ReWalk Robotics (NSDQ:RWLK) shares took a hit today after the rehabilitation exoskeleton maker posted preliminary third-quarter sales that missed the mark on Wall Street, even as the company revealed plans for a $15 million public offering. The Yokneam, Israel-based company also registered a $14.8 million offering of stock and other securities. ReWalk said it expects […]
Invacare (NYSE:IVC) said yesterday that the former chairman & CEO who rescued the company from the doldrums in the 1980s, Malachi Mixon III, is pulling the trigger on the more than 700,000 convertible shares he controls. The 1-for-1 exchange will take Invacare’s voting power from 40,155,366 votes to 33,820,158 votes, the Elyria, Ohio-based company said. “The conversion […]
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 […]
Shares in ReWalk Robotics (NSDQ:RWLK) are off nearly 4% today after an analyst with Barclays downgraded the stock, citing “lack of tangible progress” and increased competition from other players in the robot-assisted rehabilitation market. Barclays analyst Matthew Taylor lowered the investment house’s rating on ReWalk from “equal weight” to “underweight” and cut his price target to […]
Zimmer Biomet (NYSE:ZBH) said today that it paid an unspecified amount for tele-rehabilitation provider RespondWell, which it plans to fold into its recently launched Signature Solutions business. RespondWell provides personalized, clinician-supervised post-surgical physical therapy programs for patients to complete at home after joint replacement surgery. “The new value-based reimbursement environment compels hospitals and providers to assume responsibility […]
MASSDEVICE ON CALL — New Facebook (NSDQ:FB) target Oculus VR may have some important offerings for the healthcare world, especially in imaging-based diagnostics and immersive rehabilitation therapy.
Germany may be about to get some new robots, courtesy of Cyberdyne Inc., a Japan-based robotics company developing mind-controlled exoskeletons for medical use, rescue support, manual labor and entertainment.
Parallels to the Terminator movies aside, the robotic technology has left a fairly hefty footprint in Japan in a short amount of time, suggesting a potentially similar market abroad.