Happy Trails to you until we meet again, Happy trails to you keep smiling onto then
Tuesday, April 3, 2012
Traumatic News
It was reported today that Biomet Incorporated has made a Jeff Binding offer to acquire the worldwide trauma business from DePuy Orthopedics. Under exclusivity terms, Biomet has offered approximately $280 million in cash. This is actually quite entertaining. Considering that the only good move Gordon Lightweight ever made at DePuy was acquiring Hand Innovation, what does DePuy Trauma have? But then again what does it say about Biomet's current product portfolio? Biomet's claim to fame in Trauma was introducing the first Recon Nail. Outside of that technology, what have they ever developed in Trauma. Their Small External Fixator sucked, granted they had a decent Tibial Nail. The trays always looked second rate next to Synthes and the instruments looked like they were manufactured in someone's garage. So now they intend on increasing market share by acquiring another lame duck portfolio. Gordo must be laughing.......suckers! TSB is sure that DePuy was looking to unload their dirty little secret as quickly as possible. Considering that this is a cash offer, it is highly unlikely that the FTC will hold up this deal. Looking at the DePuy portfolio leaves much to the imagination. A troch nail, distal and proximal plating systems that remind one of Howmedica, the question to Binder is, are you that desperate? Spend some money. Biomet was known as a cheap paying company when Dane Miller ran the show, and it continues to crawl with Binder. Hire some exceptionally talented engineers and work with sales and things will happen. But considering that this company is managed by the Great Vampire Squid, the Blackstone Group and Kravis, Kohlberg, Roberts & Company would anyone expect otherwise? Schwartzmann should know that cheap is expensive. Traumatic to say the least.
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International goals in mind here.
ReplyDeleteBiomet can't sell sheet! 2nd class distribution reps/moms! Better hope the docs is family if he is going to use the pathetic Depuy trauma line. Yahhhhhhhhhhooooooooooooo
ReplyDeleteStick to the format: "The Spine Blogger"
ReplyDeleteAgreed. Or change the title to "The Ortho Blogger"
DeleteStop behaving as though you have some say in what TSB does. You do not pay for a subscription. If you don' t like what's written, don't read the post.
ReplyDeleteMM wouldn't let this happen on his watch!
DeleteMaybe he's been kidnapped by Robin Young?
Maybe MM kidnapped the Oracle, aka the shill for the industry, LOL, aka Robin "the gadfly" Young
ReplyDeleteJNJ settles Texas lawsuit for plundering Medicaid - 158 Million
ReplyDeleteJNJ pays over 70 Million fines for bribery
JNJ sells off trauma unit to Biomet to avoid anti trust issues
Do the federal regulators see any issues with the Spine Distribution network that will now control both, Depuy and Synthes lines? Or will JNJ just wait and risk another fine?
if you look at it closer, its actually not as much Biomet seeking out Depuy's average trauma line as it is the government requiring Depuy to divest the trauma business unit in order for this deal to go through. It just so happens Biomet is the first bidder. Either way, its only up from here for Biomet
ReplyDeleteAnyone else seeing a rash of screw backouts with Zero-P? Does the "P" stand for "Purchase"?
ReplyDeleteNever seen one
Delete@11:38... did you tell your surgeon that you read on the spine blogger that "there was a rash of zero p screws backing out"? im sure you did, and thats pathetic. Zero-P created the stand alone market, and now look at all the me too products. conical locking screws dont back out of a plate if they are implanted correctly. Oh and which zero-p, because there are 3 different ones these days.
DeleteI have to say I wish there were more competition against zero-p. locking screws work period!
DeleteThe blind leading the blind...!
Delete11:38 you conveniently forgot Stalif, surely that created the stand alone market?
Remember, those who cannot remember the past are condemned to repeat it...Santayana
Trauma is 1st,,,Spine should follow after that to make the EU happy and keep the Synthes bandwagon moving forward.
ReplyDeleteIt's hard to argue spine divestment when the two companies combined are a fraction of the number 1 co.
ReplyDeleteNot so much the market share thats the concern, it's the fox watching the chicken coop scenario. Both companies have been sued and fined as of late for a multitude of sins, the most egregious leading to death.
DeleteJoke of the Day...
ReplyDeleteAnnouncing the Fourth Annual Spine Technology Awards to honor the best products, engineering teams, and inventors for 2012. The Spine Technology Awards program is accepting entries until August 31, 2012.
Presented by Orthopedics This Week and RRY Publications, the Spine Technology Awards are intended to bring increased recognition to exemplary and innovative spine surgery products and the engineering teams and inventors who create them.
G-LIF!
ReplyDeleteY-Wire! www.safe-wire.com This product rocks!! Simple but effective. They should has a TSB award via web only.
ReplyDeleteIt's a great idea but SpineArt has a K-Wireless MIS system. They talk about it at kwireless.org but do not show the system.
DeleteThis is truly groundbreaking, so they use the same screw but just leave out the K-wire!
DeleteThey have to patent that, don't they.
Spinefart is the most over enginered system on the market. You need to stop eating the shrooms out of cow shit and reconize biotch
DeleteThis comment has been removed by a blog administrator.
DeletePioneer Surgical came out with a k-wireless MIS system five years before Spineart in the US. It sucked as well.
ReplyDeleteYes, but everything pioneer makes sucks. SpineArts's system is simple and works great.
DeleteBEWARE - SpineArt salesman
DeleteYes, I sell for SpineArt. Let me ask a question. If given a choice of implants what would you put in your body?
DeleteA) an implant from a tray contaminated and sterilized dozens of times traveling the country on planes and delivery trucks.
B) a brand new sterile implant made in Geneva Switzerland that Is NEVER reprosessed and contained in a box bar-coded by part and lot number.
This is not a difficult decision. Your implant prices should be going down.....our industry sells used cars at new car prices. Sterile implants are better for hospitals and patients.
Interesting shift in your argument,
DeleteAre you comparing MIS devices or sterile single use product?
By the way did you ever get S***canned by Pioneer, cause it sure sounds like you did
Nope, never been fired and never sold Pioneer. I have nothing personal against the company, but their products are poorly engineered.
DeleteDepuy spines exciting new pay plan:
ReplyDelete60k + 4%
Or an attractive straight 8%!
Wonder how many Depuy spine reps are looking for a new job!