Continuously serving Kosciusko County since 1854
DePuy Orthopaedics Inc. Thursday announced the acquisition of Hand Innovations LLC, a privately held manufacturer of widely used fracture fixation products for the upper extremities.
The acquisition provides DePuy Orthopaedics with leading technology in the plating business, the fastest growing and most under-penetrated segment of the worldwide extremities market. Terms of the acquisition were not disclosed.
Based in Miami, Fla., Hand Innovations' implants for the treatment of distal radius (wrist) fractures have changed the standard of surgical treatment. The company's Distal Volar Radius plates offer clear benefits. including structural strength, less soft tissue disturbance and the potential for faster recovery as compared to casting, external fixation or other plates.
Worldwide, more than 200,000 distal radius fractures are surgically treated each year. More than 50,000 DVR plates have been implanted since the technology was introduced in February 2001.
In addition to DVR plates, Hand Innovations offers a diverse and innovative product portfolio focused on the needs of the upper extremity surgeon.
Gordon Van Ummersen, general manager, Worldwide Trauma and Extremities, DePuy Orthopaedics, said, "Treatment of upper extremities is an area of strong growth, and our goal is to lead the industry in this area. By combining leading products of Hand Innovations and DePuy's worldwide distribution network, we anticipate rapid growth in this segment of the market."
"We are very pleased to join DePuy Orthopaedics and the Johnson & Johnson family of companies," said Dr. Jorge Orbay, a leading Miami-based hand surgeon and founder of Hand Innovations. "The combination of our complementary product development capabilities will enhance our ability to develop even better treatment options for surgeons."
DePuy Orthopaedics will integrate with the Hand Innovations sales team to broaden worldwide distribution of its products. Dr. Orbay will remain as a consultant to the company and continue his close cooperation with the research and development teams at Hand Innovations and DePuy Orthopaedics.
