Safe Orthopaedics negotiates acquisition of LCI Medical, strives for financial balance in 2022

Alan Condon -   Print  |

Spinal implant developer Safe Orthopaedics on May 6 entered into exclusive negotiations to acquire LCI Medical, which supplies device manufacturers in the spine and hip surgery market.

LCI Medical is a device company with production lines in France and Tunisia, and serves as a supplier to Safe Orthopaedics.

The company reported a turnover of $2.81 million dollars in 2019, with Safe Orthopaedics covering more than 30 percent of LCI Medical's turnover.

The acquisition will allow Safe Orthopaedics to incorporate the entire production value chain — conception, technology, production, distribution and hospital services — into its operations and open the door for new growth opportunities and partnerships in the orthopedic field.

Editor's note: This article converted LCI Medical's 2019 turnover from euro to U.S. dollars using market exchange rates on May 6.

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