RTI Surgical: Pure Play On Spinal Implants Has Upside In 2020 [Seeking Alpha]
RTI SURGICAL (RTIX)
Last rti surgical earnings: 11/1 07:00 am
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US:NASDAQ Investor Relations:
rtix.com/en_us/investors
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Source: Seeking Alpha
Summary RTIX announced the sale of its "OEM" segment at a premium to the company's total market cap resulting in its share price nearly doubling on the report. The company intends to focus on its spinal implants business, which it sees as presenting better differentiation and strong growth opportunities. Following the transaction, RTI will be transformed with a solid balance sheet, no debt, and a significant cash position, highlighting a positive fundamental outlook. We think shares have more upside as this unique company positions itself as the leader in a growing medical device niche. RTI Surgical Holdings Inc. (Source: Finviz.com) The New RTI Surgical The OEM business divested here generated $175 million in revenue in 2018 and represented about 63% of the company's total. For context, OEM includes a portfolio of specialty and niche surgical hardware and implants developed and manufactured per specification for customers among leading medical technology companies like Stryker Corpor
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