1. The Job Market
The summer downturn is over and job prospects have picked up again. We typically expect a spike in the job market with holidays taken over summer and the September ‘new start’ mentality ingrained into us from childhood.
In medical technology, I’ve noticed that surgical roles in particular have spiked as well as entry level roles across the board (so if you know someone wanting to break into medical sales then let me know!)
2. Orthopaedic Company Merger/ Buyout Of Recent Times For Me
Globus Medical a leading musculoskeletal implant manufacturer recently announced its acquisition of Alphatec’s international business. Looks like Globus Medical should expect to enjoy in excess of the $71 million generated by Alphatec’s international sales channels by the end of 2015.
The purchase cost Globus Medical roughly $80 million in cash. Globus Medical also agreed to extend their 5-year senior secured credit facility for Alphatec to back their working capital circumstances. The acquisition is expected to finalise by October 2016.
3. A 3D Printing Revolution
The British Association for Surgery of the Knee have recognised that the 3D printing revolution has come to post-traumatic deformity. A team at Imperial College have come up with an all-in-one solution for the surgeon who sees post-traumatic deformity and secondary arthrosis by combining the planning stages for high tibial osteotomy and for knee replacement. From a CT scan they can then pull cutting guidelines that ensure both the arthroplasty and the osteotomy are performed match precisely, resulting in a straight limb. It’s already allowed eight people to avoid Total Knee Arthroplasty.
What orthopaedic technology or healthcare news would you like to share with us? Share them in the comments below!
Simon Broadway, Senior Orthopaedic Consultant at Projectus