MAKO Surgical Corp.
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MAKO Surgical Corp.
MAKO Surgical Corp. was a publicly traded medical device company based in Florida. On September 25, 2013, the Board of Directors of Mako Surgical accepted a deal to be acquired by Stryker for $1.65B. The deal closed in December 2013. Founded in 2004, the company manufactures and markets surgical robotic arm assistance platforms, most notably the RIO (Robotic Arm Interactive Orthopedic System) as well as orthopedic implants used by orthopedic surgeons for use in partial knee and total hip arthroplasty. They are known for their intellectual property of devices and have over 300 U.S. and foreign patents and patent applications. The company has won numerous awards, including being named the fastest growing technology company in 2011 on Deloitte's Technology Fast 500. Before it was purchased, it was publicly traded on the NASDAQ under the stock symbol "MAKO." History MAKO Surgical was founded in 2004 by Rony Abovitz and other key members of its predecessor Z-KAT, Inc. Z-KAT was founded ...
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Rony Abovitz
Rony Abovitz (born 1971) is an American entrepreneur. Abovitz founded MAKO Surgical Corp., a company manufacturing surgical robotic arm assistance platforms, in 2004. MAKO was acquired by Stryker Corporation in 2013 for $1.65B. Abovitz is the founder of the Augmented Reality (AR) company Magic Leap and served as its CEO from its founding in 2010. In May 2020, amid financial strife for the company, Abovitz stepped down from his position. Early life Abovitz was born to an Orthodox Jewish family, the eldest of five children of Isaac and Itta Abovitz. His parents immigrated from Israel to Cleveland, Ohio in 1962. Abovitz's father worked in the real estate industry and his mother was an artist. He grew up playing Atari video games, and at the age of 8 he received his first computer which he says was an Apple Macintosh ntroduced in 1984, when he was 13 In 1983, his family moved to Hollywood, Florida where he attended Nova High School in Davie, Florida. After high school, Abovitz ai ...
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Quincy Medical Center
Quincy Medical Center was a 124-year-old teaching hospital located in Quincy, Massachusetts. It was operated by Steward Health Care System Steward Health Care is the largest physician-owned private for-profit health care network in the United States and attends to 2.2 million people during more than twelve million physician and hospital visits annually. Headquartered in Dallas, Stewa ... the largest fully integrated community care organization in New England. The hospital's maternity ward was closed in 1998 but was expected to reopen. The remainder of the hospital was closed on December 26, 2014, after receiving a waiver from the department of health of the 90-day public notification rule. It was originally scheduled to close December 31, 2014 despite a legal agreement with the state's attorney general's office it made when purchasing the hospital from bankruptcy in 2011 which stated it would not close the hospital before 2017. Steward did agree to maintain an emergency room ...
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Robotic Surgery
Robotic surgery are types of surgical procedures that are done using robotic systems. Robotically assisted surgery was developed to try to overcome the limitations of pre-existing minimally-invasive surgical procedures and to enhance the capabilities of surgeons performing open surgery. In the case of robotically assisted minimally-invasive surgery, instead of directly moving the instruments, the surgeon uses one of two methods to administer the instruments. These include using a direct telemanipulator or through computer control. A telemanipulator is a remote manipulator that allows the surgeon to perform the normal movements associated with the surgery. The robotic arms carry out those movements using end-effectors and manipulators to perform the actual surgery. In computer-controlled systems, the surgeon uses a computer to control the robotic arms and its end-effectors, though these systems can also still use telemanipulators for their input. One advantage of using the comput ...
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Hip Replacement
Hip replacement is a surgical procedure in which the hip joint is replaced by a prosthetic implant, that is, a hip prosthesis. Hip replacement surgery can be performed as a total replacement or a hemi (half) replacement. Such joint replacement orthopaedic surgery is generally conducted to relieve arthritis pain or in some hip fractures. A total hip replacement (total hip arthroplasty or THA) consists of replacing both the acetabulum and the femoral head while hemiarthroplasty generally only replaces the femoral head. Hip replacement is one of the most common orthopaedic operations, though patient satisfaction varies widely. Approximately 58% of total hip replacements are estimated to last 25 years. The average cost of a total hip replacement in 2012 was $40,364 in the United States, and about $7,700 to $12,000 in most European countries. Medical uses Total hip replacement is most commonly used to treat joint failure caused by osteoarthritis. Other indications include rheumatoi ...
