Financial

2016: A Historic Year for VEXIM
Financial

2016: A Historic Year for VEXIM

March 22, 2017 02:00 AM Eastern Daylight Time TOULOUSE, France–(BUSINESS WIRE)–Regulatory News: VEXIM (Paris:ALVXM) (FR0011072602 – ALVXM), a medical device company specializing in the minimally invasive treatment of vertebral fractures, today announces its consolidated annual results (IFRS1) as of December 31st, 20162. « Our 2016 results represent a historic turning point […]

UnitedHealth Group Announces Extension of Exchange Offer to Acquire Surgical Care Affiliates, Inc.
Financial

UnitedHealth Group Announces Extension of Exchange Offer to Acquire Surgical Care Affiliates, Inc.

March 17, 2017 MINNETONKA, Minn.–(BUSINESS WIRE)–UnitedHealth Group Incorporated (NYSE: UNH) today announced that it has extended the expiration of its previously announced exchange offer for all of the outstanding shares of Surgical Care Affiliates, Inc. (NASDAQ: SCAI) (“SCA”), a leading ambulatory surgery center and surgical hospital provider. The exchange offer, […]

Medacta International Expands Relationship With OREF to Advance Orthopedic Research and Innovation
Financial Recon

Medacta International Expands Relationship With OREF to Advance Orthopedic Research and Innovation

March 16, 2017 CHICAGO–(BUSINESS WIRE)–Medacta International, the privately held, family-owned global leader in the design of innovative joint replacement and spine surgery products, today reaffirmed its partnership with the Orthopaedic Research and Education Foundation (OREF) to advance new frontiers of orthopedic discovery. Effective immediately, and building upon their work together […]

InVivo Therapeutics Reports 2016 Year-end Financial Results and Business Update
Financial

InVivo Therapeutics Reports 2016 Year-end Financial Results and Business Update

March 10, 2017 CAMBRIDGE, Mass.–(BUSINESS WIRE)–InVivo Therapeutics Holdings Corp. (NVIV) today reported financial results for the year ended December 31, 2016. Mark Perrin, InVivo’s CEO and Chairman, said, “2016 was a year marked by meaningful and significant progress. In 2016, we: received approval for converting the Neuro-Spinal Scaffold™ pilot study […]

No Bones About It, Bundled Payments Reduce Costs: Study Shows 20% Cost Reduction
Financial

No Bones About It, Bundled Payments Reduce Costs: Study Shows 20% Cost Reduction

By Remedy Partners – February 1, 2017 A significant study published in the JAMA Internal Medicine at the beginning of the year demonstrates how a health system effectively reduced episodic expenditures through bundled payments by 20 percent. Notwithstanding the rising national costs of joint replacements, Baptist Health System (BHS) saved $20 million over […]

Xtant™ Medical Reports Record Fourth Quarter Revenue of $24.5 million, 10% Growth Compared to Prior Year Period
Financial

Xtant™ Medical Reports Record Fourth Quarter Revenue of $24.5 million, 10% Growth Compared to Prior Year Period

March 09, 2017 Fourth Quarter 2016 Highlights: Consolidated total revenue increased 9.9% to a record $24.5 million compared to fourth quarter 2015 revenue of $22.3 million Consolidated gross profit increased 17.4% to $17.5 million compared to fourth quarter 2015 gross profit of $14.9 million Consolidated gross margins improved to 71.6%, […]

Vertiflex, Inc. Completes $40 Million Financing Round
Financial

Vertiflex, Inc. Completes $40 Million Financing Round

March 08, 2017 CARLSBAD, Calif.–(BUSINESS WIRE)–Vertiflex, Inc., a leading innovator of advanced, minimally invasive interventions for spinal stenosis, today announced completion of a $40M financing round. New investors, Endeavour Vision and H.I.G. BioHealth Partners led the financing alongside existing investors, New Enterprise Associates; Thomas, McNerney & Partners; and Alta Partners. […]

DJO Global Announces Financial Results for Fourth Quarter and Fiscal Year End 2016
Financial

DJO Global Announces Financial Results for Fourth Quarter and Fiscal Year End 2016

March 08, 2017 SAN DIEGO–(BUSINESS WIRE)–DJO Global, Inc. (“DJO” or the “Company”), a leading global provider of medical technologies designed to get and keep people moving, today announced financial results for its public reporting subsidiary, DJO Finance LLC (“DJOFL”), for the fourth quarter and fiscal year ended December 31, 2016. […]

Pacira Pharmaceuticals Announces Proposed Offering of $300 Million Aggregate Principal Amount of Convertible Senior Notes
Financial

Pacira Pharmaceuticals Announces Proposed Offering of $300 Million Aggregate Principal Amount of Convertible Senior Notes

PARSIPPANY, N.J., March 06, 2017 (GLOBE NEWSWIRE) — Pacira Pharmaceuticals, Inc. (Nasdaq:PCRX) today announced that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2022 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A […]

K2M Group Holdings, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results
Financial

K2M Group Holdings, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results

LEESBURG, Va., March 06, 2017 (GLOBE NEWSWIRE) — K2M Group Holdings, Inc. (Nasdaq:KTWO) (the “Company” or “K2M”), a global leader of complex spine and minimally invasive solutions focused on achieving three-dimensional Total Body BalanceTM, today reported financial results for the fourth quarter and fiscal year ended December 31, 2016. Fourth […]