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Editorial Results (free)

1. Growth Overseas Signals Device Maker Cuts -

U.S. markets, including Memphis, may lose employees as global medical device makers look to faster-growing markets, such as India and China, for growth.

Global medical device makers, including those with a large presence in Memphis like Minneapolis-based Medtronic Inc. and London-based Smith & Nephew PLC, face challenges as U.S. hospitals push for lower prices and European austerity plans cut procedures and profits. A new 2.3 percent U.S. medical device tax to help finance the health law also adds to manufacturers’ costs.

2. MERI, Fire Department Assist Facilities With Disaster Relief -

The Medical Education & Research Institute (MERI) and the Memphis Fire Department are working with local long-term care nursing and other direct care staff to care for the elderly in the event of fire, tornado and flood-related emergencies.

3. Smith & Nephew Reduces Workforce -

Smith & Nephew eliminated nearly 100 jobs in Memphis and Andover, Mass., on Thursday, Jan. 31, as the medical device company cuts expenses in an effort to offset tax hikes included in the Affordable Care Act.

4. Excise Tax Looms for Local Device Companies -

A new excise tax will be levied on medical devices beginning Jan. 1, and the impact will be significant for medical device companies with a Memphis presence.

Large players like Wright Medical Technology Inc. and fledgling outfits like Arrowhead Medical Device Technologies Inc. are preparing for the 2.3 percent pinch on each device sold in the U.S., including pacemakers and stents, defibrillators, artificial joints, chemotherapy delivery systems, surgical tools and X-ray machines.

5. Smith & Nephew Rumors Continue to Swirl -

Despite Smith & Nephew’s attempts to quash rampant rumors that it’s being targeted for takeover, Wall Street seems to be sticking with the maxim that where there’s smoke, there’s fire.

6. FDA Plans Modest Changes to Medical Device System -

WASHINGTON (AP) – The Food and Drug Administration is laying out plans to update the 35-year-old system used to approve most medical devices, which has been subject to increasing criticism by public safety advocates.

7. Wright Latest Orthopedic Firm Hit by Probe -

The agreement between Wright Medical Group Inc. and the U.S. Justice Department that allowed the company to avoid prosecution for allegedly violating the federal kickback statute is the latest run in a series of scandals that has touched all three of the city’s big orthopedic firms.

8. Analyst Downgrades Wright Medical to 'Neutral' -

NEW YORK (AP) — A Robert W. Baird & Co. analyst said Friday orthopedic product makers will face sales and reimbursement pressure over the next several quarters.

9. Analyst Downgrades Medtronic Stock to ‘Neutral’ -

A J.P. Morgan analyst has downgraded Medtronic’s stock, predicting a difficult outlook for earnings growth.

Analyst Michael Weinstein lowered the company’s rating from “Overweight” to “Neutral” on challenges to the company’s spine franchise, its second-largest business.

10. Officials Establish High-Speed Link For Research Data -

Russell Ingram is mapping out a way for information to zoom between research institutions.

Ingram, the president of the Memphis Coalition for Advanced Networking (MCAN), said this proprietary, high-speed link will enable data to travel 3,000 times faster than typical broadbands.

11. Joint Venture -

Charles Redden remembers getting the call in April.

A sales associate for Smith & Nephew, Redden worked hospitals and clinics in Dallas – among the most lucrative regions for the British medical device maker whose U.S. headquarters is in Memphis. On the other end of the phone line was Redden’s boss, Jon Hebel, a former minor league baseball player and an area sales manager for Smith & Nephew.

12. Wright Medical Wins Patent Dispute Case -

Arlington-based Wright Medical Group Inc. has received a favorable ruling in a patent dispute case in U.S. District Court in New Jersey.

13. Smith & Nephew Files Suit Against Former Employee -

Smith & Nephew Inc. has filed a breach of contract suit against Wayne Ritchie, its former director of sales for the North Coast region of the western United States, according to The Daily News Online, www.memphisdailynews.com.

14. Smith & Nephew Sues Former Employee -

Smith & Nephew Inc. is suing Trevor Larson, a former salesman, for allegedly violating a non-compete contract and also suing Osteologic Inc., the company that now employs him, according to The Daily News Online, www.memphisdailynews.com.

