Recon

IPG and Lima Corporate Partner to Support Value Based Care Delivery in the U.S.

February 24, 2017

ATLANTA–(BUSINESS WIRE)–

IPG, the industry-leading provider of Device Benefit Management solutions, today announced a partnership with Lima Corporate, a global medical device company providing reconstructive and fixation orthopaedic solutions. With a national footprint and focus on the commercial health care market, IPG enables high quality, cost effective surgical care and supports the delivery of value based care for high cost surgical procedures for their health plan clients. This partnership creates significant opportunities to improve surgical outcomes, while reducing overall healthcare costs.

“Lima Corporate is enthusiastic to initiate this collaboration with IPG as it represents a paradigm shift in the medical device market in the U.S. while maintaining access to state-of-the-art devices. Through this agreement, Lima is able to provide key technology, such as our Trabecular Titanium technology used in our hip and shoulder portfolio, which are the only 3D printed devices with 10-years of clinical follow-up,” said Luigi Ferrari, CEO of Lima Corporate.

By bringing transparency, contracting strategy, analytics and surgical expertise related to the delivery of device-intensive surgical procedures, IPG enables surgeons and facilities to successfully make value-based care delivery decisions that drive quality and affordability around surgical procedures through device selection and site of care optimization. As IPG continues to execute on its manufacturer partnership strategy with firms who strategically align with this objective, Lima was identified as an excellent fit.

“IPG is excited about the opportunity to work closely with Lima to bring their high-value technology to IPG’s health plan clients and patients,” said Vince Coppola, President & CEO of IPG. “This relationship will further expand our mission to bring high quality, cost effective surgical solutions to the U.S. healthcare market.”

As a participating manufacturer in IPG’s Device Benefit Management program, Lima will gain access to IPG’s expansive network of direct partnering facilities and surgeons. This agreement will provide greater access for IPG’s customers for high quality shoulder, hip and knee arthroplasty products. Lima has a strong international presence, and the partnership with IPG will enable Lima to significantly drive expansion of their products in the United States.

About Lima Corporate
Lima Corporate is a global medical device company providing reconstructive orthopaedic solutions to surgeons who face the challenges of improving the quality of life of their patients. Based in Italy, Lima Corporate is committed to the development of innovative products and procedures to enable surgeons to select ideal solution for every individual patient. Lima Corporate’s product range includes large joint revision and primary implants and complete extremities solutions including fixation. For additional information on the Company, please visit www.limacorporate.com.

About IPG
IPG is the leading provider of Device Benefit Management solutions, working with health plans, providers, surgical facilities and patients across the country to improve quality and reduce costs for surgical procedures through optimization of the most effective site of care and device selection, resulting in more affordable high-quality care to consumers. For more information about IPG, call us at 866.753.0046, or visit us on the web at www.ipg.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170224005056/en/

Kerala’s First 3D Knee ArmorCoat System total knee replacement surgery performs at VPS Lakeshore Hospital

Kochi, Kerala, February 13, 2017 /India PRwire/ — In a first in the state, doctors at VPS Lakeshore successfully performed 3D ArmorCoat System total knee replacement surgery on a 66-year-old patient, Radhamani Bhaskaran, a native of Chengannur in Alappuzha.

The surgery was performed by a medical team under Dr. Jacob Varghese and Dr. Bibin Theruvil. According to the doctors, 3D Knee ArmorCoat system increases the stability and comfort level and enables patients to walk and climb without any difficulty.

“The conventionally replaced knee normally last only for 15-18 years. It necessitates complicated, costly and risky revision surgeries in the patients who have undergone knee replacement surgeries at a younger age. ArmorCoat with Vitamin-E poly has been specially designed after taking this factor in consideration,” said Dr. Jacob Varghese.

The ArmorCoat 3D Knee is rated with Gold Standard, a rating created for 3D Knee, popularly known as GOLD ON GOLD Knee, a knee replacement system designed to improve strength, stability, and flexion in patients. According to the doctors, 3D Knee produced 57 per cent less wear in lab tests compared to the premium performing Direct Molded insert components.

