Musculoskeletal News Roundup 23-March-17

March 23, 2017 | Blake Mossy

Alphatec reports earnings...Alphatec, Helius Medical Technologies, Invuity, Micro C, Merit Medical Systems, RadiAction Medical, Vertiflex funding updates...Integra LifeSciences, Sussex Wire acquisition updates...India's National Pharmaceutical Pricing Authority announces regulatory update...Lima Corporate, Medtronic collaboration updates...Bioventus, NuVasive, Spinal Elements, Spineway clinical updates...Safe Orthopaedics, Spinal Simplicity appointment updates

Alphatec Holdings Announces $18.9 Million Private Placement

March 23, 2017 | Editor

Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a provider of spinal fusion technologies, announced  that it has entered into a definitive securities purchase agreement to raise approximately $18.9 million in a private placement of common stock, Series A Convertible Preferred Stock and warrants exercisable for common stock.

Sussex Wire to Acquire Marox Corporation

March 22, 2017 | Blake Mossy

Sussex Wire entered into in an agreement to acquire Marox Corporation, a manufacturer in computer numeric control (CNC) precision machined orthopedic implants and instruments.  

Merit Medical Launches $125M Public Offering

March 20, 2017 | Blake Mossy

Merit Medical Systems commenced a public offering of shares of its common stock for $125.0 million.

Musculoskeletal News Roundup 17-March-17

March 17, 2017 | Blake Mossy

Active Implants, Moximed secures financing...NovoSource prepares to liquidate corporate assets...DJO Global. First Ray, Materialise, Medtronic, Spineology regulatory updates...Arthrosurface, Corin, DePuy Synthes, DJO Global, Ethicon, Integra LifeSciences, Paragon 28, Stryker, Zimmer Biomet product introductions and updates...Medovex receives renewed reimbursement...OMNILife Science, Spine Innovation clinical updates...BONESUPPORT, Implanet distribution updates...Amend Surgical intellectual property updates...HealthpointCapital appoints Mike Mogul as Managing Director

HealthpointCapital Announces Appointment of Mike Mogul as Managing Director and the Raising of its New Fund Focused in the Musculoskeletal Sector

March 14, 2017 | Editor

HealthpointCapital, a private equity firm focused exclusively on the Musculoskeletal sector, announced that Mike Mogul, former CEO of DJO Global and Group President at Stryker Corporation will join the firm’s leadership team.

NovoSource Prepares to Liquidate Corporate Assets

March 13, 2017 | Blake Mossy

NovoSource is preparing to liquidate its corporate assets through a court-ordered auction in late spring 2017. This will include the company’s knee and hip replacement portfolios, which are for pain reduction and improved function in total knee arthroplasty.

Musculoskeletal News Roundup 9-March-17

March 9, 2017 | Blake Mossy

K2M Group reported 4Q:16 financial results. Total revenue was $61.8 million in 4Q:16, representing an increase of 14% compared to $54.2 million in 4Q:15. Adjusted EBITDA was $0.8 million in 4Q:16, decreasing from $1.3 million in 4Q:15. Gross margin for 4Q:16 decreased to 62.1% compared to 66.3% in 4Q:15.

Shoulder Options Plans to Divest its Proximal Humerus Plate Portfolio

March 8, 2017 | Blake Mossy

Shoulder Options is preparing to divest its proximal humerus plate portfolio, designed for the treatment of proximal humerus fractures, and for rotator cuff repair.

K2M to Acquire e-Fellow and Launches Implant and Services Platform, Balance ACS

March 7, 2017 | Blake Mossy

K2M entered into an agreement to acquire e-Fellow, a mobile software platform that aims to streamline the patient billing and care process.