HealthpointCapital Announces Appointment of Mike Mogul as Managing Director and the Raising of its New Fund Focused in the Musculoskeletal Sector

March 14, 2017 | Editor

HealthpointCapital, a private equity firm focused exclusively on the Musculoskeletal sector, announced that Mike Mogul, former CEO of DJO Global and Group President at Stryker Corporation will join the firm’s leadership team.

NovoSource Prepares to Liquidate Corporate Assets

March 13, 2017 | Blake Mossy

NovoSource is preparing to liquidate its corporate assets through a court-ordered auction in late spring 2017. This will include the company’s knee and hip replacement portfolios, which are for pain reduction and improved function in total knee arthroplasty.

Musculoskeletal News Roundup 9-March-17

March 9, 2017 | Blake Mossy

K2M Group reported 4Q:16 financial results. Total revenue was $61.8 million in 4Q:16, representing an increase of 14% compared to $54.2 million in 4Q:15. Adjusted EBITDA was $0.8 million in 4Q:16, decreasing from $1.3 million in 4Q:15. Gross margin for 4Q:16 decreased to 62.1% compared to 66.3% in 4Q:15.

Shoulder Options Plans to Divest its Proximal Humerus Plate Portfolio

March 8, 2017 | Blake Mossy

Shoulder Options is preparing to divest its proximal humerus plate portfolio, designed for the treatment of proximal humerus fractures, and for rotator cuff repair.

K2M to Acquire e-Fellow and Launches Implant and Services Platform, Balance ACS

March 7, 2017 | Blake Mossy

K2M entered into an agreement to acquire e-Fellow, a mobile software platform that aims to streamline the patient billing and care process.