Explaining on the knee surgeries, Dr. Bipin Theruvil said that the insert acts a substitute for the cartilage and meniscus, which was worn away due to arthritis. “The femur moves on top of the inserted component and supports the weight of the body. The insert, therefore, can be prone to wear, particularly in a more active person. The wear can happen due to impact on the insert as well as degradation due to exposure to oxygen. The primary cause of revision surgery is wear, which can be reduced by Vitamin-E poly,” he said.

The E-plus total knee replacement insert component was developed by the US-based DJO Surgical. “E-plus was the first total knee replacement material to be offered to patients in the U.S. with vitamin E blended into the insert component in July 2001,” said Dr. Paul D. Maitino, Joint Replacement Specialist, Surgical Hospital of Oklahoma, USA and one of the designers of the knee.

The medical team added that this knee provide the best in class knee replacement solution in high demanding and active lifestyle. “The Gold Standard knee has among the lowest simulated wear rates for a total knee replacement in the U.S. I am very excited to offer our patients the highest level of technology available to maximise benefits in longevity and performance when it comes to knee replacement surgery,” added Dr. Jacob Varghese.

Notes to Editor

VPS Lakeshore, one of the largest, most comprehensive, independent multi-specialty hospitals in Kerala is recognized as a leader in medical education, groundbreaking research, and innovative,patient-centered clinical care. The hospital has become the hospital of choice to patients’ worldwide providing emergency, primary, and specialty care in virtually every field of medicine.

The advanced hi-tech healthcare facility ushers in world class standards in healthcare and offers diverse medical specialties, including Multi Organ Transplantation, Gastroenterology, G.I Surgery, Medical, Surgical Oncology, Joint Replacement, Accident & Trauma Orthopedics, Sports Medicine, Neurology, Neurosurgery Surgery, Cardiology, Cardiovascular Surgery, Gynecology & more…

VPS Lakeshore was incorporated as a public limited company in 1996 and in January 2003 the hospital officially opened its doors to integrated healthcare. Over the years, the hospital has emerged as a centre of international healthcare excellence for patients in India & abroad through a broad range of advanced clinical programs and the most cutting-edge treatments and diagnostic services.

Consensus Orthopedics Names New President

Consensus Orthopedics, a global total joint orthopedics leader, announced today the promotion of Curt Wiedenhoefer to President of Consensus Orthopedics. Mr. Wiedenhoefer previously served as COI’s Executive Vice President of Global Sales & Marketing. He brings over two decades of experience in orthopedics and is widely respected in the industry. Mr. Wiedenhoefer, who has an extensive background in medical electronic devices, has been instrumental in heading a new product line that will be launching at AAOS in San Diego this March.

“Curt combines deep knowledge of our company and capabilities with strong relationships in this market,” said Chief Executive Officer Colleen Gray. “He leads a solid team that is helping drive our orthopedic business to record sales.”

Curt Wiedenhoefer said “I am extremely grateful for the trust our CEO, Colleen Gray, and our Board of Directors, is placing in me to assume this new position, and I am privileged to help lead the exceptionally talented men and women of Consensus. I look forward to continuing to build upon Consensus Orthopedics’ unique ‘family’ culture and the value proposition we provide to all of our customers around the world.”

About Consensus Orthopedics, Inc.
With over 20 years of orthopedic design and manufacturing experience, Consensus Orthopedics is committed to providing proven and reliable total joint implants and instruments to the global market. Located in Northern California, Consensus is a dynamic and high-quality USA manufacturer of hip and knee implants which have a solid reputation for performance and reliability. Together, through a focus on patient care and clinician relationships, we are dedicated to creating one team and providing exceptional outcomes. Learn more at http://www.consensusortho.com.

AAHKS Looks Forward to Working with New HHS Secretary, Dr. Tom Price

ROSEMONT, Ill., Feb. 10, 2017 /PRNewswire-USNewswire/ — Following the confirmation of Congressman Tom Price as the new Secretary of the United States Department of Health and Human Services (HHS), the American Association of Hip and Knee Surgeons (AAHKS) congratulates Dr. Price on being appointed to a position for which he is uniquely suited.

