RTIX RTI Surgical Holdings

RTI Surgical® Announces Cigna’s Positive Medical Coverage Policy for Minimally Invasive SI Joint Fusion Surgery Using the SImmetry® System

RTI Surgical® Announces Cigna’s Positive Medical Coverage Policy for Minimally Invasive SI Joint Fusion Surgery Using the SImmetry® System

Cigna’s policy covers the use of all FDA-cleared implants placed across the SI joint and intended to promote bone fusion

DEERFIELD, Ill., Dec. 16, 2019 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announced that Cigna Corporation, a global health service company, issued a positive medical coverage policy for minimally invasive sacroiliac (SI) joint fusion under certain medically necessary criteria. This policy covers the use of all FDA-cleared implants placed across the SI joint and intended to promote bone fusion, including the use of RTI’s SImmetry® Sacroiliac Joint Fusion System. The SImmetry System is a minimally invasive surgical solution that uses proprietary decortication technology, bone grafting and threaded fixation to facilitate bone fusion, providing an opportunity for long-term pain relief.

“RTI is pleased with Cigna’s new coverage policy for minimally invasive SI joint fusion procedures, including those completed with our SImmetry System,” said Camille Farhat, President and CEO, RTI Surgical. “Our clinical distinction for the SImmetry System continues to strengthen, with interim results of the EVoluSIon study for 148 patients at 12 months showing 71 percent of patients with significant pain reduction, a 60 percent decrease in the number of patients using opioids and 86 percent of patients satisfied with their SImmetry System implant.”

Cigna, the fourth-largest medical insurance company in the U.S. with nearly 15 million customers, made its new policy, “Lumbar Fusion for Spinal Instability and Degenerative Disc Conditions, Including Sacroiliac Fusion,” effective as of December 10, 2019, which can be .

About RTI Surgical Holdings, Inc.

RTI Surgical is a leading global surgical implant company providing surgeons with safe biologic, metal and synthetic implants. Committed to delivering a higher standard, RTI’s implants are used in sports medicine, general surgery, spine, orthopedic and trauma procedures and are distributed in nearly 50 countries. RTI has four manufacturing facilities throughout the U.S. and Europe. RTI is accredited in the U.S. by the American Association of Tissue Banks and is a member of AdvaMed. For more information, please visit . Connect with us on  and . Clinical cases are unique and individual results may vary. Regulatory approvals vary by country. Therefore, we kindly ask you to contact your RTI Surgical regional leader regarding availability of specific products, implants and/or instrumentation in your region.

Forward-Looking Statements

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.

Steven Cohen

Media Contact



Molly Poarch

Investor Contact



EN
16/12/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on RTI Surgical Holdings

 PRESS RELEASE

Surgalign Holdings, Inc. (formerly RTI Surgical Holdings, Inc.) Announ...

Surgalign Holdings, Inc. (formerly RTI Surgical Holdings, Inc.) Announces Closing of Sale of OEM Business, Name and Ticker Change, and Leadership Transitions After-tax proceeds from the OEM sale will be utilized to repay all outstanding indebtedness and redeem outstanding Series A Convertible Preferred StockCompany has been renamed Surgalign Holdings, Inc and will trade under the ticker “SRGA” effective July 23, 2020 DEERFIELD, Ill., July 20, 2020 (GLOBE NEWSWIRE) -- Surgalign Holdings, Inc. (formerly RTI Surgical Holdings, Inc.) (Nasdaq: RTIX), a global surgical implant company, today a...

 PRESS RELEASE

RTI Surgical Announces Stockholder Approval for Sale of OEM Business, ...

RTI Surgical Announces Stockholder Approval for Sale of OEM Business, Planned Name and Ticker Change, and Leadership Transitions DEERFIELD, Ill., July 15, 2020 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announced that following the Company’s annual stockholder meeting, which included an annual meeting of the stockholders, the Company has received all of the necessary approvals for the sale of the OEM business. The Company expects the transaction to close on Monday, July 20, 2020. “We are pleased to announce the stockholder app...

 PRESS RELEASE

RTI Surgical Holdings, Inc.® to Hold Virtual-Only Annual Meeting of S...

RTI Surgical Holdings, Inc.® to Hold Virtual-Only Annual Meeting of Stockholders DEERFIELD, Ill., July 02, 2020 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announced that, due to the public health impact of the coronavirus outbreak (COVID-19), its Annual Meeting of Stockholders, to be held on Wednesday, July 15, 2020 at 9:00 a.m. Central Daylight Time (the “Annual Meeting”), has been changed to a virtual-only meeting. Stockholders will not be able to attend the Annual Meeting in person this year. Stockholders are entitled to par...

 PRESS RELEASE

RTI Surgical Holdings, Inc.® Provides Business Updates

RTI Surgical Holdings, Inc.® Provides Business Updates DEERFIELD, Ill., June 30, 2020 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today provided a business update in conjunction with releasing financial and operating results for the quarter ended March 31, 2020. Business Update Highlights: Scheduled special meeting of stockholders for July 15, 2020 to vote on sale of OEM businessAnnounced two senior leadership appointments and a new director to support transition to a pure-play global spine companyFirst quarter 2020: Revenue of $7...

 PRESS RELEASE

RTI Surgical Holdings, Inc.® Schedules Business Update Call for June...

RTI Surgical Holdings, Inc.® Schedules Business Update Call for June 30, 2020 DEERFIELD, Ill., June 24, 2020 (GLOBE NEWSWIRE) -- RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announced it plans to hold a business update call, and in conjunction release financial and operating results for the quarter ended March 31, 2020, on Tuesday, June 30, 2020, prior to the market open. RTI will host a conference call and simultaneous audio webcast at 9:00 a.m. ET. The conference call can be accessed by dialing (877) 383-7419 (U.S.) or (760) 666-3754 (Interna...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch