Conventus Orthopaedics, developer of a self-expanding nitinol cage technology for repairing fractured wrists, elbows, and shoulders and portfolio company of healthcare investment firm Deerfield Management, has acquired Flower Orthopedics, a maker of disposable, sterile-packed, implant and instrument kits. Flower complements Conventus’ orthopedic fracture fixation system with an alternative to reusable implant trays that carry greater bioburden risk and provides entry into woundcare via Flower’s meshed acellular dermal allografts. Conventus also announced that it has a lower extremity implant system and novel distal fibula intramedullary nailing system in development. Terms not announced.
Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare mergers