO and the reps gutted its Indiana sales territory and are looking to lure more of the former Stryker colleagues into leaving. The April suit in the U.S. District Court for New Jersey alleged that the scheme by DJO and […]
DJO sees losses continue to grow in Q1
DJO Global saw losses continue to grow in the 1st quarter even as revenue swelled, according to newly reported quarterly earnings. DJO Global reported losses of $38.1 million on sales of $278.9 million for the 3 months ended March 31, 2016. Losses grew 8.2% while total sales grew 12.7% compared with the same period in […]
Stryker blasts DJO Global, ex-reps in poaching lawsuit
Stryker (NYSE:SYK) this week blasted orthopedics rival DJO Global in a poaching lawsuit claiming that DJO and a quintet of ex-sales reps gutted its Indiana sales territory and are looking to lure more of the former Stryker colleagues into leaving. The lawsuit aims “to stop the targeted raiding of its employees by its direct competitor […]
Autonomic Technologies taps ex-Thoratec’s Pellegrini for CEO | Personnel Moves April 15, 2016
DJO Global, Zimmer-Biomet’s EBI finally escape bone-growth stimulator suit
It took 11 years, but DJO Global and Zimmer Biomet (NYSE:ZBH) subsidiary EBI finally escaped the civil side of a False Claims Act lawsuit yesterday alleging that they defrauded Medicare with the sale of bone-growth stimulators. The suit, filed in 2005 by the owner of a Missouri durable medical equipment billing services company named Jeffrey Bierman, alleged that a […]
Losses widen for DJO Global as it exits the Empi distributorship business
Fourth-quarter and full-year losses widened for DJO Global, as it completed the exit of its Empi orthopedic stimulation business. Losses were -$49.6 million for the 3 months ended Dec. 31, 2015, as sales grew 6.1% to $308.0 million compared with Q4 2014. Full-year losses rose 276.6% to -$340.9 million, on sales growth of 2.4% to […]
Ex-OrthoFix rep loses rehearing bid in appeals court loss
A federal appeals court declined to review its finding that a former Orthofix (NSDQ:OFIX) sales rep broke a non-disclosure agreement when he jumped ship for rival DonJoy Orthopedics (now DJO Global). The rep, Eric Hunter, worked for Orthofix for 12 years before joining DonJoy in 2012. According to the appeals court, Hunter and another Orthofix rep named […]
Appeals court: Ex-Orthofix rep broke non-disclosure pact
A former sales rep for Orthofix (NSDQ:OFIX) broke a non-disclosure agreement when he jumped ship for rival DonJoy Orthopedics (now DJO Global), a federal appeals court ruled yesterday. The rep, Eric Hunter, worked for Orthofix for 12 years before joining DonJoy in 2012. According to the appeals court, Hunter and another Orthofix rep named Bob Lemanski negotiated […]