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RTI Surgical

MedTech 100 roundup: Stocks tick back up to open July

July 6, 2020 By Sean Whooley

After a solid start to July, the medtech industry continues to experience a stock market roller coaster amid the COVID-19 pandemic. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 84.25 points at the end of last week (July 3). That total represents a 2.9% increase from […]

Filed Under: Business/Financial News, Featured, Legal News, MassDevice Earnings Roundup, Mergers & Acquisitions, Research & Development, Wall Street Beat Tagged With: Abbott, alexionpharmaceuticals, coronavirus, COVID-19, DeviceTalks, DeviceTalks Weekly, MedTech 100 Index, Novartis, RTI Surgical, Smith & Nephew, Stryker, tandemdiabetes, Wright Medical

RTI Surgical posts losses ahead of potential OEM business sale

July 1, 2020 By Sean Whooley

RTI Surgical (NSDQ:RTIX) shares dipped today on first-quarter results that fell short of the consensus forecast. The Deerfield, Ill.-based company posted losses of -$17.9 million, or -24¢ per share, on sales of $73.7 million for the three months ended March 31, 2020, for a 91% bottom-line slide on sales growth of 5.3%. Adjusted to exclude one-time […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Orthopedics, Spine, Surgical, Wall Street Beat Tagged With: RTI Surgical

RTI Surgical selling OEM business for $490m

January 14, 2020 By Sean Whooley

RTI Surgical (NSDQ:RTIX) announced that it entered into a definitive agreement to sell its original equipment manufacturing (OEM) business to Montagu Private Equity in a deal worth $490 million. The deal, which is expected to close in the first half of 2020, includes $480 million in cash from United Kingdom-based Montagu to RTI Surgical, plus certain […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Orthopedics, Spine, Surgical Tagged With: Montagu Private Equity, RTI Surgical

RTI Surgical shares rise on Q1 earnings beat

May 3, 2019 By Fink Densford

Shares in RTI Surgical (NSDQ:RTIX) are rising today after the medical device maker beat expectations on Wall street with its first quarter 2019 earnings release. The Deerfield, Ill.-based company posted losses of approximately $9.1 million, or 14¢ per share, on sales of $69.7 million for the three months ended March 31, seeing losses grow over 800% […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: RTI Surgical

RTI Surgical closes $300m Paradigm Spine buy

March 11, 2019 By Brad Perriello

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 […]

Filed Under: Featured, Mergers & Acquisitions, Orthopedics, Wall Street Beat Tagged With: Paradigm Spine, RTI Surgical

RTI Surgical shareholders approve Paradigm Spine buy

March 8, 2019 By Fink Densford

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 […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Wall Street Beat Tagged With: Paradigm Spine, RTI Surgical

RTI Surgical ticks up on swing to Q4 black

March 1, 2019 By Brad Perriello

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 […]

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: RTI Surgical

RTI Surgical wins coverage nod for Simmetry implant

November 19, 2018 By Fink Densford

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 […]

Filed Under: Business/Financial News, Spine Tagged With: RTI Surgical

RTI Surgical puts $300m on the table for Paradigm Spine

November 2, 2018 By Brad Perriello

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 […]

Filed Under: Featured, Mergers & Acquisitions, Orthopedics, Spine, Wall Street Beat Tagged With: Paradigm Spine, RTI Surgical

RTI Surgical ticks up on Q3 beats

November 1, 2018 By Brad Perriello

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 […]

Filed Under: Featured, MassDevice Earnings Roundup, Surgical, Wall Street Beat Tagged With: RTI Surgical

NinePoint Medical lifts Namati to the corner office | Personnel Moves – July 10, 2018

July 10, 2018 By Fink Densford

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, […]

Filed Under: Business/Financial News Tagged With: Alfred Mann Foundation, Bonesupport, Cutera Inc., Endologix, GE Healthcare, iRhythm Technologies Inc., Merit Medical Systems, NinePoint Medical Inc., Personnel Moves, RTI Surgical, SeaSpine, second-sight-medical, Titan Spine, Xtant Medical, Zimmer Biomet

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