aap Implantate sold its biomaterials unit to an undisclosed private equity firm for 36MM (~US $40.3MM). Upon closing, aap will proceed as a pure-play trauma entity.
ORTHOWORLD Members of all stripes-providers, OEMs and suppliers-say that they've been impacted by complexities in the reimbursement system. One theme-that is not new, but a necessary reminder-is that the sooner a company includes reimbursement in their commercialization preparations, the better-armed they are for market entry.
The capital associated with instrument sets is significant and, to some companies, somewhat unknown once inventory enters the field. As orthopaedic companies seek to speed their service to hospital customers and cut waste from operations, a greater focus has been placed upon inventory management.
OrthoPediatrics entered into an exclusive partnership with SpineGuard for distribution of PediGuard® probes, as a complement to OrthoPediatrics’ RESPONSE™ implant and instrument system for pediatric spinal deformity cases.
Intellijoint Surgical entered into a strategic partnership with Corin for Australia distribution of the intellijoint HIP™, to complement Corin’s Optimized Positioning System™ technology.
Precision Spine launched its Reform Modular and HA-Coated Pedicle Screw systems. Further, the company noted that 2015 was the company’s 6th consecutive year of double-digit revenue growth.