With the recent investment by WCAS resulting in being the majority shareholder at K2M, this company has now reloaded for another offensive. Before WCAS gets itchy about potentially getting involved in the strategic development of this company, Major and his expedition team should be given the opportunity to ramp up their IP and continue to enhance their portfolio. If I may paraphrase the old expression, too many cooks in the kitchen can spoil the broth. WCAS should be a reputable guide providing exceptional business acumen as active board members. With the addition of WCAS and Ferrer Freeman, K2M is an example of what happens when you're willing to deal, unlike some of the smaller struggling early-growth stage companies that either cannot get out of their own way, or are their own worst enemies.
As TSB has stated on numerous occasions, there are deals to be had and mucho dineros sitting on the sidelines, the only caveat is that you have to have something and give something to get something in return. Unfortunately, some of the CEO's that run many of these early growth stage companies have ears of stone and ego's that compensate for their lack of manhood. So in closing, K2M is a "playa" to be reckoned with now and in the near future. With all the hoopla about Globus, somewhere, somehow K2M is making an attempt to climb the summit with the help of some savvy sherpas.
PS: That has to be the best advertisement and video that this industry has ever seen. If that ain't the Schizz, TSB doesn't know what is.
K2M's biggest weakness - biologics - as in 'what biologics'
ReplyDeleteMost of the distributorships working with K2M already have some "other" biologic offering. While this is a weakness for K2M, as one that carries the line, most really don't care. It's one less quota to meet.
ReplyDeleteEither way, $500MM can buy a lot of HA, B-TCP and ground-up dead people's bones if that's all that they are lacking.
ReplyDeleteIs K2M all distributors or do they have any direct reps?
ReplyDelete90 % sure all distributors at this time. I would think that some of their major large distributors will get area adjustments. To much exposure if they switch to another company.
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