Orthofix acquires International Medical Supplies, announces restructuring

By Elaine Rigoli

Tampa, Fla., Feb. 27 - Orthofix International NV announced Monday the acquisition of International Medical Supplies Distribution GmbH, based in Cologne, Germany.

The acquisition is primarily expected to enhance the growth opportunities for the German and Austrian operations of BREG, a wholly owned subsidiary of Orthofix specializing in bracing, cold therapy and pain management products.

Orthofix said it hopes this acquisition will enhance its market visibility, improve the control over distribution of its products and increase profit margins, according to a company news release.

Orthofix also announced Monday that it is restructuring its international business operations. The move will create three distinct business zones: Europe, Asia/Pacific and emerging markets, which will be organized to address customer needs and opportunities within specific geographic markets.

The company said this realignment will enhance its ability to focus on core market segments, while also ensuring regional customer requirements are incorporated into the design and distribution of its products and therapies.

"We believe there are numerous opportunities for Orthofix's profitable expansion in Europe, and this acquisition, on top of our restructuring, is a good opportunity for us to leverage our presence in markets where our BREG subsidiary currently delivers products," said Charles W. Federico, Orthofix president and chief executive officer, in a statement.

Huntersville, N.C.-based Orthofix is an orthopedic products company that offers a broad line of minimally invasive surgical and non-surgical products for the spine, reconstruction and trauma market sectors.

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