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 […]
Lima Corporate
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 […]
Former NuVasive executive takes corner office at LimaCorporate
LimaCorporate announced today that its board of directors appointed former NuVasive executive Massimo Calafiore as its new CEO. Calafiore resigned as NuVasive’s chief commercial officer last month. He also served as an EVP at the orthopedic device company before his departure. Before serving as EVP and CCO, Calafiore oversaw NuVasive’s product marketing and commercial functions. […]
Orthofix partners with LimaCorporate on hip dislocation solution
Orthofix Medical (Nasdaq:OFIX) announced today that it entered into a licensing partnership for the U.S. market with LimaCorporate. The licensing partnership aims to provide a novel solution for patients with the challenging condition of chronic high dislocation of the hip. It will combine the limb-lengthening technology of Orthofix’s Fitbone intramedullary nail system with LimaCorporate’s proprietary, […]
LimaCorporate inks milestones deal with TechMah Medical
LimaCorporate said it agreed to acquire TechMah Medical and its digital tools for orthopedic procedures in a milestone-based deal worth an unspecified amount. The plan calls for the TechMah team to develop software and smart instruments for Lima’s line of 3D-printed implants. Knoxville, Tenn.-based TechMah’s founder, Mohamed Mahfouz, is slated to stay with the company and […]
InVivo Therapeutics lifts Toselli to permanent prez, CEO | Personnel Moves February 6, 2018
InVivo Therapeutics (NSDQ:NVIV) said yesterday it made Dr. Richard Toselli’s spot in the corner office permanent, lifting him from acting CEO to prez and CEO. Dr. Toselli will maintain his position on the company’s board and as its chief medical officer, the position he was given when he joined the company last July. Prior to joining InVivo, […]
Spinal Elements lifts former COO Blain to the corner office | Personnel Moves November 30, 2017
Spinal Elements, previously known as Amendia, said this week it is lifting co-founder and current prez & COO Jason Blain to the position of prez & CEO, effective immediately. Prior to coming on to co-found Spinal Elements, Blain served in various roles with medtech companies Smith & Nephew (NYSE:SNN), Alphatec (NSDQ:ATEC) and NuVasive Inc. (NSDQ:NUVA). Blain is replacing […]
Lima, IPG ink value-based ortho offering partnership deal
Lima Corporate and device benefit management solutions provider IPG said today they inked a partnership deal to support value-based care delivery of Lima’s orthopedic products in the US. Atlanta, Ga.-based IPG is focused on the commercial health care market, looking to support the delivery of value-based care for high cost surgical procedure for health plan clients. […]
Private Equity firm EQT buys Lima
Lima Corporate said today private equity firm EQT acquired it through the purchase of the majority of the company’s shares, shifting ownership from Ardian. The transaction is still subject to regulatory approval in European jurisdictions, the company said. “EQT has followed Lima for almost ten years and we are impressed by the Company’s growth history as well as […]
Lima closes Zimmer Japanese asset buyout
Lima Corporate said earlier this month it closed its purchase of Zimmer Biomet‘s (NYSE:ZBH) unicompartmental high flex knee and discovery elbow systems in the Japanese market, as well as the Japanese supply chain. The deal closed after receiving approval from the Japanese Fair Trade Commission, Italian Lima said. “ZUK, now rebranded Physica ZUK, will open doors in […]
Lima picks up Zimmer Biomet assets in Japan
Lima Corporate said last week it picked up more international knee and elbow assets being offloaded by Zimmer Biomet (NYSE:ZBH), this time in Japan. The buy includes rights to the Unicompartmental High Flex Knee and Discovery elbow system in the Japanese market, which Lima Corporate said is estimated to clock in at more than $450 million […]
