Orthofix acquires limb lengthening system in $18M deal, includes future applications for spine

Written by Alan Condon | March 26, 2020 | Print  |

Orthofix on March 26 completed the acquisition of assets associated with Fitbone, a limb lengthening system developed by German company Wittenstein SE.

Four insights:

1. Fitbone is designed for limb lengthening of the femur and tibia bones.

2. The device features a lengthening nail implanted in the bone. More than 3,500 cases have been performed with the system in over 15 countries.

3. The transaction includes the Fitspine system to treat early onset scoliosis.

4. Terms of the deal included $18 million in cash closing consideration and a manufacturing supply contract with Wittenstein SE.

More articles on devices:
6 industry layoffs, furloughs for physician leaders to know
Dr. Neal ElAttrache defends orthopedic surgeries performed during COVID-19 crisis
'The patients are deferred; they're not going away,' says Life Spine CEO on coronavirus

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