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Weekly News, Analysis, and Commentary

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SeaSpine Goes Public

Courtesy of SeaSpine Holdings Corporation
Courtesy of SeaSpine Holdings Corporation

SeaSpine is days away from becoming the 8th public spine company. At first glance, this looks like a corporate fixer upper. Down sales. Losses last year. But former NuVasive President Keith Valentine is in charge and, peeling back the layers, we see what attracted him—solid and scalable foundation with a biologics play. If Valentine’s excited, then we are too.

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So Merge, Already

Source: Wikimedia commons and Heather Katsoulis
Source: Wikimedia commons and Heather Katsoulis

It’s been more than a year, 14 months to be exact, since Zimmer and Biomet agreed to merge. Originally the closing was supposed to happen in Q1 2015. Now the teams are racing to merge before Q3. Employees, vendors and surgeon customers may be forgiven for thinking: “So Merge, Already.”

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Score: Common Sense 1; High Priced Auditors 0

Courtesy: Globus Medical, Inc.
Courtesy: Globus Medical, Inc.

Rock, meet hard place. Or in this story, KPMG meet Globus. Auditing giant KPMG has declined to continue as Globus Medical’s auditing firm. Why? There were no issues with the number or accounting policies. The issue, we suspect, was that Globus is frugal and would not pay a premium for the big time brand name. Score one for common sense.