KNOXVILLE, TENN. – February 1, 2017 – ChoiceSpine, a
privately held spinal fusion device manufacturer based in Knoxville, Tenn.,
announced today it has acquired the spinal assets of Exactech (Nasdaq:EXAC).
Exactech is a developer and producer of bone and joint restoration products for
extremities, hip, knee and spine, with corporate headquarters in Gainesville,
Fla.
“This is a great addition to our emerging product line,”
said Rick Henson, co-owner of ChoiceSpine. “We look forward to building
relationships with Exactech distributors and end users, as well as extending
our product offering to potential new customers.”
The acquisition will also have beneficial international
implications with Exactech having distribution channels in Spain, Portugal and
Germany. “We currently have distribution partners in Italy and Mexico, so these
new assets will immediately boost our international footprint,” added Marty
Altshuler, co-owner of ChoiceSpine.
“This investment will continue to build the momentum behind
our pursuit of becoming a prominent, full-line spinal implant provider.”
In addition to today’s acquisition announcement, ChoiceSpine
also announced it would be rolling out several new products this year, along
with a complete biologics line, set to complement its expanding implant
portfolio.
Founded in 2006, ChoiceSpine now has more than 45 employees
and is majority-owned by Henson and Altshuler. For more information on the
company, visit choicespine.com.
About ChoiceSpine
ChoiceSpine is a privately held spinal implant company
located in Knoxville, Tenn., and prides itself on providing excellent products
and exceptional service to meet the needs of their customers. ChoiceSpine
offers a breadth of innovative and surgeon focused systems that are designed to
be safe, efficient, and easy-to-use. By working closely with physicians and
maintaining service-focused distribution, ChoiceSpine will continue to bring
technically-superior spinal products to the market.
Contact: Carson Barnes
Phone: 865.862.4467
Email: cbarnes@choicespine.com
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