DJO® Acquires MedShape®
Acquisition expands foot and ankle business and adds innovative shape memory technologies
The acquired business’ portfolio includes innovative devices for fracture fixation, joint fusion and soft tissue injury repair that utilize biomaterial technologies designed to improve patient outcomes. The superelastic properties of NiTiNOL are leveraged to create devices that actively participate and respond to changes at the surgical site, such as bone resorption, maintaining compression and bony apposition throughout healing. MedShape’s DynaNail® TTC Fusion System, launched in 2011, has over 30 clinical publications and podium presentations showing decreased failure rates and improved fusion times utilizing NiTiNOL technology compared to static solutions. 1,2,3
“Based on our long-term success and deep relationships in both our Prevention & Recovery and Recon segments, we made a strategic decision to meaningfully expand into the fast-growing Foot and Ankle market. We believe our acquisitions of STAR®, Trilliant Surgical®, and now MedShape have created a strong position in the space and will create a rapid growth platform,” said Brady Shirley, CEO of DJO. “MedShape’s patented technology and growing suite of foot & ankle innovations complement our existing portfolio and strengthen our key strategic imperative of superior clinical outcomes.”
MedShape Inc. is a privately held medical device company founded in 2005 based on a portfolio of proprietary surgical solutions that use its patented adaptive shape memory healing technologies to address the increasing demand for improved joint fusion, sports medicine, and musculoskeletal trauma products. MedShape® has enjoyed long term support from Hills Capital Management, the Georgia Research Alliance (GRA), the National Science Foundation (NSF), the National Institutes of Health (NIH), and In-Q-Tel.
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DJO® Acquires MedShape, Inc.
Dallas, TX (April 26, 2021) – DJO, a subsidiary of Colfax Corporation (NYSE: CFX) and a leading global provider of medical technologies to get and keep people moving, today announced that it has completed the acquisition of MedShape, Inc., a privately held orthopedic medical device company founded in 2005. MedShape® provides innovative surgical solutions for foot and ankle surgeons using its patented superelastic nickel titanium (NiTiNOL) shape memory alloy and shape memory polymer technologies.
- Ford, Samuel E., John Y. Kwon, and J. Kent Ellington. "Tibiotalocalcaneal arthrodesis utilizing a titanium intramedullary nail with an internal pseudoelastic nitinol compression element: a retrospective case series of 33 patients." The Journal of Foot and Ankle Surgery 58.2 (2019): 266-272.
- Steele, John R., et al. "Comparison of tibiotalocalcaneal arthrodeses using a sustained dynamic compression nail versus nondynamized nails." Foot & ankle specialist 13.3 (2020): 193-200.
- Conklin, Mark Jay, et al. "Total ankle replacement conversion to tibiotalocalcaneal arthrodesis with bulk femoral head allograft and pseudoelastic intramedullary nail providing sustained joint compression." Foot & Ankle Orthopaedics 3.4 (2018): 2473011418804487.
- SmartTrak® Foot & Ankle Market Overview: https://app.smarttrak.com/markets/qs/fd52946dc2bd8b02ac1002535b62cf35