Dr. Price’s experience as a physician gives him a critically important perspective on the real-world impact of health policy including the importance of access, coverage, the doctor-patient relationship, clinical decision making and challenges of navigating a complex health care environment. “We have confidence that as a physician, he will seek to put patients first in his role as HHS Secretary,” said William A. Jiranek, AAHKS President.

Working with Dr. Price in his role as a Congressional leader, we found him always willing to listen and to express concern about the impact of government programs on patients. We look forward to continuing our work with the HHS agencies, especially the Centers for Medicare and Medicaid Services (CMS) now under the leadership of Dr. Price.

About the American Association of Hip and Knee Surgeons:
Established in 1991, the mission of AAHKS is to advance hip and knee patient care through education and advocacy. AAHKS has a membership of over 3,200 surgeons and other hip and knee health care professionals.

SOURCE American Association of Hip and Knee Surgeons (AAHKS)

Related Links

http://www.aahks.org

Smith & Nephew Directorate Change

Smith & Nephew plc (LSE:SN, NYSE:SNN), the global medical technology business, today  announces, in accordance with Listing Rule 9.6.11(2) R, that Brian Larcombe will retire as Senior Independent Director and Non-Executive Director at the conclusion of the Annual General Meeting on 6 April 2017.

Following the Annual General Meeting on 6 April 2017, and subject to his re-election as a Director of Smith & Nephew plc at the Annual General Meeting, Ian Barlow will be appointed as the Senior Independent Non-Executive Director, in place of Brian Larcombe.

On 1 March 2017, Ian Barlow will step down as Chairman of the Audit Committee and Robin Freestone will be appointed Chairman of the Audit Committee in his place.

Roberto Quarta, Chairman, said

“Brian Larcombe has served Smith & Nephew for many years, as our Senior Independent Director since 2014, and as a member of the Audit, Nomination & Governance and Remuneration Committees. We will miss his great wisdom and experience. On behalf of the whole Board I thank him for his service and wish him well for the future.”

Enquiries

Investors

Ingeborg Øie
Smith & Nephew

+44 (0) 20 7960 2285

Media

Charles Reynolds
Smith & Nephew

+44 (0) 20 7401 7646

Matthew Cole / Debbie Scott
FTI Consulting

+44 (0) 20 3727 1000

 

About Smith & Nephew

Smith & Nephew is a global medical technology business dedicated to helping healthcare professionals improve people’s lives. With leadership positions in Orthopaedic Reconstruction, Advanced Wound Management, Sports Medicine and Trauma & Extremities, Smith & Nephew has around 15,000 employees and a presence in more than 100 countries. Annual sales in 2015 were more than $4.6 billion. Smith & Nephew is a member of the FTSE100 (LSE:SN, NYSE:SNN).

For more information about Smith & Nephew, please visit our website www.smith-nephew.com, follow @SmithNephewplc on Twitter or visit SmithNephewplc on Facebook.com.

 

Forward-looking Statements

This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as “aim”, “plan”, “intend”, “anticipate”, “well-placed”, “believe”, “estimate”, “expect”, “target”, “consider” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith & Nephew, these factors include: economic and financial conditions in the markets we serve, especially those affecting health care providers, payers and customers; price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal compliance risks and related investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers; competition for qualified personnel; strategic actions, including acquisitions and dispositions, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organisation to adapt to market developments; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith & Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith & Nephew’s most recent annual report on Form 20-F, for a discussion of certain of these factors. Any forward-looking statement is based on information available to Smith & Nephew as of the date of the statement. All written or oral forward-looking statements attributable to Smith & Nephew are qualified by this caution. Smith & Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith & Nephew’s expectations.

 

◊  Trademark of Smith & Nephew.  Certain marks registered US Patent and Trademark Office. 

