Four insights:
1. The Fitbone intramedullary lengthening system is designed for limb lengthening of the femur and tibia bones.
2. Fitbone features a lengthening nail that is implanted in the bone. More than 3,500 cases have been performed with the system in over 15 countries.
3. Wittenstein SE is developing a similar technology, Fitspine, for early onset scoliosis, which will be included in the acquisition.
4. The transaction includes $18 million in cash closing considerations and a manufacturing supply contract with Wittenstein SE.
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