Medtronic, Orthofix & more: 4 recent spine, orthopedic device company acquisitions

Written by Alan Condon | February 07, 2020 | Print  |

Here are four spine and orthopedic device company acquisitions announced or completed in the past month.

Medtronic acquired Stimgenics, developer of the Differential Target Multiplexed spinal cord stimulation therapy, which is used to treat patients with chronic pain.

Orthofix signed an asset purchase agreement with German company Wittenstein SE to acquire its Fitbone platform, which has potential applications for early onset scoliosis. The transaction includes $18 million in cash closing considerations and a manufacturing supply contract with Wittenstein SE.

Anika Therapeutics acquired sports medicine company Parcus Medical for $35 million with $60 million in potential incentives. Parcus Medical's product portfolio facilitates surgeries of the shoulder, knee, hip and distal extremities.

Maruho Medical acquired orthopedic surgical device company Valeris Medical in Marietta, Ga. The acquisition expands Maruho Medical's portfolio for soft tissue repair procedures. 

More articles on devices:
SeaSpine, 7D Surgical team to distribute navigation system for spine, neurosurgery
Ex-Olympic sports medicine chief sues, claims he was fired for reporting sexual abuse
Dr. Tom Price, former US Secretary of Health and Human Services, joins Sanuwave Health board of directors

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

Top 40 Articles from the Past 6 Months