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Knee Replacement
Knee replacement, also known as knee arthroplasty, is a surgical procedure to replace the weight-bearing surfaces of the knee joint to relieve pain and disability, most commonly offered when joint pain is not diminished by conservative sources and also for other knee diseases such as rheumatoid arthritis and psoriatic arthritis. In patients with severe deformity from advanced rheumatoid arthritis, trauma, or long-standing osteoarthritis, the surgery may be more complicated and carry higher risk. Osteoporosis does not typically cause knee pain, deformity, or inflammation and is not a reason to perform knee replacement. Other major causes of debilitating pain include meniscus tears, cartilage defects, and ligament tears. Debilitating pain from osteoarthritis is much more common in the elderly. Knee replacement surgery can be performed as a partial or a total knee replacement. In general, the surgery consists of replacing the diseased or damaged joint surfaces of the knee with m ...
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Arthroplasty
Arthroplasty (literally " e-orming of joint") is an orthopedic surgical procedure where the articular surface of a musculoskeletal joint is replaced, remodeled, or realigned by osteotomy or some other procedure. It is an elective procedure that is done to relieve pain and restore function to the joint after damage by arthritis or some other type of trauma. Types For the last 45 years, the most successful and common form of arthroplasty is the surgical replacement of arthritic or destructive or necrotic joint or joint surface with a prosthesis. For example, a hip joint that is affected by osteoarthritis may be replaced entirely (total hip arthroplasty) with a prosthetic hip. This would involve replacing both the acetabulum (hip socket) and the head and neck of the femur. The purpose of this procedure is to relieve pain, to restore range of motion and to improve walking ability, thus leading to the improvement of muscle strength. Other types of arthroplasty * Interposition ...
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American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering ...
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Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY (Ernst & Young), KPMG and PricewaterhouseCoopers (PWC). The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in Janu ...
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Hospital For Special Surgery
Hospital for Special Surgery (HSS) is a hospital in New York City that specializes in orthopedic surgery and the treatment of rheumatologic conditions. Founded in 1863 by James Knight, HSS is the oldest orthopedic hospital in the United States and is consistently ranked as the top orthopedic hospital in the United States. Currently, HSS is ranked #1 in orthopedics, #3 in rheumatology and #22 in pediatric orthopedics by U.S. News & World Report. Bryan Kelly serves as the medical director and surgeon-in-chief, and Louis Shapiro serves as its president and chief executive officer. Areas of expertise at HSS include joint replacement, orthopedic trauma, hand and upper extremity surgery, limb lengthening, foot and ankle surgery, pediatric orthopedics, spine surgery and sports medicine. The hospital performs the most knee replacement surgeries of any hospital in the United States. Trauma surgeons treat fractures and other acute injuries at HSS and work within an Orthopedic Trauma Ser ...
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Baltimore, Maryland
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonis ...
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Stryker Corporation
Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. In the United States, most of Stryker's products are marketed directly to doctors, hospitals and other healthcare facilities. Internationally, Stryker products are sold in over 100 countries through company-owned sales subsidiaries and branches as well as third-party dealers and distributors. Business segments Stryker segregates their reporting into three reportable business segments: Orthopedics, Medical and Surgical (MedSurg), and Neurotechnology and Spine. * Orthopedics products consist primarily of implants used ...
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Mercy Medical Center (Baltimore, Maryland)
Mercy Medical Center is a hospital located in Baltimore, Maryland. Mercy has been recognized as the #2 hospital in the State of Maryland for 2014-15 by U.S. News & World Report. Current Facility The landmark McCauley Tower building of the hospital along St. Paul Place to the west of North Calvert Street, opened in 1963 and is located at 301 St. Paul Place. Its form was quite unusual in that the upper two-thirds of the building of tan/light brown bricks spread out fifty yards out above the lower five stories. Additionally the later Mary Bunting Tower skyscraper buildings and annexes further north along the east side of St. Paul Place and North Calvert Street to East Pleasant Street, and to the next block at the elevated Orleans Street Viaduct (over Bath Street) were built in the mid-2010s with additional parking garages attached to the east along Guilford Avenue. History Founding Historically, Mercy was founded as "Baltimore City Hospital" by six Sisters of Mercy, a Roman Catholic ...
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