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Strategic Initiatives

Medicrea Launches Australian Subsidiary -

Medicrea entered into a joint venture agreement with the spine division of National Surgical for distribution of products in Australia and New Zealand. National Surgical will become a subsidiary of Medicrea, named Medicrea Australia. Previously, National Surgical distributed for Medtronic Spine and Biologics in these regions, developing accounts over 14 years. Medicrea describes this as the world's third-largest spine market, following the U.S. and Japan, with >€170MM in annual sales (~US $200MM). (Medicrea International, 7/10/18)