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Strategic Initiatives

CrossRoads Extremity Systems Acquires Multiple Implant Systems from Surgical Frontiers -

CrossRoads Extremity Systems acquired a range of technology assets from Surgical Frontiers. The add-on acquisition furthers CrossRoads' strategy to grow its presence in the orthopedic extremities sector. Transaction details were not disclosed. The transaction includes the KATOR® family of soft tissue-to-bone reattachment products for Achilles tendon repair, ligament stabilization and arthroscopic rotator cuff repair; OsteoPrecise™ precision cutting guides for bone alignment in small bone osteotomies and fusions; the SpeedButton™ for anatomic ligament reattachment with strong pull-out strength and a better ligament footprint and the Metrics portfolio for precise, reproducible restoration of anatomic bone alignment and ligament function in high ankle sprains and ankle fractures. The acquired assets are covered by a total of 16 issued and 10 pending U.S. patents. These products were developed under the umbrella of Surgical Frontiers, which collaborates on development of clinically-ready technologies for sale to exiting medical device companies for their commercialization. CrossRoads is a Fund IV portfolio company of private equity firm HealthpointCapital, which invested in CrossRoads Extremity Systems in 2019. CrossRoads' Active Stabilization® technology supports fusion through continuous dynamic compression, and enhances stability through a hybrid construct of a nitinol staple within a fixation plate. Further, the company's reusable instrumentation and EcoSMART® instrument recovery program promote efficient inventory management and improved economics for healthcare facilities.