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Spineway acquired 100% of the capital of Spine Innovations, specialist in cervical and lumbar disc prostheses.
Spine Innovations, a spin-off from Groupe FH Ortho’s spine activity, has over 25 years of expertise in the field of spine surgery. The company has developed the LP-ESP viscoelastic lumbar prosthesis.
The patented one-piece viscoelastic ESP disc prosthesis allows surgeons to implant a device that mimics the movement and behavior of a natural disc. They are now used in more than 15 countries, and Spine Innovations seeks to become a major player in the field of disc prostheses worldwide.
For the fiscal year 2020/2021, Spine Innovations generated sales of €4.2 million (~$4.3 million), 76% of which were generated internationally.
In line with its growth strategy, this new acquisition will allow Spineway to add a new segment to its product offering, strengthen its positions in France and internationally and expand its teams.
Stéphane Le Roux, CEO of Spineway, said, “I am delighted with this transaction which allows Spineway to accelerate its development and to position itself in a specific segment that we were not addressing, that of disc prosthesis. The integration of Spine Innovations’ know-how and teams is perfectly in line with our strategy of targeted external growth and allows us to increase our size and the added value of our offer.
Sandrine Carle, President of Spine Innovations, said, “I am very happy to join the Spineway group. The complementarity of our product lines will facilitate our commercial penetration in France and internationally. The strengthening of our respective teams will also allow us to accelerate our various projects to become a key player in the spine surgery sector.”
Source: Spineway
Spineway acquired 100% of the capital of Spine Innovations, specialist in cervical and lumbar disc prostheses.
Spine Innovations, a spin-off from Groupe FH Ortho’s spine activity, has over 25 years of expertise in the field of spine surgery. The company has developed the LP-ESP viscoelastic lumbar prosthesis.
The patented one-piece...
Spineway acquired 100% of the capital of Spine Innovations, specialist in cervical and lumbar disc prostheses.
Spine Innovations, a spin-off from Groupe FH Ortho’s spine activity, has over 25 years of expertise in the field of spine surgery. The company has developed the LP-ESP viscoelastic lumbar prosthesis.
The patented one-piece viscoelastic ESP disc prosthesis allows surgeons to implant a device that mimics the movement and behavior of a natural disc. They are now used in more than 15 countries, and Spine Innovations seeks to become a major player in the field of disc prostheses worldwide.
For the fiscal year 2020/2021, Spine Innovations generated sales of €4.2 million (~$4.3 million), 76% of which were generated internationally.
In line with its growth strategy, this new acquisition will allow Spineway to add a new segment to its product offering, strengthen its positions in France and internationally and expand its teams.
Stéphane Le Roux, CEO of Spineway, said, “I am delighted with this transaction which allows Spineway to accelerate its development and to position itself in a specific segment that we were not addressing, that of disc prosthesis. The integration of Spine Innovations’ know-how and teams is perfectly in line with our strategy of targeted external growth and allows us to increase our size and the added value of our offer.
Sandrine Carle, President of Spine Innovations, said, “I am very happy to join the Spineway group. The complementarity of our product lines will facilitate our commercial penetration in France and internationally. The strengthening of our respective teams will also allow us to accelerate our various projects to become a key player in the spine surgery sector.”
Source: Spineway
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
