WishBone Medical purchased CSpine, manufacturer of spine and orthopedic implants and instruments. The transaction, the company's third since 4Q18, will support WishBone's entry into the spine segment of pediatric orthopedics.
CSpine will manufacture implants to be combined and sterile packed with disposable instruments at Red Star Contract Manufacturing, which WishBone acquired in 4Q18. Moving forward, CSpine will operate under the new name of Red Star Medical Solutions, as part of the Red Star family. All Red Star facilities will continue to provide contract manufacturing for the medical device industry.
The objective is to produce surgical solutions to treat pediatric spinal deformities such as scoliosis, packaged in sterile, single-use disposable kits. Further, these kits will be employed in mission trips made worldwide by The WishBone Orthopaedic Foundation. Rob Seewald, WishBone Medical's Corporate Chaplain, said, “Our foundation supporting surgeons could literally throw these kits into their backpacks and take it with them on missions to remote areas all over the globe. We’ll be able to aid children with severe spine issues who wouldn’t be able to afford treatment otherwise.”
Sources: WishBone Medical, Inc.; ORTHOWORLD Inc.