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:6/27/2016)... ... June 27, 2016 , ... ... health professionals, announced today its affiliation with Tennessee Counseling Association. This ... the network of the Tennessee Counseling Association, adding exclusive benefits and promotional offers. ...
(Date:6/26/2016)... Battle Creek, Michigan (PRWEB) , ... June 26, 2016 , ... ... abuse, joined as sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table ... held in honor of the city’s history as home to some of the world’s ...
(Date:6/25/2016)... ... 25, 2016 , ... Experts from the American Institutes for ... Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR ... care planning, healthcare costs and patient and family engagement. , AIR researchers will ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... As a ... Magna Cum Laude and his M.D from the David Geffen School of Medicine at ... returned to Los Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic ... many turn to unhealthy avenues, such as drug or alcohol abuse, as a coping ... released tools for healthy coping following a traumatic event. , Trauma sufferers tend to ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Pa. , June 23, 2016 Bracket ... will launch its next generation clinical outcomes platform, Bracket eCOA ... Meeting held on June 26 – 30, 2016 in ... the first electronic Clinical Outcome Assessment product of its kind ... Booth #715. Bracket eCOA 6.0 is a flexible ...
(Date:6/23/2016)... and INDIANAPOLIS , June 23, 2016 ... Lilly Diabetes Tomorrow,s Leaders Scholarship is any indication, the ... announced today online at www.diabetesscholars.org by the ... diabetes stand in the way of academic and community ... Foundation,s scholarship program since 2012, and continues to advocate ...
(Date:6/23/2016)... Revolutionary technology includes multi-speaker listening to conquer ... in advanced audiology and hearing aid technology, has today ... world,s first internet connected hearing aid that opens up ...      (Photo: http://photos.prnewswire.com/prnh/20160622/382240 ) , ... , TwinLink™ - the first dual communication ...
Breaking Medicine Technology: