Learn how Medtronic is innovating for healthcare. Spinal fusion patients are the beneficiaries of this transaction.”, Dr. Paul Slosar, Titan Spine’s chief medical officer, told OTW, “The acquisition of Titan by Medtronic is a great fit for both companies. Medtronic's acquisition of Titan Spine strengthens Medtronic's position as a leading innovator in procedural solutions for spine surgery. Medtronic’s acquisition of Titan Spine strengthens Medtronic’s position as a leading innovator in procedural solutions for spine surgery. By combining with Medtronic, we have exponentially increased the number of patients that will benefit from our nanoLOCK® surface technology. Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies - alleviating pain, restoring health and extending life for millions of people around the world. At that point leadership from both organizations will work together to ensure Titan Spine’s nanoLOCK surface technology creates a greater impact on the spine market, particularly for the improvement of patient outcomes. Titan Medical is not associated with Titan Spine, which Medtronic acquired in 2019. The transaction is expected to be immaterial to Medtronic’s fiscal 2020 adjusted earnings per share and is expected to meet Medtronic’s long-term financial metrics for acquisitions. Medtronic employs more than 86,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The boards of directors of both companies have unanimously approved the transaction. Peter Ullrich, CEO of Titan Spine, said: "Titan Spine is thrilled to enter into a definitive agreement with Medtronic, who have long been the leading organisation within the spine industry. More articles on robotic devices: Wisconsin spine group performs its 1st robotic spine surgery with Medtronic system Arkansas hospital 1st in state to use spine … That experience and expertise will allow Medtronic to again lead the interbody fusion market focused on implants with active surface technology, which is the nanoLOCK surface technology acquired from Titan.”. The transaction is projected to close during Medtronic’s first fiscal quarter, which ends on July 26, 2019. Learn how your comment data is processed. Titan Spine, headquartered in Mequon, Wisconsin, markets a full line of Endoskeleton interbody devices featuring its proprietary textured surface in the U.S., Europe, and Australia through its sales force and a network of independent distributors. The acquisition of Titan Spine strengthens Medtronic’s position as a leading innovator in procedural solutions for spine surgery. “Titan Spine has pioneered the spine implant surface technology category over the past several years. Your email address will not be published. A definitive acquisition agreement between the two companies was previously announced on May 9, 2019. Medtronic plc (NYSE:MDT), a global leader in medical technology, today announced that it has entered into a definitive agreement pursuant to which it will acquire Titan Spine, a privately-held titanium spine interbody implant and surface technology company.

The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together. The company is committed to advancing the science of surface engineering to enhance the treatment of various pathologies of the spine that require fusion.
"We've built the broadest Spine portfolio - implants, instruments, enabling technologies, and biologics - in order to provide complete procedural solutions for surgeons' biggest challenges," said Jacob Paul, senior vice president and president of the Spine division, which is part of the Restorative Therapies Group at Medtronic. Titan becomes the first to commercialize nanotechnology for the spine. Implant material and shape is thought to play a role in the bone growth process during fusions, and today there is a growing demand from surgeons for titanium interbody devices. Dr. Peter F. Ullrich, Jr., Titan’s CEO and President, in the Product Development Lab / Courtesy Titan Spine. Titan Spine has been the market leader in driving the science of surface technology to the forefront of spine. The companies have not released any details about what changes will or will not be made related to employees and locations at the time of Medtronic’s acquisition. Medtronic employs more than 86,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. In bringing the two companies together, Medtronic will acquire Titan Spine's complete portfolio, which consists of a comprehensive line of titanium, surface-enhanced interbody fusion devices. Titan completes the first nanoLOCK™ case.

We feel that surface-enhanced titanium implants combined with our comprehensive biologics portfolio can have a positive impact on patient outcomes in spinal procedures.". The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together. Integra LifeSciences selling extremity orthopedic business to Smith & Nephew for $240 million. Permission needed to republish. To learn more, visit www.titanspine.com. 6. These designs support anterior cervical and anterior, posterior, oblique, and lateral approaches to the lumbar spine. Subject to customary closing conditions and regulatory clearances, the … "Combining Titan Spine's groundbreaking nanoLock® surface technology with Medtronic's commercial strength will make a dramatic impact on the spine market, particularly for the improvement of patient outcomes.". Required fields are marked *. Transfeldt-Josse said, “We’re excited to welcome Titan Spine team members into Medtronic after close. Dr. Peter F. Ullrich, Jr. Titan’s CEO and President, told OTW, “At first, Titan Spine sought to shift the paradigm that an interbody device was just a spacer to one that could be an active participant in the fusion process. Implant material and shape is thought to play a role in the bone growth process during fusions, and today there is a growing demand from surgeons for titanium interbody devices.

Medtronic Enters Into Definitive Agreement to Acquire Titan Spine. This milestone represents the first 3D printed titanium implant, developed in house by Medtronic engineers, that incorporates the Titan nanoLOCK Surface Technology. Titan Spine Mequon Research Center 6140A West Executive Drive Mequon, WI 53092 (866) 822 7800 0086 www.titanspine.com Product Numbers are Indicated by xxxx-xxxx-N ENDOSKELETON ® TAS 7º Standard: 32mm × 21mm 2307-0110 2307-0110-N 2307-0111 2307-0111-N 2307-0112 2307-0112-N 2307-0113 2307-0113-N 2307-0114 2307-0114-N 2307-0115 2307-0115-N 2307-0116 2307-0116-N … Orthopedic surgeon Mark M. Jones, M.D., joins Hanger, Inc. board of directors. Titan interbody fusion devices from Medtronic are available with both Endoskeleton™ surface features on the endplate contacting faces and with nanoLOCK™ surface features on all internal and external surfaces.

We feel that surface-enhanced titanium implants combined with our comprehensive biologics portfolio can have a positive impact on patient outcomes in spinal procedures.”. The transaction is expected to be immaterial to Medtronic's fiscal 2020 adjusted earnings per share and is expected to meet Medtronic's long-term financial metrics for acquisitions. The terms of the deal were not disclosed.

Titan Spine joins Medtronic’s Spine division, which is part of the Restorative Therapies Group.The transaction acquisition is expected to be immaterial to Medtronic… This announcement is distributed by West Corporation on behalf of West Corporation clients. June 2019 Medtronic and Titan join forces. About Titan SpineTitan Spine, Inc. is a surface technology company focused on the design and manufacture of interbody fusion devices for the spine. The company is committed to advancing the science of surface engineering to enhance the treatment of various pathologies of the spine that require fusion. To learn more, visit www.titanspine.com. (GLOBE NEWSWIRE via COMTEX) --Acquisition Further Accelerates Medtronic's Strategy to Transform Spinal Procedures and Improve Outcomes Through Complete Procedural Solutions. Joins Hanger Board of Directors, Smith+Nephew Joins Forces With Avail Medsystems, The Cementless Tibia: A Viable Fixation Alternative, Avail Medsystems Raises $100 Million in Series B Funding, IMED Surgical Files Federal Lawsuit Over External Fixation System, Risky Business – The Hard and Soft Side of Risk Management, Potentially Game-Changing TKA System Has 1st Surgery, Castellvi Meeting’s Remarkable Biomechanics/Biomaterials Course, James R. Lawson, Formerly of Stryker, Passes Away at 76, Gene Sequencing Detected Infection 2x Better Than Culture, Breakthrough Designation to NovoPedics’ Meniscus Replacement, Biorez Raises $3.5 Million and Launches New Website, Alphatec Has Partial Victory in Court Battle With NuVasive, Medacta Receives Clearance to Expand Shoulder System, No Advantage to Rifampin Combination Therapy in PJI.

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