Surgical Specialties to Acquire Leading German Needle and Suture Manufacturer
Braintree, MA and Jestetten, Germany - January 26, 2016 – Surgical Specialties Corporation (“Surgical Specialties”,”Company”), a leading provider of branded, private label, and OEM medical devices for advanced surgery, wound closure, ophthalmology, and radiology announced today that it has acquired all shares of FSSB Chirurgische Nadein GMBH (FSSB) and affiliated entities. Terms were not disclosed. The acquisition will be immediately accretive to both Surgical Specialties’ sales and adjusted EBITDA.
Surgical Specialties Corporation Announces Medicare Approval of Transitional Pass-Through Reimbursement for BioSentry™ Track Sealant System
Braintree, MA – June 22, 2015 – Surgical Specialties Corporation (Surgical Specialties), a leading provider of branded, private label, and OEM medical devices for advanced surgery, wound closure, ophthalmology, and radiology announced today that the U.S. Centers for Medicare and Medicaid Services (CMS) has approved a transitional pass-through payment for Surgical Specialties’ BioSentryTM Track Sealant System under the Medicare hospital outpatient prospective payment system (OPPS). This important approval removes a potential barrier to patient access to this new medical device, which offers the potential to improve outcomes for patients undergoing a percutaneous transthoracic lung biopsy.
Surgical Specialties Corporation Awarded Three Year Suture Products Agreement with Premier, Inc.
Braintree, MA, March 9, 2015 – Surgical Specialties Corporation, a leading provider of branded, private label , and OEM medical devices for advanced surgical wound closure and ophthalmology, announced today it has been awarded a group purchasing agreement with Premier, Inc. to provide its recently expanded portfolio of suture products to Premier’s extensive network of 3,400 hospitals and 110,000 healthcare providers.
Angiotech announces K. Thomas Bailey departure from board of directors
Angiotech Pharmaceuticals, Inc. announced today that K. Thomas Bailey has stepped down from the company’s board of directors effective immediately.
Surgical Specialties Announces Leadership Team Additions
Surgical Specialties, Inc. announced today two important additions to its executive management team. Daniel (Dan) Sutherby has joined as Chief Financial Officer (CFO) and Brennan Marilla as Chief Commercial Officer (CCO). The company appointedJohn Barr as CEO in October 2014.
Dan, Brennan and John Barr will be based in the Company's recently opened US headquarters in Braintree, MA.
Angiotech appoints John Barr as CEO
Angiotech Pharmaceuticals, Inc. announced today that its Board of Directors has appointed John R. Barr as Chief Executive Officer.