Private equity firm HealthpointCapital acquired a controlling stake in CrossRoads Extremity Systems, developer of procedure-specific, sterile-packed implants and instrumentation for foot/ankle fixation.
CrossRoads’ portfolio includes Active Stabilization® technology that pairs continuous dynamic compression and enhanced stability through a hybrid nitinol clip within a fixation plate. Reusable instrumentation and the EcoSMART® instrument recovery program are designed to promote efficient inventory management and improved economics for healthcare facilities. Products in its lineup include DynaFORCE™ systems such as the Lapidus, MPJ and Vero Medial Column implants.
EcoSMART provides gamma sterilized, reusable instruments for every surgical case and post-surgery recovery and processing of those instruments.
The partnership will support CrossRoads’ portfolio and market presence expansion. HealthpointCapital has committed additional equity capital to fund organic growth and bolt-on acquisitions.
“CrossRoads’ unique product platform, particularly its Active Stabilization technology and EcoSMART Service, made them an attractive investment in the extremity sector, which continues to be one of the most rapidly growing segments of the musculoskeletal market,” said Mike Mogul, President and Managing Director of HealthpointCapital. “With our deep understanding of this space, CrossRoads’ exclusive technology made them a logical addition to our portfolio of rapidly growing companies.”
CrossRoads’ management team and lead institutional investor MB Venture Partners remain significant investors.
Private equity firm HealthpointCapital acquired a controlling stake in CrossRoads Extremity Systems, developer of procedure-specific, sterile-packed implants and instrumentation for foot/ankle fixation.
CrossRoads' portfolio includes Active Stabilization® technology that pairs continuous dynamic compression and enhanced stability...
Private equity firm HealthpointCapital acquired a controlling stake in CrossRoads Extremity Systems, developer of procedure-specific, sterile-packed implants and instrumentation for foot/ankle fixation.
CrossRoads’ portfolio includes Active Stabilization® technology that pairs continuous dynamic compression and enhanced stability through a hybrid nitinol clip within a fixation plate. Reusable instrumentation and the EcoSMART® instrument recovery program are designed to promote efficient inventory management and improved economics for healthcare facilities. Products in its lineup include DynaFORCE™ systems such as the Lapidus, MPJ and Vero Medial Column implants.
EcoSMART provides gamma sterilized, reusable instruments for every surgical case and post-surgery recovery and processing of those instruments.
The partnership will support CrossRoads’ portfolio and market presence expansion. HealthpointCapital has committed additional equity capital to fund organic growth and bolt-on acquisitions.
“CrossRoads’ unique product platform, particularly its Active Stabilization technology and EcoSMART Service, made them an attractive investment in the extremity sector, which continues to be one of the most rapidly growing segments of the musculoskeletal market,” said Mike Mogul, President and Managing Director of HealthpointCapital. “With our deep understanding of this space, CrossRoads’ exclusive technology made them a logical addition to our portfolio of rapidly growing companies.”
CrossRoads’ management team and lead institutional investor MB Venture Partners remain significant investors.
Source: HealthpointCapital, CrossRoads Extremity Systems
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.