Enovis partners with Kelvi on hot and cold therapies

Enovis, the parent company of DJO, announced that it entered into a strategic partnership with Kelvi for heating and cooling therapies.

Kelvi, which develops hot and cold therapy products, will work with Enovis to deliver industry-leading therapies for rehabilitation, recovery and performance enhancement to patients and athletes of all abilities. According to a news release, DJO (as part of Enovis) will become the exclusive distributor in the orthopedic market of Kelvi’s heating and cooling therapy products.

Offering a multimodal approach to heating and cooling, Kelvi develops “smart” KelviTEC technology that applies principles of heating and cooling for medical and athletic recovery while also providing convenience for athletes, athletic trainers and medical technicians, coupled with high precision, tight temperature control, trackability and repeatability, Enovis said.

“As we expand and grow as a med-tech company, we are excited about the i…

Read more
  • 0

DJO’s parent company to be called Enovis

[Image courtesy of Colfax]Colfax (NYSE:CFX) recently announced that its planned standalone ortho device company will be called Enovis.

“Enovis symbolizes the powerful combination of innovation and vision fueled by our passion for continuous improvement and reinforced by our drive to deliver superior clinical outcomes,” Colfax CEO Matt Trerotola said during a November 4 earnings call, transcribed by The Motley Fool.

“As we strategically pivot to a specialty medtech company focused on creating solutions that improve lives, the Enovis brand emphasizes the differentiated value and accretive foresight we will bring to healthcare professionals and their patients around the world.”

Trerotola said the separation of Enovis from the ESAB fabrication tech business remains on track for a Q1 2022 completion. Trerotola will serve as CEO of Enovis, which will be headquartered in Wilmington, Delaware, with a significant presence around DJO’s D…

Read more
  • 0

DTW Podcast: Can Proximie bring safer surgery to the wider world? How is Getinge answering call for ventilators?

How did Getinge and Proximie respond to the challenges of the pandemic?

In this week’s podcast senior executives from Getinge and Proximie – two very different sized companies – explain how the COVID-19 pandemic accelerated their business.

In the opening keynote conversation, Eric Honroth, president, Getinge North America, explained how the company more than doubled its production of ventilators in 2020. He also discusses recent FDA clearances for two lines of critical devices.

In our closing keynote, Dr. Nadine Hachach-Haram, CEO and founder of Proximie, says the start-up reached its 2023-24 projected size in just a few months as hospitals and medical device companies sought the ability to collect surgeons to the outside world.

Dr. Hachach-Haram, a reconstructive surgeon, gives a detailed account of how a growing shortage of surgeons convinced her to start a technology company.

She also shares how the technology ultimately restored the life of so…

Read more
  • 0

DJO acquires MedShape

Colfax Corp.’s DJO today said it has acquired MedShape for an undisclosed amount.

The acquisition expands DJO’s foot and ankle business as MedShape develops a superelastic nickel-titanium shape memory alloy and shape memory polymer technologies. Other devices in the deal include devices for fracture fixation, joint fusion and soft tissue injury repair that utilize biomaterial technologies that are designed to improve patient outcomes.

“Based on our long-term success and deep relationships in both our prevention & recovery and recon segments, we made a strategic decision to meaningfully expand into the fast-growing foot and ankle market. We believe our acquisitions of Star, Trilliant Surgical, and now MedShape, have created a strong position in the space and will create a rapid growth platform,” DJO CEO Brady Shirley said in a news release. “MedShape’s patented technology and growing suite of foot & ankle innovations complement our existing p…

Read more
  • 0

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 world’s 10 largest orthopedic device companies.

Read more
  • 0

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.

Get the full story on our sister site Medical Design & Outsourcing. 

Read more
  • 0

J&J leader McEvoy lays out future for medtech giant; Stryker’s Murray talks 3Dprinting

J&J’s Ashley McEvoy talks COVID-19, Digital Surgery, Innovation and the future of Vision Care.

In this week’s DeviceTalks Weekly Podcast, the 50th of the series, Ashley McEvoy, Executive Vice President, Worldwide Chairman, Medical Devices, Johnson & Johnson, makes her DeviceTalks Weekly debut.

