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.