Healthcare Equipment and Supplies
Company Overview of Orthofix Inc.
Orthofix Inc. develops, manufactures, and distributes fixation devices. The company offers invasive surgical and non-surgical products for the spine, reconstruction, and trauma market sectors, as well as orthopedic and sports medicine products. It also provides hand and wrist solutions, including the Contours Volar Plating System for distal radius fractures and enhanced screw placement; the MiniRail Fixator System for small bone lengthening and fracture fixation; and the Physio-Stim bone growth stimulator. Orthofix Inc. was formerly known as American Medical Electronics, Inc. and changed its name to Orthofix Inc. in 1995 as a result of its acquisition by Orthofix International N.V. The compa...
3451 Plano Parkway
Lewisville, TX 75056
Key Executives for Orthofix Inc.
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President of Finance
Compensation as of Fiscal Year 2013.
Orthofix Inc. Key Developments
Orthofix International N.V. and Orthofix Inc. Announce Executive Changes
Mar 13 13
Orthofix International N.V. and Orthofix Inc. announced that it has appointed Bradley R. Mason as its president and chief executive officer, effective March 13, 2013. Mr. Mason succeeds Robert Vaters, who resigned to pursue other interests. As an industry veteran, Mr. Mason brings deep knowledge of the company's products, distribution channels, and markets, as well as proven senior leadership in both building and integrating medical device organizations. Mr. Mason will relocate to the Lewisville, TX area. He had previously served Orthofix from 2003 to 2010 in roles of increasing responsibility. Of the many contributions he made across the company during that period, Mr. Mason was instrumental in driving the acquired Spinal Implants business to profitability. Mr. Mason joined the company upon the acquisition of Breg Inc., which he founded in 1989 and built through rapid product innovation and by maximizing distribution capabilities.
Orthofix Inc. Agrees Pays over $42 Million to Resolve Criminal and Civil Liability Arising from the Illegal Promotion of its Bone Growth
Jun 7 12
Orthofix Inc. has agreed to pay over $42 million to resolve criminal and civil liability arising from the illegal promotion of its bone growth stimulators Orthofix Spinal-Stim, the Orthofix Cervical-Stim and the Orthofix Physio-Stim. Pursuant to the plea agreement, the company has agreed to plead guilty to an Information charging it with a felony, namely obstruction of a federal audit. As set forth in the Information, for years the company manipulated Certificates of Medical Necessity, an important form required by Medicare to be signed by a physician attesting that the bone growth stimulator was medically necessary. Medicare accounted for approximately 25% of its bone growth stimulator business. The company manipulated these Certificates of Medical Necessity in a number of different ways, including having of its sales representatives fill out the entire form, including the medical necessity section, forging physicians' signatures in the section of the form certifying the physician's belief that the device was medically necessary and filling out or improperly coaching the physicians' staff to fill out the estimated length of need field as '9 months' for every patient without regard to the physician's medical judgment about an individual patient's estimated length of treatment.
Orthofix Inc. Presents at BofA Merrill Lynch 2012 Health Care Conference, May-16-2012 08:40 AM
May 12 12
Orthofix Inc. Presents at BofA Merrill Lynch 2012 Health Care Conference, May-16-2012 08:40 AM. Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Blvd South, Las Vegas, Nevada, United States. Speakers: Brian McCollum, Chief Financial Officer and Senior Vice President of Finance.
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