OrthoPediatrics entered into an agreement to purchase Medtech Concepts for USD $15.2 million (an initial $5.2 million in cash/stock, with $2.5 million paid over the next four years). Medtech is the developer of an early-stage, pre-commercial enabling technology platform esigned to increase efficiency in the perioperative environment. The solution combines hardware, software and data analytics to help streamline operative care and support better decision making in hospital operating rooms.
In the future, the company believes that this enabling technology platform will provide intraoperative resources for surgeons that will improve decision making, drive operating room efficiency and ultimately improve healthcare for children. The company also expects that the acquisition will further support future market share gains for its implant systems, similar to the FIREFLY Technology and the 7D Surgical FLASH Navigation platform.
OrthoPediatrics does not anticipate material revenue contributions from the platform in 2023.
OrthoPediatrics entered into an agreement to purchase Medtech Concepts for USD $15.2 million (an initial $5.2 million in cash/stock, with $2.5 million paid over the next four years). Medtech is the developer of an early-stage, pre-commercial enabling technology platform esigned to increase efficiency in the perioperative environment. The solution...
OrthoPediatrics entered into an agreement to purchase Medtech Concepts for USD $15.2 million (an initial $5.2 million in cash/stock, with $2.5 million paid over the next four years). Medtech is the developer of an early-stage, pre-commercial enabling technology platform esigned to increase efficiency in the perioperative environment. The solution combines hardware, software and data analytics to help streamline operative care and support better decision making in hospital operating rooms.
In the future, the company believes that this enabling technology platform will provide intraoperative resources for surgeons that will improve decision making, drive operating room efficiency and ultimately improve healthcare for children. The company also expects that the acquisition will further support future market share gains for its implant systems, similar to the FIREFLY Technology and the 7D Surgical FLASH Navigation platform.
OrthoPediatrics does not anticipate material revenue contributions from the platform in 2023.
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