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 Inc.
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 […]
Exactech to go private in TPG Capital acquisition
Exactech (NSDQ:EXAC) said it inked a definitive merger agreement to be acquired by TPG Capital in a move that will take the company private. Under the deal, TPG Capital will pay approximately $42 per share to acquire all outstanding shares of Gainesville, Fla.-based Exactech, excluding a select number of management stockholders who agreed to exchange a portion […]
Med device firms update on impact, recovery from recent natural disasters
A number of medical device companies with facilities in Texas, Florida, Puerto Rico and California updated this week on the revenue impacts and recovery efforts from major hurricanes and wildfires which have slowed production and shut down facilities across the US. Baxter updates on Hurricane Maria recovery Healthcare giant Baxter (NYSE:BAX) said it expects to see a […]
Exactech debuts ExactechGPS TKA Plus total knee surgery planning software
Exactech (NSDQ:EXAC) said today it launched its ExactechGPS TKA Plus software application designed to provide surgeons with real-time intraoperative computer guidance during total knee arthroplasty procedures. The ExactechGPS is designed for guided, personalized joint replacement surgery, the Gainesville, Fla.-based company said. The new TKA Plus application provides a simple tool to plan, guide and verify steps […]
Exactech wins Japanese nod for shoulder, knee, hip replacement systems
Exactech (NSDQ:EXAC) said today that won Japanese approval for its shoulder, knee and hip replacement systems and that the devices had been recently used in their 1st procedures in the region. The Gainesville, Fla.-based company said it won regulatory approval to introduce additional products from its 3 segments to the Japanese market, including its Optetrak Logic […]
7 medtech stories we missed this week: June 9, 2017
From 3M’s expanded 510(k) clearance for its Tegaderm dressing to Medtronic and Acacia burying the hatchet, here are 7 medtech stories we missed this week but thought were still worth mentioning. 1. InspireMD inks Taiwanese distro deal for CGuard InspireMD announced in a June 8 press release that it has signed a distribution deal with […]
