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Exactech Acquires XpandOrtho

March 12, 2019

GAINESVILLE, Fla.--(BUSINESS WIRE)--Mar 12, 2019--Exactech, a developer and producer of bone and joint restoration products and biologic solutions for extremities, knee and hip announced today, that it has acquired XpandOrtho, a designer of soft tissue balancing instruments for knee replacement surgery. Exactech plans to incorporate XpandOrtho’s technology to enhance its ExactechGPS® computer-assisted surgery system, the only navigation system that supports both shoulder and knee replacement.

Managing a patient’s soft tissue is an important aspect of knee replacement surgery. XpandOrtho received clearance from the U.S. Food and Drug Administration (FDA) in 2017 for an electronic, soft tissue balancing instrument for total knee arthroplasty. The intra-articular device uses multiple sensors within the knee joint to guide soft tissue balancing. The device uses a novel pneumatic-based bellows system, which wirelessly communicates with a display to provide the surgeon gap balancing feedback throughout the knee’s range of motion.

According to Exactech CEO David Petty, “The acquisition of XpandOrtho supports Exactech’s growth strategy and commitment to improving surgeon experience and patient outcomes. Their innovative ligament balancing technology provides a strong framework for integration into our ExactechGPS system to further advance our award-winning Truliant® Total Knee System. We look forward to collaborating with XpandOrtho founders Cliff Colwell and Darryl D’Lima on continued development of advanced knee replacement technology.”

Darryl D’Lima M.D., Ph.D., and Clifford W. Colwell, Jr., M.D., report that they feel “privileged to have been purchased by an outstanding orthopaedic device company such as Exactech.” Colwell added, “This allows our technology, which has been in development for more than seven years, to be brought to market for the benefit of surgeons and their patients.”

About XpandOrtho, Inc.

XpandOrtho, Inc., develops and commercializes orthopedic devices that provide real time visual feedback to surgeons during their surgical procedure. XpandOrtho is a privately held medical device and technology company that is committed to improving the standard of care in total knee replacement surgeries by providing measurable and consistent results to all surgeons and patients. Our future development plans will leverage this technology to provide solutions for a broader range of orthopedic procedures.

About Exactech

Based in Gainesville, Fla., Exactech develops and markets orthopaedic implant devices, related surgical instruments, biologic materials and computer-assisted surgery technologies to hospitals and physicians. The company manufactures many of its orthopaedic devices at its Gainesville facility. Exactech’s orthopaedic products are used in the restoration of bones and joints that have deteriorated as a result of injury or diseases such as arthritis. Exactech markets its products in the United States, in addition to more than 30 markets in Europe, Latin America, Asia and the Pacific. Additional information about Exactech can be found at http://www.exac.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190312005243/en/

CONTACT: Priscilla Bennett, APR

VP of Corporate Communications

(352) 377-1140

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: SURGERY HEALTH BIOTECHNOLOGY MEDICAL DEVICES

SOURCE: Exactech

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PUB: 03/12/2019 09:00 AM/DISC: 03/12/2019 09:01 AM

http://www.businesswire.com/news/home/20190312005243/en