Strengthens Foot and Ankle Portfolio with Leading Minimally Invasive Surgery (MIS) Platform, including MIS Bunion System and Furthers Global Expansion Strategy
Enovis™ Corporation (NYSE: ENOV), an innovation-driven, medical technology growth company, today announced a definitive agreement to acquire Novastep®, a subsidiary of Amplitude Surgical SA (Paris: AMPLI), and global developer of clinically proven foot and ankle solutions. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the second quarter of 2023.
Novastep, a fast-growing business with about $20 million in annual revenues, is a leading player in Minimally Invasive Surgery (MIS) foot and ankle solutions. The company’s best-in-class MIS bunion system, Pecaplasty®, serves a rapidly growing portion of the ~$0.9 billion global bunion segment. MIS bunion procedures have demonstrated significant improvement in patient outcomes and enable faster recovery with reduced scarring and pain.i Pecaplasty® provides surgeons with predictable, accurate, and controlled implant placement.
In addition, Novastep’s portfolio of CE marked forefoot and mi...
