6 spine, orthopedic device company acquisitions in 2020 — Medtronic, Orthofix & more

Spine

Here are six spine and orthopedic device company acquisitions in 2020 so far:

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

2. Conventus Orthopaedics in April signed a definitive agreement to acquire Flower Orthopedics. Terms of the deal were not disclosed.

3. Orthofix in February signed an asset purchase agreement with German company 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.

4. Medtronic in January acquired Stimgenics, developer of the Differential Target Multiplexed spinal cord stimulation therapy, which is used to treat patients with chronic pain.

5. In January, Anika Therapeutics acquired sports medicine company Parcus Medical for $35 million with $60 million in potential incentives. Parcus Medical's product portfolio facilitates surgeries of the shoulder, knee, hip and distal extremities.

6. Maruho Medical in January acquired orthopedic surgical device company Valeris Medical. The acquisition expands Maruho Medical's portfolio for soft tissue repair procedures. 

More articles on devices:
Medtronic's pipeline includes spine, robotics innovations despite pandemic setbacks
3 spine, neurosurgery device recalls in the past year
Aetna to cover sacroiliac joint fusion under new policy 

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