Healthcare Industry News: joint replacement
News Release - March 5, 2007
Tornier Announces the Acquisition of DVO Extremity SolutionsCompany Also Confirms Closing of Previously Announced Acquisition of Nexa Orthopedics.
EDEN PRAIRIE, Minn.--(HSMN NewsFeed)--Tornier announced today that it has agreed to acquire DVO Extremity Solutions ("DVO"), a privately held company based in Warsaw, Indiana. Tornier, a global orthopedic company and a leader in the markets for shoulder joint replacement and extremity surgical products, also confirmed the closing of the previously announced acquisition of Nexa Orthopedics that was pending regulatory clearances.
DVO was founded in 2004 with the mission to focus on the product and technology needs of its orthopedic surgeon customers and their patients. In collaboration with leading surgeons and researchers, DVO is developing a portfolio of innovative products for upper extremity applications. During 2005 and 2006 DVO launched a series of distal radius fracture repair systems, and already has established itself as a leader and innovator in this large and fast growing segment of the extremity orthopedics market.
Doug Kohrs, President and CEO of Tornier, commented, "We are very excited to welcome the DVO team and its products to the Tornier family. This acquisition, along with the recently closed acquisition of Nexa Orthopedics, confirms Tornier's commitment to both market and technologic leadership in the dynamic and underserved extremities marketplace."
Rod Mayer, President and CEO of DVO Extremity Solutions said, "Tornier is in the process of establishing a franchise in the orthopedic industry that is truly unique, based on both its commitment to innovation and its approach to the market. We look forward to DVO's opportunity to contribute to that process."
About Tornier: Tornier develops and markets medical devices designed to restore joint function and return patients to an active and healthy lifestyle. The company's innovative extremity products include the Aequalis cemented, press fit, and reversed shoulder arthroplasty prostheses, a proximal humeral fracture treatment system, a shoulder resurfacing head as well as elbow, ankle, and radial head prostheses.
For more information regarding Tornier and its novel U.S. product line, visit our website at www.tornier-us.com. For more information about DVO Extremity Solutions, visit dvosolutions.com. For more information about Nexa Orthopedics, visit www.nexaortho.com.
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