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DJO Finance reports Q4, 2013 net loss

DJO Global Inc., a provider of medical device solutions for musculoskeletal health, vascular health and pain management, announced financial results for its public reporting subsidiary, DJO Finance LLC, for the fourth quarter and fiscal year ended Dec. 31, 2013.

For the fourth quarter, DJOFL reported a net loss attributable to DJOFL of $131.8 million, compared to a net loss of $47.0 million for the fourth quarter of 2012. The increase in the net loss was due primarily to a year-end write-off of goodwill of $106.6 million, whereas the net loss for the fourth quarter of 2012 included a loss on modification and extinguishment of debt of $27.5 million.

For the 12 months ended Dec. 31, DJOFL reported a net loss of $203.5 million, compared to a net loss of $119.2 million for the 12 months of 2012.

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