In this update, McEvoy delivers great insights on several areas of interest including:

COVID-19’s impact on J&J in the past, and what changes may remain in the future. J&J’s far-ranging digital surgery portfolio could bolster many of its specialties. How the company uses its innovation network to accelerate development Why she’s bullish on the future of eye care. How the company will prepare for future challenges.

We also talk with Naomi Murray, Director of Advanced Operations-Additive Technology at Stryker about her almost predestined path to join the orthopedics leader.

She’ll be leading the March 23 discuss…

Read more
  • 0

Colfax to split to create new orthopedic device giant

Colfax (NYSE:CFX) plans to split into two publicly traded companies early next year — with businesses including DJO forming a new stand-alone orthopedic device company.

The split — announced yesterday — will create a to-be-named medical device company headquartered in Wilmington, Del., with a significant presence in Dallas. Present Colfax CEO Matt Trerotol will lead the medtech business, with Colfax EVP Brady Shirley serving as COO. Present Colfax EVP Shyam Kambeyanda will lead the other company — called ESAB — focusing on fabrication technology and operating out of Colfax’s present Annapolis Junction, Md. headquarters.

Colfax’s Medical Technology operating segment is expected to bring in $1.4 billion this year. When it becomes a stand-alone company in Q1 2022, it will likely be either the sixth or seventh largest orthopedic device company in the world. Its ranking will depend on the size of Zimmer Biomet’s planned spine and dental business sp…

Read more
  • 0

DJO acquires Trilliant Surgical and its foot and ankle implants

DJO announced that it acquired orthopedic foot and ankle implant maker Trilliant Surgical for an undisclosed amount.

Dallas-based Colfax (NYSE:CFX) unit DJO’s acquisition is meant to support its focus on expansion into the high-growth U.S. foot and ankle market, which the company touts as a $1 billion market, according to a news release.

Trilliant’s product portfolio covers foot reconstruction/fixation procedures and the company additionally offers the novel Arsenal Foot Plating System, which features a design for greater flexibility and speed of implant placement. The companies believe the Arsenal system is poised to “be a plating leader.”

“As a foot and ankle champion since 2007, we are excited to join the DJO family and expand Trilliant Surgical’s positive patient impact globally,” Trilliant CEO Jon Olson said in the release. “DJO’s unparalleled commitment to new product development, their iconic brands and strong growth trajec…

Read more
  • 0

Stryker may sell certain assets to enable Wright Medical purchase

Stryker (NYSE:SYK) has proposed a plan to divest certain assets to Colfax (NYSE:CFX)/DJO Global in an effort to complete its acquisition of Wright Medical (NSDQ:WMGI).

Kalamazoo, Mich.-based Stryker’s proposed divestitures of its STAR total ankle replacement product, plus related assets, and its finger joint replacement products, is in connection with the Federal Trade Commission’s review of the ongoing effort to purchase Wright Medical, according to an SEC filing.

Stryker’s proposal needs regulatory approvals and the execution of definitive documents, so there is no guarantee that it will go through, the filing said.

The acquisition has been in the works for several months, as Stryker announced the $4.7 billion purchase in November 2019. Since then, the FTC increased its scrutiny of the proposed merger in January and a Wright Medical shareholder filed a proposed class-action lawsuit to block it later that month, in addition to probing …

Read more
  • 0

DJO launches two new Empowr orthopedic systems

DJO this week said it has launched its new Empowr Acetabular and Empowr Partial Knee systems.

Both systems give surgeons a comprehensive and efficient solution for all total hip arthroplasty and unicompartmental knee arthroplasty approaches and settings, according to the company.

“We are building on the proven success, deep clinical research, and differentiated design technologies of the Empowr platform with the launch of these new systems,” VP of sales and marketing Louis Vogt said in a news release. “DJO is committed to improving patient outcomes and surgeon success, and with just a single tray, these Empowr systems will enable surgeons to be more efficient and effective, especially in the rapidly growing outpatient setting.”

The Empowr Acetabular System uses anthropometric data and advanced material technologies to restore healthy kinematics and individual patient anatomy. Its titanium porous coating aids in the apposition of bone and the HXe+ liners …

Read more
  • 0