Medacta International Acquires Vivamed to Strengthen Presence in Austria

February 09, 2017

CASTEL SAN PIETRO, Switzerland–(BUSINESS WIRE)–Medacta International, the privately held, family-owned global designer of innovative joint replacement and spine surgery products, is proud to announce the acquisition of Austrian distributor Vivamed GmbH, effective 01 February 2017.

This acquisition aims to strengthen the company’s presence in Austria by facilitating future development and investments in this market while ensuring the continued delivery of high-level products and services that Medacta customers have come to expect. As part of the acquisition, Vivamed Chief Executive Officer and Co-founder Herbert Brandstätter will transition to Medacta Austria General Manager.

“Medacta’s growth, including expansion of the product portfolio in the areas of spine, shoulder and sports medicine, requires a substantial structural investment in the Austrian market,” said Alberto Siccardi, President and Founder of Medacta International. “We look forward to continuing our collaboration with Mr. Brandstätter, who will help us expand and strengthen our business in Austria.”

“After 15 years of close collaboration with Medacta International, Vivamed has become one of the main players in the Austrian joint replacement market,” said Herbert Brandstätter. “We have shared the pillars of Medacta’s mission and identity since the beginning of our partnership and are eager to join our talented teams.”

For more information about Medacta, please visit www.medacta.com.

About Medacta

Medacta® International is a world leading manufacturer of orthopedic implants, neurosurgical systems, and instrumentation. Medacta’s revolutionary approach and responsible innovation have resulted in standard of care breakthroughs in hip replacement with the AMIS®system and total knee replacement with MyKnee® patient matched technology. Over the last 10 years, Medacta has grown dramatically by taking a different approach and placing value on all aspects of the care experience from design to training to sustainability. Medacta is headquartered in Castel San Pietro, Switzerland, and operates in over 30 countries. To learn more about Medacta International, please visit www.medacta.com or follow @Medacta on Twitter.

Contacts

for Medacta International
Jill Bongiorni, 516-729-2250
Jill@torchcomllc.com

Kishwaukee Hospital Joint Center receives advanced certification

Published: Wednesday, Jan. 25, 2017

The Northwestern Medicine Kishwaukee Hospital Joint Center has earned The Joint Commission’s Gold Seal of Approval for Advanced Certification for Total Hip and Total Knee Replacement.

The advanced certification is for Joint Commission-accredited hospitals, critical access hospitals and ambulatory surgery centers seeking to elevate the quality, consistency and safety of their services and patient care. Kishwaukee Hospital Joint Center is the first in the state of Illinois to receive this recognition.

“We are pleased to receive the advanced certification from The Joint Commission, the premier health care quality improvement and accrediting body in the nation,” Dave Smith, joint care coordinator at Kishwaukee Hospital, said in a news release. “We look forward to improving patient safety and quality of care for the increasing number of patients undergoing total hip or total knee replacement surgery.”

The center underwent a rigorous onsite review in November 2016. Joint Commission experts evaluated compliance with advanced disease-specific care standards and total hip and total knee replacement requirements, including orthopedic consultation, and pre-operative, intraoperative and post-surgical orthopedic surgeon follow-up care.

Established in 2016 and awarded for a two-year period, the advanced certification was developed in response to the growing number of patients undergoing a total hip or total knee replacement surgery, as well as the increased focus on clinical evidence-based patient care as it relates to pain management, quality of life issues, functional limitation in mobility and the return to normal daily activities.

The Kishwaukee Hospital Joint Center has changed the joint replacement experience by using research-based best practices, providing a Joint Center coordinator to guide the process of a joint replacement, advanced training, pre-operative educational training, a personal coach, and a group emphasis both pre- and post-operative. These practices have led to better outcomes. Patients experience a one-day hospital stay, discharged directly to their home rather than a nursing facility, and are up and walking more than 300 feet the morning after surgery with the ability to once again fully extend their knee.

