LifeHealthcare has acquired Oceania for $9.6m extending its presence in Orthopaedics
Transaction Highlights
- The acquisition extends LifeHealthcare’s presence in Orthopaedics increasing its share position in the $45 million per annum complex lower limb orthopaedics market to number two
- 10 year supply agreement with implantcast GmbH, an innovative and market responsive supply partner with primary, complex and tumour arthroplasty solutions including the only TGA approved silver coated tumour arthroplasty portfolio in Australia
- Doubles the number of active surgeons LifeHealthcare serves in orthopaedics and provides leverage for existing LifeHealthcare complex lower limb product ranges with offerings now in the four sub segments of internal limb lengthening, paediatric, tumour & limb salvage and complex revision
- Strengthens the platform for further organic and inorganic expansion into other sub segments of the orthopaedics market including primary arthroplasty, upper limb and foot & ankle
- Low integration risk due to similar nature of business model and products to existing business
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