On Dec. 31, Elastic Therapy’s preliminary unaudited net revenue was approximately $26 million. The financial terms of the acquisition were not disclosed.
DJO financed the acquisition through its available revolving line-of-credit. Les Cross, president and CEO of DJO, said the acquisition will grow the company’s vascular franchise. Since compression therapy products have crossed over to the athletic market, the company stands to increase its presence in multiple areas, he said in the release.
Read the DJO release on the acquisition.
Read other coverage on orthopedic and spine device company acquisitions:
– Zimmer Holdings Acquires SoPlus Orthopaedic Surgical Power Tools
– Hanger Orthopedic Group Completes Acquisition of Accelerated Care Plus
– Synthes Acquires U.S. Surgical Tools Manufacturer
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
