Details of the purchase agreement were not disclosed, however Orthofix indicated that current plans include a limited market release of InSWing, which is CE marked, in Europe as early as the end of the fourth quarter of 2007. The Company also indicated that the acquisition is not expected to materially impact financial results for 2007, but is expected to be slightly accretive to earnings in 2008.
About Orthofix International, N.V.
Orthofix International N.V., a global diversified orthopedic products company, offers a broad line of minimally invasive surgical, as well as non- surgical, products for the spine, orthopedic, and sports medicine market sectors that address the lifelong bone-and-joint health needs of patients of all ages, helping them achieve a more active and mobile lifestyle. Orthofix's products are widely distributed around the world to orthopedic surgeons, hospitals and patients via Orthofix's sales representatives and its subsidiaries, including Breg, Inc. and Blackstone Medical, Inc., and via partnerships with other leading orthopedic product companies including Kendall Healthcare. In addition, Orthofix is collaborating in R&D partnerships with leading medical institutions such as the Orthopedic Research and Education Foundation, the Cleveland Clinic Foundation, and the National Osteoporosis Institute. For more information about Orthofix, please visit http://www.orthofix.com.
This news release contains certain fo
|SOURCE Orthofix International N.V.|
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