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Arthrocare history
Arthrocare company history timeline
After sales of just $200,000 in 1995, ArthroCare began making significant inroads into the arthroscopic market during its first full year in operation.
Revenues essentially doubled each year, improving to $12.8 million in 1997, $24.6 million in 1998, and $44.2 million in 1999, before tapering off in 2000 when the company posted sales of $64 million. As a result, ArthroCare in 1999 showed a profit for the first time.
In early 2000 ArthroCare received FDA approval for its method of facial resurfacing, that is, wrinkle reducing.
In 2001 ArthroCare received approval to use Coblation technology to remove tonsils, opening up yet another source of revenues.
With almost $100 million in cash at its disposal, the company began making a number of long-term investments that resulted in a short-term drag on profits, which management hoped would hit $13 million in 2002 after reaching $10 million the prior year.
Chandler, Michele, "Sunnyvale, Calif., Scalpel Seller Maps High-Stakes Strategy of Independence," San Jose Mercury News , November 12, 2003.
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Arthrocare competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Merz Inc | - | $50.0M | 764 | 28 |
| Coloplast | 1978 | $2.1B | 500 | 81 |
| PhotoMedex | - | $12.0M | 70 | - |
| Zimmer Biomet Dental | - | $47.0M | 3,000 | - |
| Exactech | 1985 | $257.6M | 750 | 3 |
| CooperSurgical | 1958 | $3.9B | 750 | 2 |
| Precision Dynamics | 1990 | $21.0M | 200 | - |
| Imagyn Medical Technologies, Inc. | 1985 | $330.0M | 600 | - |
| Spacelabs Medical Inc | 1958 | $24.0M | 50 | - |
| Biolase | 1987 | $22.8M | 190 | - |
Arthrocare history FAQs
Zippia gives an in-depth look into the details of Arthrocare, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Arthrocare. The employee data is based on information from people who have self-reported their past or current employments at Arthrocare. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Arthrocare. The data presented on this page does not represent the view of Arthrocare and its employees or that of Zippia.
Arthrocare may also be known as or be related to ARTHROCARE CORP, ArthroCare Corp., Arthrocare and Arthrocare Corporation.