Vilex Inc and external fixation technology acquired by OrthoPediatrics Corp

OrthoPediatrics Corp. recently announced the acquisition of Vilex Inc. and Orthex LLC, including its Orthex Hexapod circular fixation technology and CORA-based X-ray planning software, for a total of $60 million.

“This transaction closes the biggest gap in our trauma and deformity product offering. It increases our coverage of the trauma and deformity market from 60% to 80%, while also adding a number of foundational products in pediatric foot and ankle surgery in anticipation of the imminent launch of our PediFoot system. It also expands [OrthoPediatrics’] surgeon base to those deformity correction surgeons who treat children but may not practice in pediatric hospitals,” Mark Throdahl, president and CEO of OrthoPediatrics, said in a press release.

Vilex is a foot and ankle surgery company that focuses on treating pediatric and adult patients. Its Orthex technology is used to treat a variety of pediatric congenital deformities and limb length discrepancies, such as ankle equinus, Blount’s disease and genu recurvatum. The Orthex Hexapod system offers easily calibrated struts and infection-reducing hydroxyapatite-coated pins. The software used in the system was developed by company founder Abraham Lavi, PhD, and Dror Plaey, MD, of the Paley Institute.

Reference:

http://ir.orthopediatrics.com/news-releases/news-release-details/orthopediatrics-announces-acquisition-vilex-and-novel-external

OrthoPediatrics Corp. recently announced the acquisition of Vilex Inc. and Orthex LLC, including its Orthex Hexapod circular fixation technology and CORA-based X-ray planning software, for a total of $60 million.

“This transaction closes the biggest gap in our trauma and deformity product offering. It increases our coverage of the trauma and deformity market from 60% to 80%, while also adding a number of foundational products in pediatric foot and ankle surgery in anticipation of the imminent launch of our PediFoot system. It also expands [OrthoPediatrics’] surgeon base to those deformity correction surgeons who treat children but may not practice in pediatric hospitals,” Mark Throdahl, president and CEO of OrthoPediatrics, said in a press release.

Vilex is a foot and ankle surgery company that focuses on treating pediatric and adult patients. Its Orthex technology is used to treat a variety of pediatric congenital deformities and limb length discrepancies, such as ankle equinus, Blount’s disease and genu recurvatum. The Orthex Hexapod system offers easily calibrated struts and infection-reducing hydroxyapatite-coated pins. The software used in the system was developed by company founder Abraham Lavi, PhD, and Dror Plaey, MD, of the Paley Institute.

Reference:

http://ir.orthopediatrics.com/news-releases/news-release-details/orthopediatrics-announces-acquisition-vilex-and-novel-external