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May 17-19 - 2012 AANA Annual Meeting
May 20-23 - Current Concepts in Joint Replacement Spring 2012
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Orthopedic and Dental Industry News
December 2003
Smith & Nephew (SNN:NYSE) held a trading update conference call on Thursday to provide an update on its performance during the 2H:03 – which at 16% orthopedic growth is in-line with the respective market. However, SNN's knee growth rate of... more
Biomet (BMET:NASDAQ) reported its 2Q:04 financials on Thursday. As a consequence of not reporting financials based on a calendar fiscal year, BMET is the earliest to report their quarter. Therefore, both analysts and orthopedic investors pay close attention to BMET... more
HealthpointCapital, the first private equity and research firm dedicated solely to the Orthopedics Industry, is pleased to announce that it has reached its first fund closing. The Fund has closed on $110 million and is expected to have closed or... more
To put Blackstone's accomplishment in perspective, Interpore Cross' spine implant sales are expected to end this year at $45 million, up 20% from last year's $36 million. At their current growth rate, Blackstone could overtake Interpore in 2004. Like Interpore,... more
Any volunteers for the audit committee? With roughly three quarters of cash left (assuming the current cash burn rate doesn't subside) and sizeable bank and litigation payments looming, management has decided to put a couple of savvy CFOs on its... more
...more metal cages. Our friends in high places at Medtronic tell us that Sofamor Danek is considered to be Medtronic's best acquisition-ever. A worthy competitor calls the boys in Memphis “the machine.” Indeed. No doubt Mike DeMane's “threat” to replace... more
Guidance to 2005? This is a famously conservative management, so to guide out to 2005 is cause to sit up and take notice. What's going on at Wright medical? Strong biologics and ceramic on ceramic hip components certainly. But, we... more
For the past three weeks the HealthpointCapital research staff has been preparing a detailed outlook for the Orthopedic Industry with special emphasis on Large Joint Reconstruction, Spinal Implants, Sports Medicine (including bracing) and Biologics. The result is our outlook for... more
Authorized number of shares popped to 100 million from 50 million. The issue is that with last week's sale of 8 million shares, the number outstanding rose to 44 million. Encore was running out of shares to issue. Believers in... more
Last week the staff for the Centers for Medicare and Medicaid Services (CMS) formally recommended an ICD-9-CM code for a total or partial spinal disc replacement prostheses. This is a key step to eventually receiving Medicare reimbursement for these devices.... more
Last Thursday, dj Orthopedics, Inc. (DJO) held a conference call to help investors wade through the new numbers from its acquisition of OrthoLogic's bone growth stimulation division. The deal is now signed, sealed and delivered. Bone growth stimulation products are... more
I may not be able to define it, but I know it when I see it. Seriously, NO trend in surgical medicine has been stronger than MIS. Twenty years ago balloon angioplasty – despite a nearly 80% failure rate –... more
Let the new offering of stock begin! Encore now joins Stryker and Wright Medical with a ceramic-on-ceramic acetabular component. For both of the prior companies, this longer lasting hip replacement has been a significant driver of both revenues and cash... more
Was anyone surprised? Since late 2000, Zimmer had an exclusive distribution alliance agreement with Implex. The agreement concerned Implex's unique metal foam (our word) that offered the surgeon a metal implant with a dramatically higher amount of porosity than traditional... more
Peter Drucker asked that question fifty years ago in his seminal book The Practice of Management. While his generic answer (“the only function of a business is to create customer value and to innovate.”) remains as valuable in 2004 as... more
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