Profile: Symmetry Medical Inc (SMA.N)
9.03USD
1 Aug 2013
$0.32 (+3.67%)
$8.71
$8.76
$9.40
$8.76
90,531
79,380
$12.82
$7.45
Symmetry Medical Inc. (Symmetry), incorporated on July 25, 1996, is a medical device solutions company, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company designs, develops and offers worldwide production and supply chain capabilities for these products to customers in the orthopedic industry, and other medical device markets (including but not limited to arthroscopy, dental, laparoscopy, osteobiologic, and endoscopy segments). It also manufactures specialized non-healthcare products, primarily in the aerospace industry. The Company operates in two segments: original equipment manufacturer (OEM) solutions and symmetry surgical. On August 15, 2011, the Company acquired PSC Industries, Inc’s Olsen Medical division. On December 29, 2011 it acquired the surgical instruments product portfolio from Codman & Shurtleff, Inc., a Johnson & Johnson Company.
The Company’s OEM products include implants, including forged, cast and machined products for the global orthopedic device market; instruments used in the placement and removal of orthopedic implants and in other surgical procedures; cases, including plastic, metal and hybrid cases used to organize, secure and transport medical devices for orthopedic, endoscopy, dental and other surgical procedures, and other specialized products for the aerospace market. The Company also provides limited specialized products to non-healthcare markets, such as the aerospace market.
Symmetry Surgical offers a range of reusable stainless steel and titanium surgical hand-held instruments and retractor systems, sterile disposable surgical products (vein strippers, SECTO dissectors, tonsil sponges and surgical marker pens), and sterilization containers. These products are typically used in the surgical specialties of spine, general/obstetrics/gynecology, microsurgery/neurosurgery, orthopedics, laparoscopy, cardiovascular, thoracic and general surgery in the hospital setting, as well as surgery centers and in select physician offices. Its brands include SYMMETRY, BOOKWALTER Retractor Systems, OPTI-LENGTH Extended Length Surgical Instruments, QUAD-LOCKTM Sterilization Container Systems, RAPIDCLEAN Detachable Kerrison Rongeurs, CLASSIC PLUS and CLASSIC Surgical Instruments, GREENBERGTM Neurosurgical Retractor System, KARLINTM Surgical Instruments, MAGNAFREE Non-Magnetic Surgical Instruments, FLASHPAKTM, OLSENTM, RILEYTM, ULTRATM, and ACCESS SURGICALTM. Olsen Medical manufactures a line of single-use and reusable bipolar and monopolar forceps, cords, electrosurgical pens/pencils, electrodes and accessories.
Implants
The Company designs, develops and manufactures implants for use in specific implant systems developed by its customers. The orthopedic implants it produce are used primarily in knee and hip implant systems. The orthopedic implants it supplies are used in reconstructive surgeries to replace or repair hips, knees and other joints, such as shoulders, ankles and elbows (sometimes referred to as extremities), that have deteriorated as a result of disease or injury.
The Company also manufactures implant products for trauma, spine and other implant systems. Trauma implant systems are used primarily to reattach or stabilize damaged bone or tissue while the body heals. Spinal implant systems are used by orthopedic surgeons and neurosurgeons in the treatment of degenerative diseases, deformities and injuries in various regions of the spine.
The primary implant products and their applications include knees, hips, and extremities, trauma and spine. The knee joint includes the surfaces of three distinct bones: the lower end of the femur, the upper end of the tibia or shin bone, and the patella (knee cap). The knee implants include a femoral component, a patella, a tibial tray and an articulating surface (placed on the tibial tray) and are used in total knee reconstruction, partial knee reconstruction and revision procedures. Symmetry provides one or more, and in some cases, all of these implants for the customers’ knee implant systems. It uses manufacturing know-how and advanced computer aided simulation techniques to produce tight tolerance near-net shaped to net shaped tibial implants that require minimal if any machining.
The hip joint consists of a ball-and-socket joint that enables a range of motion. The hip joint is often replaced due to degeneration of the cartilage between the head of the femur (the ball) and the acetabulum or hollow portion of the pelvis (the socket). This loss of cartilage causes pain, stiffness and a reduction in hip mobility. Symmetry produces tight tolerance femoral heads, hip stems, acetabular cups and spiked acetabular cups used in bone conservation, total-hip reconstruction and revision replacement procedures. The hip stems are forged with tight tolerance details.
