20 major orthopedic device company acquisitions this year

Spinal Tech

After a brief lull in the orthopedic device merger and acquisition market due to the COVID-19 pandemic, activity has picked back up toward the end of the year.

Here are 20 key transactions in the spine and orthopedic field this year, beginning with the most recent. 


Zimmer Biomet acquired A&E Medical Corp. in a $250 million transaction.

Exactech acquired Muvr Labs, a diagnostic and digital data company that develops wearable motion sensors for joint replacement patients.


Medtronic completed its seventh acquisition of the year when it bought Medicrea, a spine company specializing in artificial intelligence, predictive modeling and patient-specific implants. 

Stryker acquired Wright Medical, a company focused on orthopedic extremities and biologics. The November transaction is reported to have cost Stryker  about $4 billion in cash.

Olympus acquired FH Ortho, a France-based orthopedic device company, building upon its existing portfolio of products in ligament repair, foot and ankle surgery and trauma surgery. 

Umbra Companies, a private invest firm, initiated the acquisition of Ossifix Technologies.


Surgalign Holdings acquired Holo Surgical and its flagship technology, the ARAI surgical navigation system. Terms of the deal included a $30 million cash payment and 6.25 million shares of Surgalign common stock valued at about $12 million.


Smith+Nephew agreed to acquire the extremity orthopedics business from Integra LifeSciences for $240 million in cash. The deal is set to be completed by the end of the year.

Royal Biologics acquired the Fibrinet system from Vertical Spine, strengthening its portfolio of autologous and live cellular solutions for spinal fusion. 


Wishbone Medical acquired two spine device companies — Back 2 Basics Direct and Orbbö Surgical. The two companies focus on research, development and commercialization of sterile packaged implants and surgical tools for spinal fusion.

Wenzel Spine acquired Statera Spine, a spinal imaging analytics company that uses data and analytics to improve care decisions for patients suffering from chronic or acute spine conditions.


Montagu Private Equity acquired RTI Surgical's original equipment manufacturer business in a $480 million cash deal. RTI Surgical rebranded as Surgalign Holdings after the deal closed.


Safe Orthopaedics entered into exclusive negotiations to acquire LCI Medical, which supplies device manufacturers in the spine and hip surgery market.


Conventus Orthopaedics, a company focused on upper and lower extremities and wound care, signed a definitive agreement to acquire Flower Orthopedics.


Orthofix signed an asset purchase agreement with 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 Arthrosurface in a deal including about $60 million in cash with an additional $40 million contingent upon the achievement of certain regulatory and commercial milestones.


Medtronic acquired Stimgenics, developer of a spinal cord stimulation system.

Anika Therapeutics acquired sports medicine company Parcus Medical for $35 million with $60 million in potential incentives. 

Maruho Medical acquired Valeris Medical, expanding its portfolio for soft tissue repair procedures. 

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Podcast

Featured Whitepapers