15. To Cover Both Wars, Senate Passes $91.3B Bill -

WASHINGTON (AP) - The Senate is backing President Barack Obama's efforts to ramp up the war in Afghanistan, granting his request for $91.3 billion for military and diplomatic operations there and in Iraq.

16. Events -

The Memphis Public Library will hold a resume basics class today at 10 a.m. at the North Branch, 1192 Vollintine Ave. To register, call 276-6631. A computer basics class will be held at 6 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. To register, call 415-2722.

17. Expert: Ortho Firms, Surgeons Forgot Ethics for Perks -

A lapse in ethics and professionalism by surgeons, who accepted financial rewards and other perks from orthopedics firms, compromised patient care before the government stepped in to stop the practice, Dr. Charles A. Rockwood said Monday night during a lecture.

18. Perkins & Marie Callender'sCFO Stryker Resigns -      James W. Stryker, executive vice president and chief financial officer of Memphis-based Perkins & Marie Callender's Inc., is resigning and returning to California.
     Stryker joined PMCI's

19. Archived Article -

1669 Randolph Place
Memphis, TN 38120
Sale Amount: $13.5 million

Sale Date: Dec. 20, 2007

Buyer: Poplar Place Associates LLC

20. Wright Medical Under Feds' Microscope Over Relationships With Docs -

Wright Medical Group Inc. of Arlington has been included in what is a widening federal probe of the connections such orthopedic medical device companies have with surgeons who install hip and knee joint replacements.

21. Hip Resurfacing Success a Plus for Memphis Orthopedics Players -

New information on hip resurfacing confirms that that the procedure is viable for younger patients. That's good news for Memphis orthopedic companies, which are shaping their marketing messages for younger consumers.

22. Tarr Works Toward Solidifying InMotion's Emphasis on Collaboration -

Dick Tarr recently enjoyed a leisurely dinner with William Mihalko, a young orthopedic surgeon from the University of Virginia. Tarr was more than a host - he was also selling Mihalko on the idea of moving to Memphis.

23. Joint Makers Paid $200M+ to Doctors, Hospitals -

MINNEAPOLIS (AP) - The hips and knees are synthetic, but it's real money changing hands.

Five makers of artificial joints, including one with ties to Memphis, have paid more than $200 million this year to doctors and hospitals, often the same ones who are deciding which company's joints to buy, according to an Associated Press calculation of disclosures required last week by a settlement with federal prosecutors.

24. Medical Implant MakersMake Deals with Feds -      Five makers of medical device implants have reached a $310 million agreement to resolve concerns over doctor kickbacks, federal prosecutors said Thursday.
     The agreements were made by Bio

25. Lifesigns Acquiredby Memphis Group - Lifesigns, a Memphis-based health care company, has been acquired by The Prevention Group. Terms of the deal were not disclosed. Lifesigns previously was owned by Physiotherapy Associates, a wholly owned subsidiary of Stryker Corp. Memphis oncologist

26. Archived Article: Daily Digest - Mark Matthews Buys

Mark Matthews Buys

Houston Levee Land

Mark Matthews Development LLC has purchased 22.8 acres of vacant land near Houston Levee and Pisgah roads from Rusco Co. for $2.1 million, according to The Daily News Online, www.memp...

27. Archived Article: Marketplace - By SUE PEASE Wright Medical prepares for public offering By SUE PEASE The Daily News A medical firm in Arlington, Tenn., is planning to go big-time with an initial public offering. Wright Medical Group Inc. registered with the Securities and Exchang...

28. Archived Article: Physiotherapy Lj - By LAURIE JOHNSON Physiotherapy Associates clinic moves to new quarters By LAURIE JOHNSON The Daily News Memphis-based Physiotherapy Associates has moved its Poplar Avenue facility to 10,800 square feet of newly renovated space in the Willow Grove S...

29. Archived Article: Physio Chg - By CAMILLE H. GAMBLE Memphis company to move headquarters to Southwind Physiotherapy Associates new 17,000-square-foot facility designed for expansion By CAMILLE H. GAMBLE The Daily News Memphis-based Physiotherapy Associates is moving into a 17,000...