colfax Archives - Medical Design Sourcing

DJO acquires Mathys AG Bettlach

Colfax Corp.’s DJO this week announced that it entered into a definitive agreement to acquire Mathys AG Bettlach for an undisclosed amount.

Mathys makes and distributes products for artificial joint replacement, synthetic bone graft solutions and sports medicine. The acquisition is expected to strengthen DJO’s patient-focused innovation pipeline and broaden its reconstructive portfolio.

“We are very pleased by this opportunity to enlarge our successful reconstructive product portfolio with Mathys’s complimentary surgical solutions and customer base, and even more excited about our ability to quickly advance our collective orthopedic leadership outside of the United States,” DJO CEO Brady Shirley said in a news release. “Mathys’s differentiated products, deep expertise and talented global team will help us accelerate our strategic imperative of delivering superior patient outcomes around the world.”

The transaction is expected to close in the …

The 10 largest orthopedic device companies in the world

[Image from Pixaby]

Pent-up demand could make orthopedic devices a hot space in 2021.

The COVID-19 pandemic was especially brutal for the orthopedic device industry. Many of the largest companies in the space saw double-digit percentage declines in revenue in 2020. Health providers delayed or canceled elective procedures to focus on the pandemic, and patients stayed away in droves.

It’s a new year now, though, and vaccines are rolling out. People don’t want to live with a bad knee or hip or back forever. Growth will eventually return for the industry, and orthopedic device companies are positioning themselves to be ready.

Rather than hunkering down during the pandemic, many ortho device companies chose shop for new technologies and major M&A deals. They’re reorganizing and launching new products ranging from surgical robots to smart implants.

Read on and discover the latest about the w…

DJO invests in Insight Medical Systems and its augmented reality for ortho surgery

The next-gen Augmented Reality Visualization and Information System (ARVIS) [Image courtesy of Insight Medical Systems]

Colfax Corp.’s DJO has made a strategic investment in Insight Medical Systems and its Augmented Reality Visualization and Information System (ARVIS) for orthopedic surgeries.

DJO did not disclose the size of its investment in its news release. But Insight Medical Systems recently reported to the SEC on March 19 that it raised nearly $8 million from six investors.

ARVIS combines tracking cameras with both a 3D display and handsfree interface in an integrated eyepiece to support total joint arthroplasty. Insight Medical Systems says the ARVIS is set apart by its proprietary hardware designed to assist arthroplasty surgeons in enhancing component positioning precision. The result, according to the company, is improved joint arthroplasty outcomes.

“DJO has been partnering with …