Orthofix's investigation into its bone growth stimulation business has concluded, and the company will pay $43 million to fully resolve matters, both criminal and civil.

Connor Telles, MD, has joined the orthopedic team at Sierra Pacific Orthopedics in Fresno, Calif.

Wayne Cheng, MD, is a board-certified orthopedic surgeon with a subspecialty in spine. He is a fellow of the American Academy of Orthopaedic Surgeons and practices at Loma Linda University Orthopaedic Group in San Bernadino, Calif.

Medical device companies prepare for the 2.3 percent tax on device sales set to go into effect Jan. 1, according to St. Louis Biz Talk.

Solon, Ohio-based Thermedx is working to establish a national presence for its FDA-approved medical devices, and is in the process of securing $5 million of growth capital in the coming year, according to Med City News.

CPT codes and guidelines changed slightly for orthopedic-related procedures, according to AAOS Now.

Orthopedic device maker Stryker has planned to layoff 5 percent of its global workforce by the end of 2012, and efforts are on track for completion, according to Michigan Live.

Medical device manufacturer Wright Medical Group has agreed to purchase BioMimetic Therapeutics for up to $380 million, according to Memphis Business Journal.

Douglas Kohrs has retired as president, CEO and executive director of Tornier, a joint replacement and orthopedic device company with its U.S. headquarters in Edina, Minn., according to TwinCities Business.