Stryker at GMU to train Middle East surgeons on hip replacements

UAE, Feb 6: US-based Stryker, a global orthopedic implants and medical equipment provider, visited Gulf Medical University (GMU) on February 4 to organize a workshop on advanced hip replacement surgery titled, ‘Hip Replacement: Primary and Revision Course’. More than 12 leading Middle Eastern surgeons participated in the workshop organized by leading international orthopedic surgeons, professor Michael Nogler from the Medical University of Innsbruck (Austria) and professor Mohammad Ghazavi from the Scarborough Hospital (Toronto, Canada).

Speaking about the workshop, professor Hossam Hamdy, chancellor, GMU, said, “We are delighted to work with Stryker to host this unique platform that provides an opportunity to fine-tune the knowledge and skills of medical professionals in the UAE and GCC countries. Gulf Medical University’s Surgical Training Center is equipped with the latest technology and has ten surgical platforms providing advanced surgical training in all the surgical specialties. Today’s training course is one of the top programmes offered and supervised by leading international orthopedic surgeons from Canada and Austria.”

The extensive workshop began with an exclusive demonstration on fresh frozen cadavers, with two professors showcasing innovative new surgery techniques that allow patients to experience lesser pain, quicker recovery and improved mobility. Meanwhile, the participating surgeons from the Middle Eastern hospitals were given an opportunity to interact with the surgical team and seek answers to their queries, as the surgeries progressed.

On selecting GMU as the venue to host the programme, VioletaVelef, marketing manager Middle East of Stryker said: “Our choice of GMU for this training programme is largely due to the high-end cadaver lab facility here, which is quite rare in the region. Many universities do not have cadavers for the students. We firmly believe that trainings provided in cadaver labs are the best way to teach surgical techniques. I want to thank Gulf Medical University for hosting us here. We have done several activities in association with GMU, in the past two years and all our guests have given excellent feedback on the facilities here. This is one of the reasons we always look forward to collaborating with the university.”

OrthAlign, Inc. Continues Impressive Worldwide Growth in 2016, Including Milestone Achievement 56,000th Joint Arthroplasty Case

ALISO VIEJO, CA–(Marketwired – January 31, 2017) – OrthAlign, Inc., a privately held U.S. based medical device company developing precision technologies for orthopedic surgeons, announced today that it grew sales by approximately 30% in 2016 versus 2015.

Additionally, as of December 31, 2016, OrthAlign technology achieved another major milestone by completing its 56,000th joint replacement case. This milestone reflects the continued rapid adoption of OrthAlign’s precision alignment and positioning technology by surgeons throughout the world.

OrthAlign technology provides a highly accurate handheld computer for surgeons to receive real-time data for precise alignment and positioning of components in total knee, unicondylar knee, and total hip (both posterior and anterior) arthroplasties. Over 15 peer-reviewed clinical studies have been published to date, validating OrthAlign’s accuracy and simplicity of use.

2016 Key Selected Highlights:

  • OrthAlign’s international business grew by 43% in 2016 versus 2015.
  • OrthAlign Plus® for use in cup placement of direct anterior approach total hip arthroplasties launched in the United States, successfully completing over 500 surgeries. On January 23, 2017, the US FDA 510k cleared the leg length and offset applications for the direct anterior approach. The entire system will be commercially available in the United States Q2 of 2017.
  • OrthAlign Plus for the posterior approach launched in Japan for use in total hip arthroplasty (cup placement, leg length, and joint offset) surgeries.
  • UniAlign® for use in partial knee replacement surgeries received FDA 510k clearance and limited user release commenced. The entire system will be commercially available worldwide as early as Q2 of 2017, based on local regulatory requirements.
  • OrthAlign’s Product Development team grew by over 50% in 2016.
  • OrthAlign announced a multi-country distribution agreement with Smith & Nephew, giving rights for distribution of KneeAlign® technology throughout 21 countries across Asia, India, Africa, the Middle East, Australia, and New Zealand.
  • Eric B. Timko, former President and Chief Executive Officer of Blue Belt Technologies, joined OrthAlign’s Board of Directors.

