Here are seven things for spinal surgeons to know for March 7, 2013.
St. Francis Launches Spine Institute of Connecticut.
St. Francis Hospital in Hartford, Conn., which performed more than 1,500 spine procedures during the fiscal year of 2012, is launching the Spine Institute of Connecticut.
TranS1 acquired Baxano.
Raleigh, N.C.-based TranS1 acquired Baxano, a medical manufacturer of the iO-Flex system for spinal decompression surgery, for approximately $23.6 million. The transaction should be complete in the second quarter of 2013.
NuVasive posted $2.7 million loss.
Spine device company NuVasive posted a $2.7 million loss in the fourth quarter of 2012, an improvement from the same time frame in 2011 when the company lost $10 million. NuVasive's fourth quarter revenue jumped more than 10 percent, from $150 million to $165.8 million.
Lanx launched anterior cervical spine system.
Broomfield, Colo.-based Lanx launched its ALTA Stand-Alone ACDF System for anterior cervical spine fusion.
TranS1 lost $12 million.
TranS1 medical device company posted a net loss of $12 million for the fourth quarter of 2012, due in part to increased operating expenses from a government settlement. The company lost $4.9 million during the same time period in 2011.
Medicare pay cut starts April 1.
Originally scheduled for March 1, the 2 percent Medicare pay cut for physicians related to the across-the-board budget cuts from the sequester won't begin until April 1. Healthcare industry leaders have condemned the cuts, and the sequester reductions could result in $11 billion in lost revenue to providers who accept Medicare.
Dr. Hongbo Liu Joins San Antonio Orthopaedic & Spine Institute.
Hongbo Liu, MD, orthopedic and spinal surgeon, joined the Orthopaedic & Spine Institute in San Antonio. Dr. Liu will also contribute to the new division of the Orthopaedic & Spine Institute, the Children's Orthopaedic and Spine Center.
More Articles on Spine:
5 Key Considerations for Adding Surgeons at Spine & Orthopedics Groups
6 Factors for Positive Employee Culture at Spine Groups
New Jersey Summit Medical Group Adds Two Neurosurgeons
St. Francis Hospital in Hartford, Conn., which performed more than 1,500 spine procedures during the fiscal year of 2012, is launching the Spine Institute of Connecticut.
TranS1 acquired Baxano.
Raleigh, N.C.-based TranS1 acquired Baxano, a medical manufacturer of the iO-Flex system for spinal decompression surgery, for approximately $23.6 million. The transaction should be complete in the second quarter of 2013.
NuVasive posted $2.7 million loss.
Spine device company NuVasive posted a $2.7 million loss in the fourth quarter of 2012, an improvement from the same time frame in 2011 when the company lost $10 million. NuVasive's fourth quarter revenue jumped more than 10 percent, from $150 million to $165.8 million.
Lanx launched anterior cervical spine system.
Broomfield, Colo.-based Lanx launched its ALTA Stand-Alone ACDF System for anterior cervical spine fusion.
TranS1 lost $12 million.
TranS1 medical device company posted a net loss of $12 million for the fourth quarter of 2012, due in part to increased operating expenses from a government settlement. The company lost $4.9 million during the same time period in 2011.
Medicare pay cut starts April 1.
Originally scheduled for March 1, the 2 percent Medicare pay cut for physicians related to the across-the-board budget cuts from the sequester won't begin until April 1. Healthcare industry leaders have condemned the cuts, and the sequester reductions could result in $11 billion in lost revenue to providers who accept Medicare.
Dr. Hongbo Liu Joins San Antonio Orthopaedic & Spine Institute.
Hongbo Liu, MD, orthopedic and spinal surgeon, joined the Orthopaedic & Spine Institute in San Antonio. Dr. Liu will also contribute to the new division of the Orthopaedic & Spine Institute, the Children's Orthopaedic and Spine Center.
More Articles on Spine:
5 Key Considerations for Adding Surgeons at Spine & Orthopedics Groups
6 Factors for Positive Employee Culture at Spine Groups
New Jersey Summit Medical Group Adds Two Neurosurgeons