Smith & Nephew plc has figuratively yanked the job-security bandage off 108 employees at its St. Petersburg, FL, wound-care plant. The company plans to close the factory and lay the workers off by January 9, according to a report in the ...
Tags: Job Cuts, Smith&Nephew, Health
Smith & Nephew plc (London) announced on February 3 the "execution of a definitive agreement" to acquire the U.S. medical device company ArthroCare Corp. (Austin, TX) for a cash price of $48.25 per ArthroCare share, a total of about $1.7 ...
Tags: Sports Medicine
ArthroCare Corp. of Austin, TX will pay $30 million to settle securities fraud-related charges with the U.S. Department of Justice, the DOJ recently announced. Federal prosecutors say shareholders lost more than $400 million in mid-2008 ...
Tags: Surgical Instruments, Arthrocare, Fraud Case Securities
ArthroCare, a US-based surgical devices, instruments, and implants manufacturer, has completed the purchase of ENTrigue Surgical, a privately held Delaware firm, in an all-cash deal of $45m. ENTrigue is involved in the designing and ...
Tags: Arthrocare, Entrigue Surgical
The US Food and Drug Administration (FDA) has approved ArthroCare's SpeedLock HIP Knotless Fixation implant for soft tissue fixation to bone in the hip. SpeedLock HIP, a polyether-etherketone (PEEK) implant, is designed to provide a ...
Tags: FDA, SpeedLock HIP, PEEK