SAN DIEGO, CA – DJO Incorporated, a global provider of medical device solutions for musculoskeletal health, vascular health and pain management, today announced that its wholly-owned subsidiary, DJO Canada, has acquired the Canadian master distributors of DJO's Chattanooga, Saunders, Empi and Cefar/Compex branded products in two separate transactions. These two independently-owned businesses have represented these DJO products as master distributors, selling to a national network of dealers across Canada for approximately 17 years. The acquisitions closed August 4, 2009. Terms of the acquisitions were not disclosed.
DJO Canada, which has historically been responsible for the sale of DJO’s bracing and supports product lines in Canada, will immediately assume responsibility for marketing and selling the Chattanooga, Saunders, Empi and Cefar/Compex branded products through the existing national dealer network in the Canadian marketplace.
"The conversion of sales of our Chattanooga, Empi, Saunders and Cefar/Compex branded products in Canada from a multi-level distribution model to one where DJO sells directly through the national dealer network represents another milestone in the execution of our strategy to increase international revenues and profits by utilizing the existing and broad sales infrastructure we have in place in many international markets, to expand the penetration of all DJO product lines," said Les Cross, president and CEO. "Adding the acquired businesses to our existing strong platform in Canada, provides us with the opportunity to leverage the strength of our comprehensive product offering under DJO Canada’s capable leadership, as well as benefit from expanding margins driven by increased in-market revenue and the integration of the acquired operations into DJO Canada’s existing scaleable infrastructure."
About DJO Incorporated
DJO is a leading global developer, manufacturer and distributor of high-quality medical devices that provide solutions for musculoskeletal health, vascular health and pain management. The Company's products address the continuum of patient care from injury prevention to rehabilitation after surgery, injury or from degenerative disease. Our products are used by orthopedic specialists, spine surgeons, primary care physicians, pain management specialists, physical therapists, podiatrists, chiropractors, athletic trainers and other healthcare professionals. In addition, many of the Company's medical devices and related accessories are used by athletes and patients for injury prevention and at-home physical therapy treatment. The Company's product lines include rigid and soft orthopedic bracing, hot and cold therapy, bone growth stimulators, vascular systems, electrical stimulators used for pain management and physical therapy products. The Company’s surgical division offers a comprehensive suite of reconstructive joint products for the hip, knee and shoulder. DJO's products are marketed under the brands Aircast®, DonJoy®, ProCare®, CMF™, Empi®, Saunders®, Chattanooga, DJO Surgical, Cefar®-Compex® and Ormed®. DJO uses its website as a channel of distribution of material Company information. Financial and other material information regarding the Company is routinely posted and accessible at www.DJOglobal.com.
Company Investor/Media Contact:
DJO Incorporated
Mark Francois, Director of Investor Relations
(760) 734-4766
