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Article: Globus Medical Announces 2006 Results.
- Article from:
- PR Newswire
- Article date:
- January 17, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Emerging Spinal Implant Manufacturer Reports 88% Growth
AUDUBON, Pa., Jan. 17 /PRNewswire/ -- Globus Medical, Inc., the largest privately held spinal implant manufacturer in the U.S., today announced record revenue for the year ending December 31, 2006, and the successful completion of its Series D round of financing. The Company recorded revenues of $82 million for the year - an increase of 88% over the $43.7 million it achieved in 2005.
According to Rick Kienzle, Executive Vice President, Sales and Marketing, Globus Medical, the strong growth in revenue was driven by a series of innovative product introductions. "With the rollout of our PIVOT(TM), ...
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