Exactech (NSDQ:EXAC) announced today that it appointed Darin Johnson to succeed David Petty as president & CEO, effective immediately. Petty is slated to transition from his CEO role to become the vice-chairman of Exactech’s board of directors. The Gainesville, Fla.–based company added that David Petty’s parents — co-founders Dr. Bill Petty, the current co-executive chairman, and […]
Exactech acquires Italian distributor
Exactech (NSDQ:EXAC) announced that it acquired its independent distribution partner, Exactech Italia, creating a new corporate subsidiary. The acquisition was made official yesterday and includes all shares of the Brescia, Italy-based importer and distributor of Gainesville, Fla.-based Exactech’s orthopedic implants, instrumentation and advanced surgical technologies. Financial terms of the agreement were not disclosed but it marks […]
Exactech touts knee research
Exactech (NSDQ:EXAC) revealed results from 10 new studies that the company said highlighted the benefit of its knee and shoulder implants. Two knee-related studies focused on results from Exactech’s Truliant total knee arthroplasty cases and postoperative outcomes with the Optetrak Logic knee system for both men and women. Two further studies centered around the Equinoxe for […]
First patients implanted with Exactech’s non-cemented Truliant knee
Exactech (NSDQ:EXAC) today announced the successful first surgeries involving its Truliant Porous knee implant. Truliant Porous is a non-cemented implant system that Exactech said is designed for reproducibility and efficiency in total knee arthroplasty. Truliant Porous is designed to reduce micromotion and aid potential bony in-growth, according to the company. The system features a unique […]
Exactech wins FDA nod for Alteon Cup, XLE liner acetabular system
Exactech (NSDQ:EXAC) said today it won FDA 510(k) clearance for its new Alteon Cup and XLE liner acetabular system. The Gainesville, Fla.-based company said that the newly released devices are integrated into its Alteon Platform system. The Alteon Cup will include multiple implant configurations and bearing options and features an asymmetric porous coating. Exactech said that […]
Exactech acquires XpandOrtho
Exactech (NSDQ:EXAC) said today that it acquired knee replacement surgery instrument maker XpandOrtho for an undisclosed amount. Gainesville, Fla.-based Exactech said that it plans to incorporate XpandOrtho’s soft tissue balancing technology into its ExactechGPS computer-assisted surgery system designed to support shoulder and knee replacements. “This allows our technology, which has been in development for more than […]
Exactech wins FDA nod for Equinoxe stemless shoulder
Exactech (NSDQ:EXAC) said yesterday it won FDA clearance for its Equinoxe stemless shoulder prosthesis designed to be compatible for use with the Equinoxe shoulder system. The Gainesville, Fla.-based company said the system is designed for anatomic total shoulder arthroplasty procedures and features a 3D porous structure and an incorporated bone cage for bone through-growth to increase biologic […]
Exactech closes $737m go-private sale to TPG Capital
Exactech (NSDQ:EXAC) late yesterday announced the closing of its $737 million go-private sale to TPG Capital, with TPG acquiring all issued and outstanding stock of the company. TPG paid approximately $49.25 per share for each share of the Gainesville, Fla.-based company, up from an initial $42 per share offer it made to the company in October. The deal […]
Exactech shareholders approve $733m go-private sale to TPG Capital
Exactech (NSDQ:EXAC) said today its shareholders voted to approve its $733 million go-private sale to TPG Capital. TPG will pay approximately $49.25 per share for each share of the Gainesville, Fla.-based company, up from an initial $42 per share offer it made to the company in October. A total of 94.5% of shareholders voted in favor […]
Exactech touts 1st Vantage total ankle mobile bearing procedure
Exactech (NSDQ:EXAC) said this week its Vantage total ankle mobile bearing system was used in its first commercial surgery. The procedure to implant the Vantage total ankle system was performed by Swiss Ortho Center Basel chair and device design member Dr. Victor Valderrabano in Switzerland, the Gainesville, Fla.-based company said. The case included both an ankle […]
TPG Capital adds $108m to Exactech price
Exactech (NSDQ:EXAC) said today that TPG Capital raised its go-private bid for the orthopedics company by some $108 million, or more than 17%. TPG in October offered $42 per share for the Gainesville, Fla.-based company, for a valuation of about $625 million. Today Exactech said TPG raised the bid 17.3% to $49.25 per share, which would put the […]
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