Navigation Links
Ossur Acquires the U.S. Orthopaedics Company

Iceland-based Ossur hf., a global orthopaedics company, has acquired Innovation Sports, Inc., a U.S.-based ligament brace maker for $ 38.4 million.

The acquisition of Innovation Sports comes on the heels of Ossur's July 2005 acquisition// of Royce Medical in the U.S., and the December 2005 acquisition of IMP Holdings in the U.K. With these acquisitions, and its 2003 acquisition of Generation II, Ossur aspires to be one of the world's largest, and diversified companies in the braces and support market.

Ossur president & CEO Jon Sigurdsson said Innovation Sports would give Ossur a leading edge in ligament braces, the largest segment of the braces and support market, and accelerate Ossur's strategic initiative to advance in the orthopaedics market with improved operating efficiencies and other synergies.

Innovation Sports, based in Foothill Ranch, California, established in 1983, has 150 employees with the U.S. (50% sales), Canada (10%) and central Europe (40%) as its main markets. The company specializes in the manufacture of knee braces for the treatment of ligament injuries and rehabilitative uses, as well as protective braces for athletes. It also has product lines that address pain management and wrist braces, which are new to the Ossur product portfolio.

For the fiscal year ending 31 December 2005, Innovation Sports is expecting sales of $19 million and a normalized EBITDA margin of 19%. In connection with the acquisition, Ossur expects to incur approximately $3 million of integration and restructuring expenses in 2006 fully expensed in Q1, but projects that these efforts will yield approximately $4 million of annual cost savings beginning in 2007.

In connection with the acquisition, additional funding of $40 million has been provided by Kaupting bank hf.

Ossur is a trusted and global leader in the development, manufacturing, distribution, sales and marketing of braces and support products and prosthetic s. Headquartered in Reykjavik, Iceland, the company has operations and a distribution network throughout the world.
'"/>




Related medicine news :

1. Stem of Hope: Stem Cell Research Acquires a Brittle Star As A model
2. Pfizer Acquires Worldwide Rights For New Overactive Bladder Drug
3. Premier Army Hospital Acquires PET-CT Scanner
4. Indoco Remedies Acquires La Nova Chem
5. Ranbaxy Acquires Glaxosmithklines Generic Unit in Spain
6. AIIMS Acquires Four-Armed Robot to Assist in Surgeries
7. Apollos Global Arm Acquires US-based Firm
8. ‘Obesity’ Acquires Permanent Resident Status in the US
9. Indias Wockhardt Acquires Irish Firm
10. Battle against Gum Disease Acquires new Weapon
11. Synova Acquires Rights to Today Sponge Contraceptive, Plans Advertising Campaign
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/20/2017)... ... June 20, 2017 , ... In his newly appointed role ... May, Ph.D., recently accepted the distinguished Sun Corridor Export Award for his company’s ... (WNB), and 16 other businesses from Pima, Pinal, and Maricopa counties in Arizona, ...
(Date:6/20/2017)... West Hempstead, NY (PRWEB) , ... June 20, ... ... most experienced in the security systems industry has been selected as the partner ... , Amtrak is a passenger railroad service that provides medium- and long-distance intercity ...
(Date:6/20/2017)... ... 2017 , ... John D'Eri, CEO of Rising Tide Car Wash , ... during the Autism Society of America 's 49th annual conference to be ... Foundation (DJFF) was founded in 2002 as the nation's first autism organization focused ...
(Date:6/20/2017)... ... June 20, 2017 , ... MEDI+SIGN, ... like to officially welcome Anthony Stanowski, DHA, FACHE to the MEDI+SIGN Advisory Board. ... and expertise in healthcare will provide invaluable direction for the company,” says Andrew ...
(Date:6/20/2017)... ... , ... The law firm of Momkus McCluskey Roberts LLC congratulates ... DuPage County Bar Association’s Board of Directors. Cassioppi officially took on the leadership role ... Oak Brook. Momkus McCluskey Roberts LLC attorney Stacey A. McCullough was also installed as ...
Breaking Medicine News(10 mins):
(Date:6/1/2017)... , June 1, 2017 Nutriceutical Holdings (NH), ... Recommended Solutions (VRS), and KD Pharma Group have decided ... Holdings by KD Pharma Group. KD Pharma Group will ... option to acquire the entire company. "We ... They are committed to growing the NH companies by ...
(Date:5/26/2017)... -- Endo International plc (NASDAQ: ENDP ) announced today ... the Company in a fireside chat at Goldman Sachs, 38 ... 2017 at 10:40 a.m. PT / 1:40 p.m. ET. The ... Rancho Palos Verdes, CA. A live ... on the Company,s website at http://www.endo.com/investors/overview . Participants should ...
(Date:5/22/2017)... 22, 2017  As the specialty pharmacy industry ... to make the revolutionary shift from volume-based to ... ensuring positive patient outcomes and shaping the future ... focus away from clinical trials and toward data ... specialty drug therapy utilization in precise patient populations. ...
Breaking Medicine Technology: