| Business Summary | | ORATEC
Interventions
Inc.
develops
and
markets
medical
devices
that
use
controlled
thermal
energy
to
treat
spine
and
joint
disorders.
The
Company
markets
two
minimally
invasive
systems,
the
SpineCATH
IntraDiscal
ElectroThermal
Therapy
(IDET)
system
and
the
ElectroThermal
Arthroscopy
System.
These
proprietary
systems
deliver
heat
to
modify,
cut
or
remove
damaged
or
stretched
tissue.
The
Company's
SpineCATH
IDET
system
offers
an
outpatient
alternative
to
patients
suffering
from
chronic
low
back
pain
caused
by
degenerative
disc
disease.
The
Company's
proprietary
ElectroThermal
Arthroscopy
System
treats
joint
disorders
through
the
application
of
controlled
heat,
by
modifying,
cutting
or
removing
soft
tissue. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ORATEC
Interventions,
Inc.
is
a
medical
device
manufacturing
company
specializing
in
minimally
invasive
arthroscopic
and
spinal
treatment
modalities
utilizing
electrothermal
technology.
For
the
six
months
ended
6/30/01,
sales
fell
4%
to
$25.1
million.
Net
income
fell
44%
to
$474
thousand.
Sales
reflect
a
difficult
payor
reimbursement
environment
for
spine
technology.
Earnings
reflect
lower
gross
profit
margins
and
an
increase
in
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard Ferrari, 47 Chairman | -- | -- | Kenneth Anstey, 54 Pres,
CEO, Director | $317K | $44M | Nancy Westcott, 47 CFO,
VP-Admin., Sec. | 197K | 295.3K | Hugh Sharkey, 50 Exec.
VP, CTO, Director | 203K | 1.2K | Roger Lipton, 43 VP
of Sales and Marketing | 233K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|