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Credit Crunch Hits Devicemakers as Hospitals Reduce Spending

Some devicemakers are feeling the impact of the credit crunch more than others as cash-strapped hospitals cut back on projects and reduce their spending on capital equipment. “If hospital spending is down, many devicemakers are inevitably going to see a decrease in their earnings and revenue,” Lazard Capital Markets analyst Sean Lavin said.

Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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