No one can run when it finally comes down
Nobody knows what is stirring under ground
While the city tumbled down
The palace was in splinters
Theodore was leaving town
Livin' on the fault line.................................
No fellow bloggers, unfortunately TSB is not singing about the San Andreas fault line, and I am not talking about the sliding boundary between the Pacific Plate and the North American Plate. Rather than slice the state of California in two, we're talking about slicing Cardo Medical into one piece. On January 25th, 2011 Cardo Medical Incorporated, that bastion of technology and innovation, announced that they had signed an asset purchase agreement with Arthrex to sell its joint arthroplasty division. With the sale of this division and the capital received, Cardo will continue to explore alternatives for its spine division. Who is guiding this company, Lewis and Clark, Henson and Peary, Abbott and Costello? The question must be asked, "what spine division?" In the words of my sidekick Skippy Spine, WTF? If Vertebron couldn't make it with that scrap metal, what does Cardo expect to do? Inexperienced and delusional, this company is being navigated into treacherous waters and they don't hear the tsunami warning. Times must be bad at Cardo sensing that the fault line is ready to go when you expect a "me too" vanilla cervical plate, and a pedicle screw that has had more problems than a long stint at rehab with Charlie Sheen. The funny thing is, Charlie will probably rehabilitate himself faster than Cardo will ever do anything with that pedicle screw, and when that happens the escort industry will experience its first recession. But getting back to Cardo's pedicle screw, that rod reducer was nothing more than BS, and you know what they say, you can't make Beef Wellington out of BS.
So the question must be asked, Is this the next company to fall in spine? But then has this ever been a spine company or is this another surgeon's lame attempt at calling oneself an entrepreneur and innovator? Why would you sell your only valuable asset? Cardo's company slogan must be, "you've gotta believe." Hey, where's Tug McGraw when you need him? If and when this happens, you can chalk it up to another surgeon's champagne wishes and caviar dreams . God, it must be great to have money to piss into the wind, just watch for the recoil. So what's going on at Cardo when you sell your Uni-system, your TKA system and your Press Fit THA System? It's called selling your assets that have value in return for some cash because no one is interested in that dog of a pedicle screw and cervical plate. Mark Twain once said, "the rumors of my death have been greatly exaggerated," well fellow bloggers, this time it may be real.
Pegasus Biologics (RIP)
Facet Solutions (Acquired)
US Spine (Acquired)
Applied Spine (RIP)
Cardo Medical ?????
Yes fellow bloggers we have had a bit of consolidation in the spine , the question is who is next, which one of these one trick ponies awaits their fate? Will some of these companies be euthanized or......
Through early morning fog I see
Visions of the things to be
The pains that are withheld for me
I realize and I can see
That suicide is painless