OrthoPediatrics to Acquire MD Orthopaedics
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Warsaw-based OrthoPediatrics Corp. (Nasdaq: KIDS) is acquiring MD Orthopaedics in Iowa. The $19.6 million transaction includes MD Orthopaedics’ bracing product lines and its patented Mitchell Ponseti Ankle-Foot Orthosis system for the treatment of clubfoot.
OrthoPediatrics Chief Executive Officer David Bailey says the acquisition will be a springboard for the company’s expansion into pediatric orthopedic non-surgical treatments for kids.
“The addition of non-operative specialty bracing systems advances our growth strategy of providing a broad product portfolio uniquely designed to treat children while surrounding pediatric orthopedic surgeons with the most comprehensive product offering in the market,” said Bailey.
MD Orthopaedics will serve as a specialty bracing platform company within OrthoPediatrics Trauma & Deformity business and maintain its focus on the treatment of clubfoot. OrthoPediatrics says it plans to leverage the company to develop new products for specialty bracing within the pediatric orthopedic market.