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).
In 1Q18, Medicrea entered the Belgian market in a similar fashion, entering a joint venture with Motion Medical.
Sources: Medicrea; ORTHOWORLD Inc.