Orthofix Acquires Distributor, Options Medical

By Julie A. Vetalice

Orthofix Medical (OFIX) acquired Options Medical, a former distributor of OFIX Bone Growth Therapies based in Florida. Options comprises over 40 reps who cover the states of Florida and Connecticut.

“Options Medical has been a successful devices for many years,” said Brad Niemann, President of Global Orthofix Spine. “We are pleased to have this established and proven partner join the Orthofix team as a part of our direct sales force.”

Last month, Orthofix reported preliminary 4Q18 revenue of $121MM, +3.5% vs. 4Q17, and full year 2018 revenue of $453MM, +4.4% vs. 2017.

Sources: Orthofix Medical Inc., ORTHOWORLD Inc.

Tags: M&A