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Depuy Buys Olive Medical

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DePuy Synthes Co. announced that it has acquired Olive Medical Corp., a Utah-based privately held provider of high-definition visualization systems for minimally invasive surgery.
Financial terms of the transaction were not disclosed.
Olive Medical, founded in 2009, is a medical device maker that provides HD MIS imaging equipment to operating rooms and physician offices. Olive Medical has 20 employees and its visualization technology has been sold in 20 countries.
The company’s products will benefit the DePuy Synthes Mitek Sports Medicine arthroscopy line and will enable DePuy Synthes to enter the arthroscopic visualization market to serve patients with shoulder, knee, hip, and small joint pain or injury, according to the company’s announcement.