Zimmer Biomet (NYSE:ZBH) today announced the launch of its Vitality+ and Vital spine fixation systems in the US following recent 510(k) clearance for pedicle preparation and screw insertion under power. The Vitality+ spinal fixation system is composed of a Vitality+ Power designed for controlled pedicle preparation and pedicle screw insertion, Vitality+ PSO designed for optimal pedicle […]
RTI Surgical
Relievant Medsystems taps ex-Cameron Health chief Hykes for CEO | Personnel Moves, Sept. 26, 2017
Relievant Medsystems said it named former Cameron Medical chief Kevin Hykes to be its new CEO, effective immediately. Hykes, who led Cameron Health to a $1.35 billion buyout in 2012 by Boston Scientific (NYSE:BSX), replaced Alex DiNello, who was named COO, Relievant said. Relievant makes the Intracept device for treating lower back pain. Hykes was most recently […]
RTI Surgical taps director for CFO, fills out roster | Personnel Moves, Sept. 19, 2017
RTI Surgical (NSDQ:RTIX) said yesterday that it’s tapping a board member to be CFO and adding a pair of medical device veterans to its executive roster. Alachua, Fla.-based RTI said it named director Jonathon Singer as its finance & administration chief effective Oct. 2, replacing Robert Jordheim. Singer, who resigned his board seat to accept […]
RTI Surgical slides Q2 earnings lowered outlook
Shares in RTI Surgical (NSDQ:RTIX) have fallen today after the medical device maker posted 2nd quarter earnings which met expectations on Wall Street, but provided lowered guidance for the rest of its fiscal year. The Alachua, Fla.-based company posted losses of $2.6 million, or 4¢ per share, on sales of $72.1 million for the 3 months […]
RTI Surgical deals cardiothoracic biz to A&E Medical for $60m
RTI Surgical (NSDQ:RTIX) said today it sold its cardiothoracic closure business to Vance Street Capital portfolio company A&E Advanced Closure systems for $60 million. Through the deal, RTI Surgical will receive an initial $54 million in cash with an additional $6 million in contingent cash consideration for its cardiothoracic closure business, which was part of its […]
RTI Surgical settles proxy war with Krensavage Partners
RTI Surgical (NSDQ:RTIX) said yesterday it settled a proxy challenge from Krensavage Partners, entering into an agreement which will increase the size of the board and added a nominee from the investor group. Mark Stolper will join the board as part of the settlement, the Alachua, Fla.-based company said. In addition, Krensavage, who owns approximately 7% of […]
RTI Surgical names new CEO, parts ways with CSO Hartill | Personnel Moves | January 31, 2017
RTI Surgical (NSDQ:RTIX) named Camille Farhat as its chief executive officer, effective March 15, 2017. Previously, Farhat served as president & CEO of American Medical Systems, Inc., where he helped facilitate Boston Scientific (NYSE:BSX)’s $1.65 billion acquisition of the men’s and prostate health businesses. He has also held leadership positions with Baxter (NYSE:BAX), Medtronic (NYSE:MDT) and General Electric (NYSE:GE). “Today […]
Zimmer Biomet elevates Delp to Americas prez | Personnel Moves | January 22, 2017
Zimmer Biomet (NYSE:ZBH) said this week it tapped Robert Delp as its new Americas president, lifting him from his previous position as VP of US sales. Delp will replace former Americas prez Stuart Kleopfer, who is retiring from the position but will continue to work with the company while Delp transitions into his position. The shift […]
Profound Medical moves Plymale to COO, taps ex-Novadaq CEO Menawat| Personnel Moves August 16, 2016
Profound Medical moves Plymale to COO, taps ex-Novadaq CEO Menawat Profound Medical said yesterday it is transitioning its current CEO Steven Plymale to the position of chief operating officer and picking up former Novadaq CEO Arun Menawat to take over the corner office. Menawat has held a position as a board member with Profound […]
RTI Surgical beats back proxy challenge
RTI Surgical (NSDQ:RTIX) said today that it beat back a proxy challenge from Krensavage Partners, after a preliminary count of shareholders’ votes showed that they elected RTI’s slate of directors. In February, RTI said that hedge fund Krensavage Partners purchased approximately 3.4 million shares of stock, for a 6% stake in the company, and nominated 4 healthcare vets for […]
RTI Surgical looks to fend off proxy challenge
Update: Corrected board member info to reflect current members and candidates. RTI Surgical (NSDQ:RTIX) said today it it is distributing proxy material urging shareholders to “protect their investment” in RTI and fend of a proxy challenge from Krensavage Partners. In February, RTI surgical said that hedge fund group Krensavage Partners purchased approximately 3.4 million shares of […]