RTI Surgical (NSDQ:RTIX) said last week that it closed the $300 million acquisition of Paradigm Spine and its Coflex lumbar stenosis device. The cash-and-stock deal, originally announced last November, called for RTI to pay $100 million in cash and more than 10.7 million shares of its own stock worth $50 million, with the $150 million balance pegged to […]
RTI Surgical shareholders approve Paradigm Spine buy
RTI Surgical (NSDQ:RTIX) said yesterday that its shareholders approved its approximately $300 million acquisition of Paradigm Spine and its Coflex lumbar stenosis device. Alachua, Fla.-based RTI Surgical said that it expects the acquisition to close today. “We are pleased RTI’s shareholders have given their strong support for our acquisition of Paradigm Spine. With shareholder approval secured, we […]
RTI Surgical ticks up on swing to Q4 black
Shares in RTI Surgical (NSDQ:RTIX) ticked up today on the the medical device company’s report yesterday of a swing to black ink for the fourth quarter. Alachua, Fla.-based RTI posted profits of $2.1 million, or 3¢ per share, on sales of $71.2 million for the three months ended Dec. 31, 2018, compared with losses of […]
RTI Surgical wins coverage nod for Simmetry implant
RTI Surgical (NSDQ:RTIX) said today that non-profit healthcare organization HealthPartners issued a positive coverage decision covering the company’s minimally invasive sacroiliac joint fusion surgery using the Simmetry system, effective November 1. The Simmetry system is a minimally invasive surgical solution using decotrication technology, bone graft and threaded fixation to facilitate bone fusion and provide long-term pain […]
RTI Surgical puts $300m on the table for Paradigm Spine
RTI Surgical (NSDQ:RTIX) agreed to put $300 million on the table for Paradigm Spine and its Coflex lumbar stenosis device. The cash-and-stock deal calls for Alachua, Fla.-based RTI to pay $100 million in cash and more than 10.7 million shares of its own stock worth $50 million, with the $150 million balance pegged to unspecified milestones in […]
RTI Surgical ticks up on Q3 beats
RTI Surgical (NSDQ:RTIX) shares ticked up today after its third-quarter results beat the average forecast on Wall Street. Alachua, Fla.-based RTI Surgical posted profits of $2.9 million, or 4¢ per share, on sales of $69.1 million for the three months ended Sept. 30, for a bottom-line slide of -82.3% on sales growth of 3.6% compared […]
NinePoint Medical lifts Namati to the corner office | Personnel Moves – July 10, 2018
NinePoint Medical said earlier this month that it appointed Eman Namati as its new president and chief executive officer, succeeding Christopher von Jako who will remain on the company’s board of directors. Namati joined NinePoint Medical at its inception in 2010 as a technical co-founder, and operated as R&D VP for the past four years, […]
5 medtech stories we missed this week: July 6, 2018
From Zetta getting FDA clearance to Prescient Medical receiving CE Mark approval, here are five medtech stories we missed this week but thought were still worth mentioning. 1. Zetta wins FDA clearance for Zoom MRI software Zetta announced in a June 25 press release that its MRI software has received FDA 510(k) clearance. The software, known […]
RTI Surgical touts SImmetry sacroiliac joint fusion study
RTI Surgical (NSDQ:RTIX) today released results from a study of its SImmetry sacroiliac joint fusion system, touting that it produces effective joint fixation with a reduced range of motion in the SI joint. Results from the study were published in The Spine Journal, the Alachua, Fla.-based company said. In the study, researchers compared two minimally-invasive techniques […]
RTI Surgical swings to full-year profits on Street-beating Q4 numbers
RTI Surgical (NSDQ:RTIX) put black ink into the ledger for 2017 and pared its fourth-quarter losses. The Alachua, Fla.-based surgical implant maker today posted losses of -$8.6 million, or -14¢ per share, on sales of $70.8 million for the three months ended Dec. 31, 2017, paring its losses by -27.1% on flat sales growth compared […]
RTI Surgical buys Zyga Tech and its SImmetry sacroiliac fusion device, updates 2018 outlook
RTI Surgical (NSDQ:RTIX) yesterday announced an agreement to purchase Zyga Technology and its SImmetry sacroiliac joint fusion system and today released updated guidance for 2018 and beyond. The Alachua, Fla.-based RTI surgical said that Zyga Technology has approximately 30 employees and $4 million in annual revenue, and that it plans to fund the acquisition through a combination […]
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