“We’re excited about the momentum we’re building. We think we’ve made a good initial splash here,” Enovis CEO Matt Trerotola recently told MassDevice. One of the largest orthopedic device companies in the world, Wilmington, Delaware–based Enovis has had a string of positive news lately: Financial results swung to a profit as part of Street-beating fourth […]
Enovis
Enovis stock rises on Street-beating Q4, return to profit
Enovis shares got a boost today on fourth-quarter results that landed ahead of the consensus forecast. Shares of ENOV rose 7.4% at $64.72 apiece in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 0.5%. The Wilmington, Delaware-based company — one of the […]
Enovis’ DJO launches next-gen knee brace
Enovis‘ DJO announced today that it launched its DonJoy Roam OA knee brace for osteoarthritis or other knee pain and instability. Roam OA is the company’s latest innovation with unloader technology that unloads the pressure of unicompartmental osteoarthritis and shifts weight away from the affected knee to relieve pain, improve stability, and help improve mobility […]
Enovis completes $846M LimaCorporate acquisition
Enovis (NYSE:ENOV) announced today that it closed its nearly $850 million acquisition of orthopedic company LimaCorporate. Wilmington, Delaware-based Enovis announced its intent to acquire Lima in September. Enovis — one of the 10 largest orthopedic companies in the world — valued the deal at approximately $846.4 million (€800 million). The deal includes a $740.6 million (€700 […]
Enovis beats The Street in Q3 results, double-digit growth for reconstructive business
Enovis (NYSE:ENOV) today announced Q3 results that beat the overall consensus on Wall Street. The Wilmington, Delaware-based orthopedics company reported profit losses of $2.8 million, or -36¢ per share, on sales of $417.5 million, for the three months ended September 29. Sales were up 8.78% compared with Q3 2022 and profits were up from the $66.5 […]
Enovis to acquire LimaCorporate for more than $840M
Enovis (NYSE:ENOV) announced today that it entered into a definitive agreement to acquire orthopedic implant maker LimaCorporate. Wilmington, Delaware-based Enovis — one of the 10 largest orthopedic companies in the world — values the deal at approximately $846.4 million (€800 million). The deal includes a $740.6 million (€700 million) cash payment at closing. The remaining […]
The 10 largest orthopedic device companies in the world
Two of the world’s largest orthopedic device companies expect accelerated revenue growth this year. Stryker and Zimmer Biomet both upped their 2023 guidance during recent earnings calls, a sign that orthopedic procedures are bouncing back from the COVID-19 pandemic. GlobalData predicted earlier this year that the recovery will lift the ortho devices market to nearly $50 […]
Enovis completes Novastep acquisition
Enovis (NYSE: ENOV) announced today that it has completed its purchase of Novastep and its foot and ankle minimally invasive surgical (MIS) platform. The financial terms of the deal were undisclosed. Novastep generates about $20 million in annual revenue. “We are excited to welcome Novastep’s talented team to Enovis where we will work together to develop […]
Enovis Q1 results exceed expectations with 8% sales growth
Enovis (NYSE: ENOV) this week posted first-quarter results that beat the overall consensus on Wall Street. The Wilmington, Delaware-based company reported profit losses of $23.4 million, or 43¢ per share, on sales of $406.2 million, for the three months ended March 31, for a sales growth of 8.18% compared with Q1 2022. Profits slid from […]
Enovis to buy external fixation product line
Enovis (NYSE: ENOV) this week announced it signed a definitive agreement to acquire the Seal external fixation product line from DNE. The financial details of the deal were not disclosed. The company said the transaction is subject to customary closing conditions and is expected to close toward the end of the second quarter of 2023. […]
Enovis expands foot and ankle portfolio with knotless repair system
Enovis (NYSE: ENOV) today announced the expansion of its foot and ankle product line with the introduction of its Enofix with Constrictor technology. The company said the knotless syndesmotic repair system offers an improved solution for surgeons treating syndesmotic injuries, which commonly result from ankle fractures. The news system demonstrates superior fixation under cyclic loading, […]