More M & amp;A During AAOS Week
Are acquisitions going to be a âthingâ during this yearâs American Academy of Orthopedic Surgeons (AAOS)? It certainly seems so.
There was that huge M&A announcement from Smith & Nephew on the opening day of the conference, not to mention the London-based company also announcing it would acquire BrainLabâs orthopedic joint reconstruction business.
On AAOSâs second day, Corin Group certainly seems to be in the deal-making mood by revealing itâs acquiring Omni Orthopedics. The acquisition would give the Canton, OH-based company a clear entry point into a robotic orthopedics market already inhabited by Stryker and Medtronic.
Omni was founded in 1999 and focuses on robotic-assisted knee replacement. The company has developed OmniBotics an imageless total knee replacement solution that combines a robotic cutting guide with a robotic tool to measure ligament function. The system allows tailoring of the implant positioning to each individual patient, resulting in less patient pain and faster rehabilitation.
âWith the combination of Corin's unique Optimized Positioning System for the hip and the OmniBotics platform for the knee, Corin is now uniquely positioned to address functional patient-specific joint replacement,â Stefano Alfonsi, Corinâs CEO, said in a release.
Corin and Omni will exhibit together during AAOS.
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Source: MDDI - Category: Medical Devices Authors: Omar Ford Tags: Orthopedics Source Type: news
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