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Archive for the ‘Financial News’

NuVasive Announces Additional Insurance Provider XLIF(R) Policy Reversal

March 03, 2010 By: admin Category: Financial News, News

nuvasiveLOGOPress Release Source: NuVasive, Inc. On Friday February 26, 2010, 4:00 pm EST
SAN DIEGO, Feb. 26 /PRNewswire-FirstCall/ — NuVasive, Inc. (Nasdaq:NUVA – News), a medical device company focused on developing products for minimally disruptive surgical treatments for the spine, announced today that United Healthcare changed its lumbar spinal fusion policy to include coverage for the eXtreme Lateral Interbody Fusion, or XLIF procedure, published on February 26, 2010, a reversal from its previous policy that labeled XLIF as unproven. Â (more…)

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Wright Medical Group, Inc. Reports Results for Fourth Quarter Ended December 31, 2009

February 19, 2010 By: admin Category: Financial News, News

ARLINGTON, Tenn.–(BUSINESS WIRE)–Wright Medical Group, Inc. (NASDAQ: WMGI – News), a global orthopaedic medical device company and a leading provider of surgical solutions for the foot and ankle market, today reported financial results for its fourth quarter ended December 31, 2009. (more…)

Synthes Reports 2009 Results with 9% Sales Growth and 13% Net Earnings Growth in local currency (6% and 12% in US$)

February 19, 2010 By: admin Category: Financial News, News

West Chester (PA), USA, February 17, 2010

Synthes (SIX: SYST.VX) announced today its Fourth Quarter and Full Year 2009 financial results.

Full Year 2009
Consolidated sales of US$ 3,394.7 million increased 6.3% (8.9% in local currency [LC]) vs. prior year (PY)
Net earnings of US$ 824.0 million (+12.6% in LC) exceeded sales growth
Operating expenses as a percentage of sales (in LC) decreased by 80 bps mainly due to ongoing productivity gains
Income tax rate decreased by 1.7 pps to 28.6% due to continued tax planning efforts
Free cash flow generation of US$ 737.6 million, was 48.8% higher (in LC) vs. PY, resulting in a record cash balance of US$ 1,419.2 million (63% growth vs. PY)
Fourth Quarter 2009 (more…)

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RTI Biologics Announces 2009 Year End, Fourth Quarter Results, Estimates 2010 Revenues and EPS

February 12, 2010 By: admin Category: Financial News, News

ALACHUA, Fla.–(BUSINESS WIRE)–RTI Biologics Inc. (RTI) (Nasdaq: RTIX – News), a leading processor of orthopedic and other biologic implants, reported operating results for the fourth quarter and full year ending Dec. 31, 2009. (more…)

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