MiMedx Group, Inc. (MDXG) Thursday announced elimination of the position of Chief Operating Officer, held by Ricci Whitlow and a series of cost reduction plans to save approximately $40 million. Further, the company now projects one-time restructuring charge of approximately $4 million during the second quarter of 2026.
MiMedx plans to prioritize growth opportunities, streamline operations and significantly reduce operating expenses.
According MiMedx, the surgical business continues to flourish and warrants additional investments, wound care business, along with the broader market, is recovering from the January 1st Medicare reimbursement reduction at a very slow rate.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.