---
title: "MiMedx Expects Approx. $40 Mln Through Restructuring, Eliminates COO Position"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283008106.md"
description: "MiMedx Group, Inc. (MDXG) has announced the elimination of the Chief Operating Officer position and plans to implement cost reduction strategies aimed at saving approximately $40 million. The company expects a one-time restructuring charge of about $4 million in Q2 2026. MiMedx aims to focus on growth opportunities and streamline operations, while its surgical business is performing well despite slow recovery in the wound care sector due to recent Medicare reimbursement changes."
datetime: "2026-04-16T13:14:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283008106.md)
  - [en](https://longbridge.com/en/news/283008106.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283008106.md)
---

# MiMedx Expects Approx. $40 Mln Through Restructuring, Eliminates COO Position

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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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