UK-based orthotics and prosthetics producer Steeper Group has acquired College Park Industries’ Espire elbow prostheses range. The Espire range includes five mechanical elbow models with prosthetic elbow joint control enabling patients to perform everyday weight-bearing activities. The acquisition builds on Steeper’s upper limb product portfolio and U.S. market penetration. The deal followed Iceland-based Össur’s acquisition of College Park Industries, which was subject to FTC antitrust review delays due to COVID-19. Terms not disclosed.
Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare mergers