Orthofix agrees to $18M deal to acquire limb lengthening system with future applications for scoliosis

Written by Alan Condon | February 04, 2020 | Print  |

Orthofix signed an asset purchase agreement with German company Wittenstein SE Feb. 4 to acquire its Fitbone platform.

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.

More articles on devices:
9 things to know about Rothman Orthopaedic Institute
Early, staged endoscopic management of spinal diseases could change the way we look at spine
Dr. Munish Gupta: 'Spinal deformity surgery is safer than ever before'

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies here.

Featured Webinars

Featured Whitepapers