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Encore Acquires OTI

By HospiMedica staff writers
Posted on 13 Mar 2005
The completion of the acquisition of Osteoimplant Technology, Inc. More...
(OTI, Hunt Valley, MD, USA) has been announced by Encore Medical (Austin, TX, USA). Encore paid about U.S.$14.5 million in cash for OTI, and will pay up to 1.5 million more in future milestone payments, as earned by OTI.

OTI is a supplier of minimally invasive surgery (MIS) orthopedic joint replacements (Total Knee, Easy Stem), spinal systems, trauma devices, and instrumentation, including a multi-axial positioning system for spinal fixation. Encore Medical is a diversified orthopedic device company that develops, manufactures, and distributes a comprehensive range of orthopedic devices, including surgical implants, sports medicine equipment, and products for orthopedic rehabilitation, pain management, and physical therapy. Encore's Surgical Implant Division offers a comprehensive suite of reconstructive joint products, trauma products, and spinal implants.

In October 2004, Encore Medical acquired Empi, Inc. (St. Paul, MN, USA) for $362 million, in a transaction designed to enable the company to provide a continuum of care for surgical and rehabilitation patients. Encore has moved from being a distributor of surgical implants to making and distributing its own line of implants.





Related Links:
Encore Medical
Osteoimplant Technology
Empi

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