Financial

Wright Medical 4Q Income Drops 86%

CEO Robert Palmisano feels results are stronger than expected and emphasizes growing foot and ankle business.
Wright Medical Group reported a tough 2011 with net income for fourth-quarter 2011 falling more than 86 percent to $1.2 million from $8.9 million for 4Q 2010. Net sales fell $126.9 million from $138.3 million for the previous year.  CEO Robert Palmisano, who joined the company last year, felt the results were stronger than expected and emphasized growing Wright’s foot and ankle business and running “a much more focused and efficient ortho-recon business.”  According to a more…

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Josh Sandberg

Josh Sandberg has been an executive search consultant focused exclusively on orthopedic and spine start-ups since 2004. He has had a tremendous impact in helping his clients avoid costly hiring mistakes by his deep industry knowledge and network. In 2010, Josh co-founded Ortho Spine Companies, which is the parent company of Ortho Spine Distributors (OSD), Surg.io and Ortho Sales Partners (OSP). OSD a searchable database that helps ease the frustration of finding orthopedic distributors throughout the country. Surg.io is the ultimate distributor toolkit that offers distributors the tools necessary to build the foundation of a scalable and highly functioning sales organization. OSP is an end-to-end solution that helps companies approach the Global Market in a cost efficient way. Our team has hundreds of years of experience and can help you navigate the many challenges present in bringing new technologies to the market.

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