Wright Medical Forecasts Economic Impact; Shares Plunge
The News Review:
- Wright Medical Forecasts Economic Impact; Shares Plunge
- Fresenius Medical Fourth-Quarter Net Rises 8.6%
- Fairfax Medical Center to sell for $13.2M
- Utah’s Merit Medical acquires North Carolina stent maker
Wright Medical Forecasts Economic Impact; Shares Plunge
CNNMoney.com -
(WMGI) joined larger orthopedics companies onThursday by lowering expectations because of a tougher economic environment fororthopedic surgical procedures in 2009 sending its shares into an after-hoursnosedive. The company sliced sales and earnings guidance previously issued in Decemberafter announcing fourth-quarter results – which didn’t reflect much economictrouble. The lowered earnings outlook also covered increased spending oncorporate compliance programs related to how the company works with surgeonswhich has been a big issue in the orthopedics sector. Shares of the Arlington Tenn.
Fresenius Medical Fourth-Quarter Net Rises 8.6%
Bloomberg -
19 (Bloomberg) — Fresenius Medical Care AG theworld?s biggest provider of kidney dialysis said fourth-quarterprofit climbed 8. 6 percent as it sold more products and blood-cleansing services. Net income rose to $214 million or 72 cents a share from$197 million or 67 cents a year earlier the Bad HomburgGermany-based company said today. This beat the $213-millionmedian estimate of five analysts surveyed by Bloomberg News. Sales gained 6 percent to $2.
Related from Transitions-for-women: EMEA-Committee for Medicinal Products for Human Use issues …
Fairfax Medical Center to sell for $13.2M
Bizjournals.com NC -
_1F45DAEE997D439AAC24C1C1B0F47472. made its first move in the Washington area and agreed to buy Fairfax Medical Center for $13. The New York-based real estate investment trust plans to complete due diligence and close on the 59108-square-foot medical office property at 10721 Main St. no later than April 30.
Utah’s Merit Medical acquires North Carolina stent maker
Salt Lake Tribune United States -
South Jordan said Thursday it has signed an agreement to acquire for $19 million the assets of Alveolus Inc. a North Carolina-based producer of medical stents. Stents essentially are plastic tubes that are placed inside blood vessels canals or ducts to aid healing or relieve an obstruction. “For several years we have discussed the prospects of entering the gastroenterology and pulmonary markets” Fred Lampropoulous Merit’s chief executive said during a conference call in which he discussed the deal.
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