Wright Medical announces fourth-quarter financial results

Wright Medical Group Inc. has reported financial results for its fourth quarter ending Dec. 27.

The fourth-quarter report comes after the merger of Wright Medical with Tornier N.V. Net sales totaled $177 million during the fourth quarter of 2015, and the combined company pro forma net sales totaled $181.4 million. Combined pro forma global extremities and biologics revenue also increased 14% in the fourth quarter. In 2016, according to the release, the company anticipates net sales of approximately $695 million to $705 million.

“In our first quarter as a newly merged Wright Medical, we delivered outstanding fourth-quarter results that reflect the continued strong underlying growth and positive momentum in our legacy Wright lower extremities and legacy Tornier upper extremities businesses,” Robert Palmisano, president and chief executive officer, said in the release.

He added, “Following our merger, we have leading positions in the highest growth markets in orthopedics with differentiated technologies and focused sales forces. We have multiple opportunities through a robust new product pipeline to further accelerate our growth, continue to expand our markets and gain market share. With the execution of our integration plans off to a positive and productive start, we are well positioned to continue to accelerate our business momentum and drive market leading growth and profitability.”

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