I believe the reason Biomet will fail is.....

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Anonymous said:
You must have cotton in your ears.
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Management too smart to fail and the marketplace too dumb. Just look at the bone stim market developed, ravaged, and plundered. They will find some new device to bring to market researched by well paid docs and tell insurances how great it is clinically and will save them a lot of money. That is the game they play so well.
 






Anonymous said:
Management too smart to fail and the marketplace too dumb. Just look at the bone stim market developed, ravaged, and plundered. They will find some new device to bring to market researched by well paid docs and tell insurances how great it is clinically and will save them a lot of money. That is the game they play so well.
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That's right, no wonder we are in such a mess with companies like Biomet manipulating the market with junk products, paying physicians and convincing insurance companies that their new device is the best. Truly a sad day, this must stop. More government intervention is needed to put tighter rains on these companies. The 501K process needs to include clinical trials, studies and certification for physician to implant of each device.
 






Anonymous said:
That's right, no wonder we are in such a mess with companies like Biomet manipulating the market with junk products, paying physicians and convincing insurance companies that their new device is the best. Truly a sad day, this must stop. More government intervention is needed to put tighter rains on these companies. The 501K process needs to include clinical trials, studies and certification for physician to implant of each device.
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510K
 






Anonymous said:
That's right, no wonder we are in such a mess with companies like Biomet manipulating the market with junk products, paying physicians and convincing insurance companies that their new device is the best. Truly a sad day, this must stop. More government intervention is needed to put tighter rains on these companies. The 501K process needs to include clinical trials, studies and certification for physician to implant of each device.
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You are smoking something. The ortho market is one of the cleanest sectors in all of med device. Look at all the spine and cardio devices that were rushed through only to find that cage designs sucked, screws break, and re-occlusion still happened. All this new FDA stuff will bring is the further inhibition of technology. This will further depress the market as the hospitals(i.e.:government controlled via medicare) won't pay for it anyways. When medicare goes to a single payer system, the M.D.'s will be back to using old, "proven" technology because of price. The patients will suffer as the hospitals split the tiny profit from savings with the M.D.'s. I fully expect the overall quality of care will go down rapidly.
 






Probably, lead in the product and since most of the products are made in the Biomet China facility, shipped to USA and repackaged to look like they were manufactured locally, would account for the poor design and breakage issues.
 






Anonymous said:
You are smoking something. The ortho market is one of the cleanest sectors in all of med device. Look at all the spine and cardio devices that were rushed through only to find that cage designs sucked, screws break, and re-occlusion still happened. All this new FDA stuff will bring is the further inhibition of technology. This will further depress the market as the hospitals(i.e.:government controlled via medicare) won't pay for it anyways. When medicare goes to a single payer system, the M.D.'s will be back to using old, "proven" technology because of price. The patients will suffer as the hospitals split the tiny profit from savings with the M.D.'s. I fully expect the overall quality of care will go down rapidly.
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One of the cleanest ahhhh. There is no room for filth in healthcare. You must live by the rules or the fines will be high. How's your metal on metal hip doing?
 












How much of the problem is the result of having a board of directors made up of very wealthy KKR people who really have no interest beyond whether they are or are not making money on their personal portfolio? Were we better or worse off before KKR got involved? Yet another reason why Mitt Romney is not the right candidate. Private Equity is all about the 1% of the population and how they can do damage to the 99%.
 






Anonymous said:
How much of the problem is the result of having a board of directors made up of very wealthy KKR people who really have no interest beyond whether they are or are not making money on their personal portfolio? Were we better or worse off before KKR got involved? Yet another reason why Mitt Romney is not the right candidate. Private Equity is all about the 1% of the population and how they can do damage to the 99%.
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And who, in your most enlightened opinion, is the answer? Obama?
 






Not that the previous poster needs defending, but it seems that the reference to Romney refers to the KKR types, not a political statement. In that regard, we all know that movies are not real life but a real life lesson could be taken from "Wall Street". Gordon Gecko couldn't give two shits about anyone at Blue Star Airlines and the KKR boys feel the same about Warsaw schmucks!! It's too bad, because they are good people trying to get by just like the rest of us. Merry F------- Christmas!
 






Dear Asshat:
PE wants whats is best for them. However it is far more likely that what is best for them in a bad market that is getting worse is what is best for Biomet: To merge. Frankly, prior to 2007 you were still playing catch up to the rest of the market. Not much has changed other than the constantly revolving staff/administration. Who's on first?
 






Anonymous said:
Idiot. No implants are made in China.
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Exactly why do you have china plant facilities and exactly why does your shipping department have implants that come in from china that you just "finish" in Warsaw? I forgot then repackage them to show they are made in the USA. Exactly why was factory personnel laid off in Warsaw and business was was then outsourced in china when additional plants were opened there? Exactly why has your European locations just close? Business is good Heh?
 












they can not keep competitive in a global market. Biomet is growing 2% in a market growing 5-7%. They are actually losing sales (-1%) in knees and underperforming in just about every other segment of the orthopaedic market. Ten years ago Biomet was a market leader. Now they cannot even keep up with a changing market
 






Anonymous said:
One of the cleanest ahhhh. There is no room for filth in healthcare. You must live by the rules or the fines will be high. How's your metal on metal hip doing?
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Biomet lawyers too smart for even DOJ. A big public company, like banks, when caught in fraud simply pay a fine worked out by lawyers collecting fees. There is no real justice, only the connected and powerful manipulating the system, and lobbying government officials. For example, Orthofix fined $43M for over $400M in fraudulant claims. How does that figure get any justice and they continue to do business as usual. It's the way of our world.
 






Anonymous said:
Biomet lawyers too smart for even DOJ. A big public company, like banks, when caught in fraud simply pay a fine worked out by lawyers collecting fees. There is no real justice, only the connected and powerful manipulating the system, and lobbying government officials. For example, Orthofix fined $43M for over $400M in fraudulant claims. How does that figure get any justice and they continue to do business as usual. It's the way of our world.
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I do not agree with you that Biomet lawyers are too smart. They fall in the same class as many at Biomet. Total incompetency. I have found them to be rather useless and lacking personality and common sense on daily issues. If you want a response from them make sure a lawsuit is involved and you will get their attention. Not sure they will understand it though. Probably just hire another firm to look into it.
 


















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