Exactech Announces Shareholding Acquisition of JointMedica, Signaling Return of Hip Resurfacing
Summary
GAINESVILLE, Fla.--(BUSINESS WIRE)-- Exactech, Inc., a developer and producer of innovative implants, instrumentation, and smart technologies for joint replacement surgery, announced the acquisition of a minority interest in JointMedica Limited, a U.K.-based orthopaedic device designer and manufacturer. “This partnership will bring to market JointMedica’s advanced polyethene hip resurfacing, using Exactech’s global outreach,” said McMinn. “In this specialist space, our familiarity with the BHR and its design process allows us to ensure that we are offering substantial next-level improvements, using modern materials and advanced manufacturing techniques that were not available when Prof. McMinn and Dr. Treacy developed the BHR device in the 1990s,” said Terence Smith, Managing Director of JointMedica. According to Sharat Kusuma, MD, Senior Vice President and Chief Medical Officer for Exactech, who previously learned the resurfacing procedure from Prof. McMinn and Dr. Treacy, and has first-hand clinical experience implanting the BHR, “Both Exactech and JointMedica fundamentally understand that hip resurfacing offers significant advantages for specialist hip surgeons and multiple patient groups. Our objective is to form close relationships with key orthopaedic surgeons, empowering the creation of products that are highly innovative while at the same time meeting the heightened expectations of patients along with the stringent quality and safety standards that apply to modern orthopaedic implants.