OrthoPediatrics Corp. Announces Launch of Specialty Bracing Division
06 Dezembro 2023 - 10:05AM
OrthoPediatrics Corp. (“OrthoPediatrics” or the
“Company”) (Nasdaq: KIDS), a company focused exclusively on
advancing the field of pediatric orthopedics, announced the launch
of a new division, focused on non-surgical intervention for
pediatric orthopedics. The OrthoPediatrics Specialty Bracing
division (“OPSB”) will serve as a flagship house of brands and
innovative products that expand the Company’s Total Addressable
Market by approximately $600 million.
The Company first entered the non-operative
space through the acquisition of MD Orthopaedics, Inc. (MDO) in
2022, and their bracing product lines and the patented Mitchell
Ponseti® Ankle-Foot Orthosis (AFO) system for the treatment of
clubfoot. Since the transaction, the Company has been aggressively
building a portfolio of complementary products to address the large
unmet needs for specialty bracing within the pediatric orthopedic
market. Earlier this year, MDO acquired the assets of Rhino
Pediatric Orthopedic Designs, Inc., a San Diego based company
founded by two pediatric orthopedic surgeons. The Rhino™ “Kicker”
and “Cruiser” braces were designed for children with Developmental
Dysplasia of the hip.
Additionally, the Company announced the release
of the DF2® Brace as part of its expansion in the non-surgical
business for treating kids with musculoskeletal injuries. The DF2®
Brace is intended for femur fracture fixation in pediatric patients
from approximately 6 months to 5 years of age instead of spica cast
by providing immobilization of the femur, knee, and hip. Most
recently, the Company announced a new partnership with
Montreal-based Ora Medical, to distribute The Levity, a
gait-trainer device designed for children with walking
difficulties.
OrthoPediatrics’ President of Trauma &
Deformity Correction, Joe Hauser will also lead the new
non-operative business, commenting, “We are excited for the launch
of the new OPSB division, and our continued expansion into
pediatric orthopedic non-surgical treatments for kids. This new
addition advances our growth strategy of providing a broad product
portfolio uniquely designed to treat children while surrounding
pediatric orthopedic surgeons with the most comprehensive product
offering in the market.”
About OrthoPediatrics
Corp.Founded in 2006, OrthoPediatrics is an orthopedic
company focused exclusively on advancing the field of pediatric
orthopedics. As such it has developed the most comprehensive
product offering to the pediatric orthopedic market to improve the
lives of children with orthopedic conditions. OrthoPediatrics
currently markets 53 products that serve three of the largest
categories within the pediatric orthopedic market. This product
offering spans trauma and deformity, scoliosis, and sports
medicine/other procedures. OrthoPediatrics’ global sales
organization is focused exclusively on pediatric orthopedics and
distributes its products in the United States and over 70 countries
outside the United States. For more information, please visit
www.orthopediatrics.com.
Investor ContactPhilip Trip
TaylorGilmartin Groupphilip@gilmartinir.com415-937-5406
OrthoPediatrics (NASDAQ:KIDS)
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