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02/26/2015

3:00 p.m. Weigao Ortho filed a preliminary prospectus on the Hong Kong Stock Exchange in support of a reported $300MM IPO. The company is claimed to be China's largest orthopaedic implant company in the spine and trauma markets. (Sources: GlobalCapital.com, requires registration; HKEX Disclosure)
8:00 a.m. Alphatec Spine posted 4Q14 revenue of US $53.6MM, +4.5% from 4Q13, and 2014 revenue of $207.0MM, +2.5% from 2013. (2014 U.S. $137.1MM, +1.6%; ex-U.S. $69.9MM, +4.4%) Growth reflects constant currency. (Source: Alphatec Holdings, Inc.)

02/25/2015

4:30 p.m. Globus Medical entered into an agreement to acquire Branch Medical (BMG), manufacturer of high precision medical devices, for US $52.9MM in cash. BMG posted 2014 sales of $23.3MM. The transaction is expected to close by end of 1Q15. (Source: Globus Medical, Inc.)

In Memory of Biomet Founder, Dane Miller

February 12, 2015 | Comments (0)

Orthopaedics lost an industry stalwart this week with the passing of Dane A. Miller, Ph.D., one of four Biomet founders and CEO of the company from 1977 to 2006. He was 69.

Biomet was founded to compete in a market dominated by pharmaceutical companies with orthopaedic device divisions. Under Miller’s leadership, Biomet grew from $17,000 in revenue in 1978, its first fiscal year in operation, to more than $2 billion in 2006. Biomet has long been known for its family-like culture that was fostered by Miller even as the company grew to become of the largest in the industry.