Issue link: https://beckershealthcare.uberflip.com/i/1499620
16 DEVICES & IMPLANTS What 5 Stryker execs were paid since 2020 By Carly Behm S tryker CEO Kevin Lobo's total compensation grew to about $18.6 million in 2022, according to a recent Securities and Exchange Commission proxy filing. e devicemaker's March 28 filing revealed the compensation packages for five executives from 2020 to 2022. Compensation packages include salary, stock and option awards, non-equity incentive plan compensation, and other pay. Here's what each executive made during that time: Kevin Lobo, CEO 2022: $18.6 million 2021: $16.4 million 2020: $13.3 million Glenn Boehnlein, vice president and CFO 2022: $5.9 million 2021: $6 million 2020: $4.3 million J. Andrew Pierce, group president of neurotechnology 2022: $5.7 million 2021: $5.3 million Spencer Stiles, group president of orthopedics and spine 2022: $5.7 million 2021: $5.2 million Viju Menon, group president of global quality and operations 2022: $3.7 million 2021: $4.3 million 2020: $3 million n DePuy Synthes to restructure orthopedic segments By Carly Behm D ePuy Synthes plans to restructure to grow its sports medicine and shoulder surgery businesses, former executive Rajit Kamal said in a March 5 LinkedIn post. As part of restructuring, the sports medicine segment is combining with trauma and extremeties, according to the post. Shoulder reconstruction will also move into the company's joint reconstruction organization. Mr. Kamal, who led the global sports medicine and shoulder reconstruction business is stepping down as part of the reconstruction. His post didn't provide details about other workforce changes. "I am proud of the work we did to build a high performing, collaborative and inclusive culture, advance our innovation agenda, drive focus and commercial execution and make difference to the patients we have the privilege to serve," he said in the post. n BEAR implant to be distributed within veteran's health medical supply By Carly Behm M iach Orthopaedics struck a deal with Veteran's Health Medical Supply to distribute the Bridge-Enhanced ACL Restoration implant across the Department of Defense and Department of Veterans Affairs, the devicemaker said March 7. The Bear implant is a bridge that restores a patient's ACL using blood. The implant launched in 2021 and has been used in more than 700 procedures. The distribution agreement will help make it more accessible to surgeons and patients with the VA and DOD, according to a news release. "We are excited to partner with VHMS to facilitate access to the BEAR Implant for active and retired military personnel served by Department of Defense and Department of Veterans Affairs facilities," Patrick McBrayer, president and CEO of Miach Orthopaedics, said in the release. n Surgalign sells spine portfolio for $17M By Carly Behm Xtant Medical has acquired Surgalign's Coflex product line for $17 million. Coflex is an interlaminar stabilization device used after an open decompression, and Cofix is a supplemental minimally invasive fixation device, according to a March 1 news release from Xtant. The acquisition strengthens Xtant's offerings and supports Surgalign's balance sheet as it focuses on digital health. "This transaction provides us with non-dilutive capital which will be used to advance our leading platform of artificial intelligence products across the entire continuum of care," Terry Rich, president and CEO of Surgalign said in the release. "Moving forward, we are focused on commercializing our HOLO Portal Surgical Guidance System, our soon to be launched HOLO AI Insights for research-use, and further developing our HOLO AI platform, while driving innovation in our remaining product lines to improve patient outcomes." n