• Stryker Reports First Quarter 2014 Results and 2014 Outlook

    Kalamazoo, Michigan – April 23, 2014 – Stryker Corporation (NYSE:SYK) reported operating results for the first quarter...

  • Exactech Q1 Revenue Up 7% to $63.3 Million; Net Income up 9% to $4.2 Million; Diluted EPS $0.30 vs. $0.29

    GAINESVILLE, Fla.–(BUSINESS WIRE)–Exactech, Inc. (Nasdaq: EXAC), a developer and producer of bone and joint restoration products for hip, knee, shoulder, spine and biologic materials, announced today revenue of $63.3 million for the first quarter of 2014, a 7% increase over $59.3 million in the first quarter of 2013. Net income was $4.2...

  • Cerapedics Announces Closing of Venture Debt Loan from GE Capital

    WESTMINSTER, Colo., April 14, 2014 /PRNewswire/ — Cerapedics, an orthobiologics company focused on developing and commercializing its proprietary synthetic small peptide (P-15) technology platform, today announced closing of a $9 millionventure debt financing from GE Capital, Healthcare Financial Services. The loan, which does not include equity or warrant coverage, will support general business operations for...

  • VC firm Split Rock moves away from healthcare deals

    Split Rock Partners to concentrate on software and Internet services investments. FORTUNE — Split Rock Partners is...

  • Smith & Nephew pays $12M to settle stockholder lawsuit ahead of ArthroCare buyout

    April 10, 2014 by Brad Perriello Smith & Nephew agrees to pay $12 million to settle a stockholder lawsuit filed to block its $1.7 billion buyout of ArthroCare. Smith & Nephew (FTSE:SN, NYSE:SNN) cleared 1 hurdle to its $1.7 billion acquisition of ArthroCare (NSDQ:ARTC) by agreeing to pay $12 million to settle a stockholder lawsuit seeking to...

  • Stryker shares hit new lifetime high

    April 7, 2014 by Arezu Sarvestani Stryker sets a new lifetime high-water mark with shares hitting $84.85 on Friday. MASSDEVICE ON CALL — Medtech titan Stryker (NYSE:SYK) hit a new lifetime high on Friday with shares rising to $84.85 apiece. The share spiked after a gradual incline over the course of Thursday, April 3, peaking in the...

  • Judge vacates $5M arbitration award in ex-reps’ suit against Masimo

    April 4, 2014 by Brad Perriello A federal judge vacates the $5 million arbitration award levied against Masimo in a wrongful termination lawsuit brought by 2 former sales reps, ruling that the arbitrator was biased against Masimo. Masimo (NSDQ:MASI) is off the hook for a $5 million arbitration award after a federal judge yesterday found the...

  • Biotech companies say medical-device excise tax painful

    Representatives from Pittsburgh businesses told a senior federal government official they’re concerned about the Medical Device Excise Tax...

  • Sorin Group acquires Oscor for $20 million

    Sorin Group (Milan) has acquired Oscor (Tampa, Florida), including a lead manufacturing facility in the Dominican Republic for an aggregate value of approximately $20 million. Oscor is an independent maker of cardiac leads and catheters. With more than 400 employees and manufacturing facilities in the U.S. and the Dominican Republic, Oscor sells...

  • Medical device maker Biomet files for IPO of up to $100 million

    (Reuters) – U.S. medical devices maker Biomet Inc filed with U.S. regulators on Friday to raise up...

  • Bruin Biometrics Raises $10 Million Round

    LOS ANGELES–(BUSINESS WIRE)–Bruin Biometrics, LLC (“BBI”), a medical device company with two biometric sensing products ready for market in Europe and the United States, announced it has closed a $10 million round of funding which was oversubscribed by almost $2.7 million. The funds will be deployed to market the developed products, complete...

  • Medtronic Reports Third Quarter Earnings

    Revenue of $4.2 Billion Grew 4% on a Constant Currency Basis; 3% as Reported Non-GAAP Diluted EPS of $0.91; GAAP Diluted EPS of $0.75 Free Cash Flow of $1.5 Billion; GAAP Cash Flow from Operations of $1.6 Billion Reiterates FY14 Revenue Outlook; Tightens FY14 Diluted EPS Guidance MINNEAPOLIS – Feb. 18, 2014 –...

  • Amedica Lowers IPO Price Range

    Amedica lowers the price range for its impending initial public offering, but boosts the number of shares...

  • Mazor Robotics to Report Fourth Quarter and Full Year 2013 Financial Results on February 25, 2014

    CAESAREA, Israel–(BUSINESS WIRE)– Mazor Robotics Ltd. (TASE:MZOR; NASDAQGM:MZOR), a developer of innovative guidance systems and complementary products, announced today that it will report financial results for the fourth quarter and year ended December 31, 2013, before the U.S. markets open on Tuesday, February 25, 2014. The company will host a conference call...

  • Symmetry Medical May Wind Down U.K. Manufacturing

    Symmetry Medical begins consultation on closing a U.K. facility that houses 40 employees. Indiana’s Symmetry Medical (NYSE:SMA) reported this week that it’s begun efforts to wind down operations at a Cheltenham, U.K. manufacturing plant, saying that it “initiated a consultation process” with the local employees. The facility houses about 40 workers, Symmetry said, and...

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