“OrthAlign’s 2016 sales performance reflects the continued recognition and growth of our unique technology in the global marketplace. In this day and age of bundled payments and the push for lower healthcare costs, the world is seeking a technology that has proven clinical results, is simple for surgeons to use, and is affordable,” said William E. Maya, OrthAlign’s Chief Executive Officer. “OrthAlign addresses each of these requirements and is poised for an even more successful 2017.”

OrthAlign will be showcasing its full portfolio of products, including the recently approved Direct Anterior HipAlign technology at this year’s AAOS meeting in San Diego, CA, March 15-18, 2017 at booth #5615.

About OrthAlign, Inc.

OrthAlign is a privately held medical device and technology company, committed to providing orthopedic surgeons with cutting edge, user-friendly, surgical navigation products for precise alignment and positioning. We believe that our technology will raise the standard of care in Joint Arthroplasty surgeries by making consistent and measurable results accessible and affordable to all surgeons, hospitals, and patients. Our strategy is to leverage this technology to provide simple and precision-driven solutions for a broad range of orthopedic procedures. For more information regarding OrthAlign, please visit www.orthalign.com.

ORTHALIGN®, ORTHALIGN PLUS®, KNEEALIGN®, KNEEALIGN® 2, HIPALIGN®, and UNIALIGN® are [registered] trademarks of OrthAlign, Inc.”

CONTACT INFORMATION

Ortho Sales Partners Adds Supply Chain and Logistics Executive to its Leadership Team

SCOTTSDALE, ARIZONA (PRWEB) JANUARY 27, 2017

Ortho Sales Partners, a professional consulting firm focused on assisting orthopedic and spine implant manufacturers in the commercialization of their products, announces the addition of Tony Passalacqua to their executive team, effective January 25, 2017. Mr. Passalacqua brings extensive experience to Ortho Sales Partners and will focus primarily on working with clients to optimize their sales operations by improving inventory management and utilization of costly instrument sets.

Mr. Passalacqua brings with him more than 27 years of supply chain and operational experience most recently serving as Vice President of Operations for an orthopedic distributorship that saw growth from approximately $20M to over $120M during his 10-year tenure. His primary responsibility was to create a scalable infrastructure, seamlessly on-board new product lines and categories, manage surgery schedules and recruit personnel to support an organization that was routinely participating in as many as 50 surgeries per day.

With a career that began in the United States Navy, Mr. Passalacqua earned his Bachelor of Science in Management from Arizona State University. He joined FedEx Ground where he led one of the largest and most profitable operations in the FedEx network. After 11 years at FedEx, Mr. Passalacqua joined Stryker Orthopaedics to transform the way they managed inventory in the field. He was responsible for facilities throughout the southwest including: California, Arizona, Nevada, Utah, Colorado and New Mexico.

“We are thrilled to have someone with Tony’s knowledge and experience join Ortho Sales Partners,” said Josh Sandberg. Co-Founder & General Manager. “Our mission is to help companies solve complex problems by leveraging our partners’ vast experiences and mitigate the risks associated with early market entry and commercialization. Tony will provide immense value to our clients and brings a skillset that few have in our industry.”

Regarding his new role, Mr. Passalacqua said: “It’s an honor to join an organization whose purpose and mission is to help people and companies grow their business. The unique challenges of the orthopedic industry and the ever changing landscape is an exciting problem to solve.”
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About Ortho Sales Partners – Ortho Sales Partners has created a unique platform to help companies in any stage commercialize their products in a very efficient way. We have worked closely with many organizations such as:

  • A surgeon with a product idea and limited financial wherewithal to properly execute a sales plan.
  • OUS companies looking to establish or enhance their presence in the United States.
  • Companies with recent FDA approval in need of a strategic sales plan validated against current market conditions.
  • Established companies looking for marketing horsepower to properly launch a new product.

Our services are geared to meet you where you are today and help your business grow by utilizing proven industry executives that bring you an objective analysis and recommendations going forward. Our market knowledge is based on current trends and competitive analysis rather than surgery volumes from over 4 years ago.

Ortho Sales Partners’ headquarters are in Scottsdale, Arizona but we have several offices across the US.
http://www.orthosalespartners.com