Medtronic hires Walmart exec, Colfax splits into 2 companies and more: 6 device company notes

Carly Behm -   Print  |

Here are six updates from spine and orthopedic device companies over the past week:

1. Industrial equipment manufacturer Colfax Corp. plans to split its industrial and medical device businesses into two publicly traded companies. 

2. Bioventus appointed Larry Chen as managing director for the China and Asian Pacific region.

3. Medtronic has hired Walmart executive Greg Smith to lead its global operations and supply chain.

4. Spine device company Alphatec reported a net loss of $26.8 million in the fourth quarter, but saw U.S. revenue increase 38 percent year over year to $43.1 million.

5. Medtronic approved cash dividends for the fourth quarter of the 2021 fiscal year.

6. Spine device company NuVasive submitted its Pulse system and associated robotics application for approval in February. Read key details here.

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