In this week’s podcast, senior executives from Getinge and Proximie – two very different sized companies – explain how the COVID-19 pandemic accelerated their business. In the opening keynote conversation, Eric Honroth, president, Getinge North America, explained how the company more than doubled its production of ventilators in 2020. He also discusses recent FDA clearances […]
DJO Global
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 […]
J&J leader McEvoy lays out future for medtech giant; Stryker’s Murray talks 3Dprinting
In this week’s DeviceTalks Weekly podcast — the 50th of the series— J&J’s medical device chief Ashley McEvoy makes her debut. McEvoy, EVP and chair of Medical Devices at Johnson & Johnson, delivered insights on several areas of interest including: COVID-19’s impact on J&J in the past, and what changes may remain in the future; […]
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 […]
DJO acquires LiteCure Laser Therapy
DJO today said it acquired LiteCure and its therapeutic laser technology for an undisclosed amount. New Castle, Del.-based LiteCure’s portfolio includes products marketed under the brand names of LightForce Therapy Lasers for humans and Companion for animals. “The LiteCure portfolio was a natural fit for the DJO Recovery Sciences business, bringing together a joint passion […]
The top 5 MassDevice stories of the week — November 13, 2020
The medical device industry marched on this week — with a major multibillion-dollar M&A deal closing even as worries mount over the COVID-19 pandemic, global recession, and the aftermath of the U.S. presidential election. That was a big takeaway from this week’s top news on MassDevice. Want to hear more about the week’s top news? […]
Stryker closes Wright Medical buy, sells some businesses to DJO
Stryker (NYSE:SYK) announced that it has closed the purchase of Wright Medical (NSDQ:WMGI) and sold some of its arthroplasty systems to DJO. Kalamazoo, Mich.-based Stryker announced last week that it planned to complete the $4.7 billion tender offer at its expiration, which was scheduled for 5 p.m. ET on Nov. 10, 2020. That news followed U.S. Federal […]
BREAKING: Stryker clears U.S. regulatory hurdle to buy Wright Medical
The Federal Trade Commission announced today that it plans to allow Stryker (NYSE:SYK) to proceed with its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI), provided that Stryker divest certain assets to Colfax (NYSE:CFX)/DJO Global. Stryker had proposed selling assets to DJO Global about two months ago as a way to allay FTC concerns that the deal would […]
