Medtronic (MDT) acquired Responsive Orthopedics, a start-up focused on sales of low-cost hip and knee replacements. A primary knee is slated for commercial U.S. availability within 1H17, followed by a primary hip in 1H18.
The transaction supports MDT's Orthopedic Solutions initiative, which seeks to reduce system costs for hospital customers across an entire episode of care while maintaining or improving outcomes.
Responsive Orthopedics received FDA 510(k) clearance to market its Total Knee Arthroplasty system in June 2015.
Sources: Medtronic plc, Analyst Day Presentations, ORTHOWORLD Inc.