Orthofix acquires distributor Options Medical

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Orthofix (NSDQ:OFIX) said today that it acquired Florida-based medical device distributor Options Medical for an undisclosed amount.

As part of deal, Lewisville, Texas-based Orthofix said that all employees of Options Medical were transitioned with the buy, which became effective February 1.

“Options Medical started in North Central Florida as a small team of hard working individuals who wanted to provide the best in medical device solutions to physicians. Today I am proud to say we have grown into a team of 40 plus who cover the states of Florida and Connecticut. We are excited to become a part of Orthofix and look forward to continuing our record of success for many years to come,” Options Medical founder Beth Stevenson said in a prepared statement.

“Options Medical has been a successful distributor for our bone growth therapies devices for many years. We are pleased to have this established and proven partner join the Orthofix team as a part of our direct sales force,” Orthofix spine global prez Brad Niemann said in a press release..

Last month, Orthofix saw shares rise slightly after it posted preliminary fourth quarter and full fiscal year 2018 earnings in line with Wall Street consensus.

The post Orthofix acquires distributor Options Medical appeared first on MassDevice.

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