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…