A robotics company and the developer of a minimally invasive surgical drill are two of the latest acquisitions in the orthopedic medtech industry:
1. Synthes GMBH, Johnson & Johnson's orthopedics company, acquired Israel-based robotics company OrthoSpin for $79.5 million.
The transaction includes AutoStrut G2, OrthoSpin's digitally enabled strut robot that automates strut adjustments for external circulation fixation. The technology is used in bone lengthening, setting complex fractures and correcting limb deformities.
2. Globus Medical acquired Capstone Surgical Technologies, a Troy, Mich.-based company that developed a surgical drill that uses oscillating technology for bone removal, disk removal and screw insertion in minimally invasive spine surgery.
"This technology is an important element in our plan to incorporate safe, efficient tissue removal capability into our robotic platforms in the future," Globus Medical CEO Dave Demski said during the company's third-quarter earnings call on Nov. 4.