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 […]
Colfax Corp.
Colfax announces board of directors for fabrication tech spinoff ESAB
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 […]
DJO parent Colfax’s medtech earnings up 29% in Q4, Enovis spinoff nears completion
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%. […]
DJO’s parent company to be called Enovis
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 […]
DJO acquires Mathys AG Bettlach
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 […]
The 10 largest orthopedic device companies in the world
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 […]
DJO acquires MedShape and its ortho materials tech
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 […]
DJO invests in Insight Medical Systems and its augmented reality for ortho surgery
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 […]
MedTech 100 roundup: Industry sees largest fall since October
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 […]
Colfax to split to create new orthopedic device giant
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 […]
DJO acquires Trilliant Surgical and its foot and ankle implants
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 […]
