Encore warns of loss on reorganisation
This article was originally published in Clinica
Executive Summary
US orthopaedics company Encore Medical says that a reorganisation of its sales and marketing department, as well as rationalisation of its product line, will mean a loss for the company in the fourth quarter and for the full year. However, the Austin, Texas company says that the short-term costs involved in the reorganisation will not deter Encore from attempting to grow by acquisition.