Indiana device companies are looking for ways to absorb revenue reductions resulting from the 2.3 percent medical device excise tax since they will not be able to pass the costs on to hospital customers, according to the Indianapolis Business Journal.

Farmingdale, N.Y.-based Misonix appointed Scott Ludecker as vice president of global sales and marketing.

Leesburg, Va.-based K2M promoted Gianluca Iasci to serve as its executive vice president of global sales.

The First International PEEK Meeting will take place April 25 and 26 in Philadelphia, and medical device professionals will gather to share research and advancements in PEEK technology and clinical applications.

Device costs are a huge portion of surgical bills, and 60 percent of physicians say doctors have the most influence over device purchasing decisions currently, according to the "Deloitte 2013 Survey of U.S. Physicians: Physician perspectives about health care reform and the future of the medical profession."

Warsaw, Ind.-based Zimmer Holdings received letters of declination from the U.S. Department of Justice and Securities Exchange Commission, ending a five-year investigation into its marketing and sales practices outside of the country, according to Inside Medical Devices.

Karl Farnsworth, CPA, was named chief financial officer for Salt Lake City-based Amedica, a manufacturer of reconstructive spinal and medical devices.

TranS1 medical device company posted a net loss of $12 million for the fourth quarter of 2012, due in part to increased operating expenses from a government settlement.

Alachua, Fla.-based AxoGen appointed Shawn McCarrey as its senior vice president of sales.

Raleigh, N.C.-based medical device company TranS1 acquired Baxano, a medical manufacturer of the iO-Flex system for spinal decompression surgery, for approximately $23.6 million.