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Colfax Corp.

DJO parent Enovis completes ESAB spinoff, becomes stand-alone ortho device company

April 5, 2022 By Sean Whooley

DJO parent company Enovis (NYSE:ENOV) announced today that it completed the spinoff of its fabrication technology business, ESAB (NYSE:ESAB). Following the split,  Enovis — formerly Colfax — becomes a new stand-alone orthopedic device company, while ESAB will focus on fabrication technology operating out of the Colfax headquarters in Annapolis Junction, Maryland. According to a news […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, News Well, Orthopedics, Wall Street Beat Tagged With: Colfax Corp., DJO, Enovis, ESAB

Colfax announces board of directors for fabrication tech spinoff ESAB

March 28, 2022 By Sean Whooley

Colfax (NYSE:CFX) today announced the first board of directors for its previously announced fabrication technology spinoff. Wilmington, Delaware-based Colfax announced its plans last year to split into two publicly traded companies in 2022. Businesses including DJO will form a new stand-alone orthopedic device company called Enovis, while the other company — called ESAB — will […]

Filed Under: Business/Financial News, Featured, Orthopedics Tagged With: Colfax Corp., Enovis, ESAB, Personnel Moves

DJO parent Colfax’s medtech earnings up 29% in Q4, Enovis spinoff nears completion

February 23, 2022 By Sean Whooley

Colfax (NYSE:CFX) shares ticked up slightly on fourth-quarter results that demonstrated impressive growth in medical device sales. The Wilmington, Delaware-based company posted profits of $10 million, or 6¢ per share, on sales of more than $1 billion for the three months ended Dec. 31, 2021, for a 75.6% bottom-line slide on sales growth of 23.6%. […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Orthopedics, Wall Street Beat Tagged With: Colfax Corp., DJO, Enovis

DJO’s parent company to be called Enovis

November 15, 2021 By Chris Newmarker

Colfax (NYSE:CFX) recently announced that its planned standalone ortho device company will be called Enovis. “Enovis symbolizes the powerful combination of innovation and vision fueled by our passion for continuous improvement and reinforced by our drive to deliver superior clinical outcomes,” Colfax CEO Matt Trerotola said during a November 4 earnings call, transcribed by The […]

Filed Under: Business/Financial News, Featured, News Well, Orthopedics, Wall Street Beat Tagged With: Colfax Corp., DJO, DJO Global, Enovis

DJO acquires Mathys AG Bettlach

June 9, 2021 By Danielle Kirsh

Colfax Corp.’s DJO this week announced that it entered into a definitive agreement to acquire Mathys AG Bettlach for an undisclosed amount. Mathys makes and distributes products for artificial joint replacement, synthetic bone graft solutions and sports medicine. The acquisition is expected to strengthen DJO’s patient-focused innovation pipeline and broaden its reconstructive portfolio. Get the full story […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Orthopedics Tagged With: Colfax Corp., DJO, Mathys

The 10 largest orthopedic device companies in the world

April 27, 2021 By Chris Newmarker

Pent-up demand could make orthopedic devices a hot space in 2021. The COVID-19 pandemic was especially brutal for the orthopedic device industry. Many of the largest companies in the space saw double-digit percentage declines in revenue in 2020. Health providers delayed or canceled elective procedures to focus on the pandemic, and patients stayed away in […]

Filed Under: Business/Financial News, Featured, Orthopedics, Spine Tagged With: Colfax Corp., DePuy Synthes, DJO Global, Johnson & Johnson, Johnson and Johnson, Medtronic, Nuvasive, Orthofix, SeaSpine, Smith+Nephew, Stryker, Zimmer Biomet

DJO acquires MedShape and its ortho materials tech

April 26, 2021 By Danielle Kirsh

Colfax Corp.’s DJO today said it has acquired MedShape for an undisclosed amount. The acquisition expands DJO’s foot and ankle business as MedShape develops a superelastic nickel-titanium shape memory alloy, as well as shape memory polymer technologies. Other technologies in the deal include devices for fracture fixation, joint fusion and soft tissue injury repair that […]

Filed Under: Featured, Mergers & Acquisitions, Orthopedics Tagged With: Colfax Corp., DJO Global, MedShape Inc

DJO invests in Insight Medical Systems and its augmented reality for ortho surgery

March 30, 2021 By Chris Newmarker

Colfax Corp.’s DJO has made a strategic investment in Insight Medical Systems and its Augmented Reality Visualization and Information System (ARVIS) for orthopedic surgeries. DJO did not disclose the size of its investment in its news release. But Insight Medical Systems recently reported to the SEC on March 19 that it raised nearly $8 million […]

Filed Under: Business/Financial News, Featured, Funding Roundup, News Well, Orthopedics, Software / IT, Surgical Tagged With: augmented reality, Colfax Corp., DJO Global, Insight Medical Systems

MedTech 100 roundup: Industry sees largest fall since October

March 8, 2021 By Sean Whooley

The medtech industry’s hot start to 2021 has finally come to a full halt after stocks fell harder than they had in more than four months. MassDevice‘s MedTech 100 index ended the week (March 5) at 103.3 points, marking a -3.1% dip from the 106.65-point mark set one week before (Feb. 26). In less than a […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Amgen, Asensus Surgical, BD, becton dickinson, Boston Scientific, Colfax Corp., conformis, coronavirus, COVID-19, Five Prime Therapeutics, GSL Solutions, Hillrom, LivaNova, MedTech 100 Index, Medtronic, Permira, Senseonics, TransEnterix

Colfax to split to create new orthopedic device giant

March 5, 2021 By Chris Newmarker

Colfax (NYSE:CFX) plans to split into two publicly traded companies early next year — with businesses including DJO forming a new stand-alone orthopedic device company. The split — announced yesterday — will create a to-be-named medical device company headquartered in Wilmington, Del., with a significant presence in Dallas. Present Colfax CEO Matt Trerotol will lead […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, News Well, Orthopedics Tagged With: Colfax Corp., DJO Global

DJO acquires Trilliant Surgical and its foot and ankle implants

January 20, 2021 By Sean Whooley

DJO announced that it acquired orthopedic foot and ankle implant maker Trilliant Surgical for an undisclosed amount. Dallas-based Colfax (NYSE:CFX) unit DJO’s acquisition is meant to support its focus on expansion into the high-growth U.S. foot and ankle market, which the company touts as a $1 billion market, according to a news release. Trilliant’s product portfolio […]

Filed Under: Business/Financial News, Featured, Implants, Mergers & Acquisitions, Orthopedics Tagged With: Colfax Corp., DJO Global, trilliantsurgical

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