Here are eight things for spinal surgeons to know for Dec. 7, 2017.
Mazor Robotics CEO under investigation for insider trading
Mazor Robotics CEO Ori Hadomi is under investigation by the Israel Securities Authority following its latest agreement with Medtronic, according to Calcalist. Since Mazor Robotics entered partnerships with Medtronic, it stock has risen 130 percent. This led the Israel Securities Authorities to raid senior executives' offices after learning information regarding the deal was leaked before the public announcement. Read more, here.
Smith & Nephew acquires Rotation Medical for $210M
Smith & Nephew completed the acquisition of tissue regeneration developer Rotation Medical for $210 million. The acquisition costs include $125 million upfront and up to an additional $85 million over the next five years, which is contingent on financial performance. Rotation Medical is the developer of an innovative tissue regeneration technology for shoulder rotator cuff repair.
Police take down gunman who opened fire at California hospital
A man was shot by police Friday after he opened fire at Bakersfield (Calif.) Heart Hospital, according to CNN. Police said the suspect, who was later identified as 44-year-old Brandon Clark, first fired several shots into a glass door at the rear of the hospital. He then entered the facility with a handgun and an assault rifle, according to the report. Inside the hospital, Mr. Clark encountered a security officer, but no shots were fired. Shortly thereafter, Mr. Clark exited the hospital and was shot by police. Read more, here.
Tiger Woods returns after 4th spine surgery — Will Dr. Richard Guyer's efforts keep the pain at bay?
Richard Guyer, MD, of Plano-based Texas Back Institute, performed anterior lumbar interbody fusion on Tiger Woods in April. The surgery allowed the golf legend to re-enter the sports scene Nov. 30 for his first tournament in 10 months, according to SportsDay. Dr. Guyer performed the minimally invasive fusion at L5/S1, removing a damaged disc from Mr. Woods' spine.
VA illegally hires neurosurgeon with revoked license, malpractice claims
Although neurosurgeon John Schneider, MD, had his medical license revoked in 2012, the Department of Veterans Affairs hospital in Iowa City hired him illegally, according to a USA Today investigation. Federal laws prohibit the VA from hiring physicians who have had their license revoked by a state board, even if the physician still holds a license in another state. Read more about the case, here.
Exactech receives $737M offer from TPG Capital to purchase the company
TPG Capital offered Exactech $737 million to buy the medical device company, an increase to its initial offer in October, according to Reuters. The $49.25 per share offer from TPG Capital is a 17.3 percent increase to its $42 per share offer in October. Exactech's board agreed to the amended terms and expects to close the all-cash deal during the first quarter of 2018.
NYU Langone unveils ambulatory care center in Brooklyn
NYU Langone Health opened a new ambulatory care center, NYU Langone Ambulatory Care Bay Ridge., in Brooklyn, N.Y. The ambulatory center is now accepting orthopedic patients. Surgeons specialize in hand and wrist surgery; hip and knee reconstruction; spine surgery; sports medicine; trauma surgery and pain medicine.
MGMA: Non-academic hospital system physicians make up to $123k more than academic equals
Medical Group Management Association analyzed physician compensation in academic and non-academic settings in its "2017 MGMA DataDive Physician Compensation and Production Survey." The survey revealed non-academic hospital system physicians earned about $123,000 more than their academic counterparts. Specialty non-academic hospital system physicians rake in $122,795 more than full-time clinical academic system physicians.