Ottobock recently announced that it has invested €22.5 million in spinal cord stimulation tech developer Onward Medical. The investment, announced Oct. 24, makes Ottoback (Duderstadt Germany) the largest shareholder in Onward Medical (Eindhoven, The Netherlands). Ottobock’s board chair and owner Hans Georg Näder said: “As the innovation leader in our industry, we see great potential in […]
Ottobock
Judge orders Otto Bock to sell top U.S. microprocessor knee competitor
A judge has ordered prosthetics maker Otto Bock Healthcare North America to sell a competitor it acquired in 2017. Otto Bock (Austin, Texas) and smaller competitor Freedom Innovations (Irvine, Calif.) are the top U.S. sellers of microprocessor-equipped prosthetic knees, according to the U.S. Federal Trade Commission, which began seeking the divestiture shortly after the merger. […]
Report: Prosthetic maker Ottobock to expand into exoskeletons
German prosthetics maker Ottobock is looking to enter the field of mechanical exoskeletons, according to a recent Reuters report. The company’s initial foray will focus mainly on manual labor and industrial use, though its initial development in the field was intended to aid individuals with partial paralysis or spinal injuries, according to the report. The […]
Private equity shop EQT leads the pack in chase for Ottobock
Private equity shop EQT is reportedly the leading bidder for a stake in Germany’s Ottobock, the world’s largest maker of artificial limbs, as talks with rival PE player CVC continue. EQT and CVC are vying for a 20% share in Ottobock’s bread-and-butter healthcare business ahead of an eventual public listing, “people familiar with the matter” told Reuters. Other bidders, […]
7 medtech stories we missed this week: May 12, 2017
From Bioness’s new distribution deal to InBrace’s launch of new braces technology, here are 7 medtech stories we missed this week but thought were still worth mentioning. 1. Obalon receives approval to commercialize in Middle East Obalon Therapeutics announced in a May 11 press release that it has received regulatory approvals in select Middle East […]