Extremity reconstruction involves the use of an implant system to replace or reconstruct injured or diseased joints, such as the finger, toe, wrist, elbow, foot, ankle and shoulder. The forging capabilities allows to produce thin cross sections of material to very tight tolerances for these smaller joint procedures. Trauma implant procedures commonly involve the internal fixation of bone fragments using an assortment of plates, screws, rods, wires and pins. The spinal implant products consist primarily of plates and screws. Symmetry manufactures trauma and spinal plate implants to exact details to fit bone contours.
Instruments
Symmetry makes high-precision surgical instruments used in hip, knee and shoulder reconstruction procedures, as well as in spinal, trauma and other implant procedures. It designs, develops and manufactures implant-specific and procedure-specific instruments. The Company markets and sells operating room instrumentation focused directly to specialty surgeons. Symmetry makes a range of knee cutting blocks (instruments that guide blades that cut bone), osteotome revision systems (instruments used to cut through bone), reamers (instruments used for shaping bone sockets or cavities) and retractors (instruments used to pull back tissue for clear sight during surgery).
The instruments produced by the Company are used in either open, minimally invasive, or revision implant procedures. It can be categorized as implant-specific instruments, which are used for a specific brand of implant, such as high-precision knee cutting blocks, certain reamers and broaches; and procedure-specific instruments, which are designed for a particular type of procedure, such as a minimally invasive hip implant procedure, but can be used with the implant systems of multiple companies.
The implant-specific instruments generally include customized reamers, cutting blocks, broaches, rasps, guides and other instruments designed to accommodate the size, shape and other features of the customers’ implant systems. These instruments are used by the surgeon to cut and shape bone and cavities during the surgical procedure and to align and fit the implant system. The Symmetry products include successful hip and knee revision systems. Instruments that make up revision systems, which are used to remove orthopedic implants, are typically designed for a specific type of procedure but can be used to remove various brands of implants. These self-contained systems include an assortment of osteotome blades that assist the surgeon in separating an implant from cement or bone in-growth where access is limited, while minimizing damage to the bone.
The Company distributes a range of instruments and related products directly to hospitals. These instruments comprise cutting, dissecting, grasping, cauterizing, ligating, coagulating, hot blade cutting, bi-polar and mono-polar instruments as well as reusable and disposable instruments. The instruments are sold into specialty operating room settings, including neurology, ophthalmology, reconstructive, cardiovascular, thoracic, vascular, laparoscopic, and gynecology.
Cases
Symmetry produces a range of plastic, metal and hybrid cases used in over 25 medical device markets, including orthopedic, arthroscopy, osteobiologic, endoscopy, cardiovascular, dental, ophthalmology, diagnostic imaging and ear, nose and throat surgical procedures. Cases are used to store, transport and arrange implant systems and other medical devices and related surgical instruments. The cases are used to store, transport and arrange implant systems and other medical devices and related surgical instruments. The cases are designed to allow for sterilization and re-use after an implant or other surgical procedure is performed. The plastic cases are designed to withstand the intense heat produced during the sterilization process.
The case product offerings of the Company include orthopaedic cases, endoscopy cases, dental cases, sterilization containers and other cases. Symmetry produce custom metal, plastic and hybrid cases designed to store, transport and arrange surgical instruments and related implant systems for orthopedic device manufacturers. Proper identification of instruments, such as reamers, which are included in a range of sizes in one to two millimeter increments, is critical in orthopedic implant procedures. The graphics and thermo formed tray pockets provide an arrangement to assist surgeons during procedures.
Symmetry produces cases for endoscope sterilization for many types of sterilization methods. It produces cases used in dental implant and general dental procedures. Dental implant cases are typically complex and include many levels of trays, while cases used in general dental procedures tend to be smaller and less complex. The Company produces lightweight and durable Ultra Container System which is designed for the sterilization of all surgical instruments. It also manufactures and sells cases for arthroscopy, osteobiologic, cardiovascular, ophthalmology, diagnostic imaging and ear, nose and throat procedures as well as sterilization containers.
Specialized Non-Healthcare Products
The Company offers specialized non-healthcare products on a limited basis. The aerospace products are net shaped aerofoils and non-rotating aircraft engine forgings produced for the aerospace customers. Additionally, the offering in the aerospace industry includes aerospace machining capabilities.
Company Address
Symmetry Medical Inc
3724 North State Road 15
WARSAW IN 46582
P: +1574.2682252
F: +1302.6365454
Company Web Links
| Name | Compensation |
|---|---|
Craig Reynolds |
-- |
Thomas Sullivan |
1,612,250 |
Fred Hite |
682,745 |
D. Darin Martin |
360,122 |
David Milne |
379,725 |

