Treace Medical Concepts To Acquire Technology Enabling Patient Specific Instrumentation For Foot And Ankle Surgeries

PUBLIC · TMCIJun 01, 2023

Acquiring Company

Treace

Acquired Company

Technology

Ponte Vedra

Saint CloudManufacturingBiotechnologyHealthcareHealth CareMedicalMedical Device

Description

Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has signed an asset purchase agreement to acquire certain assets of MIOS Marketing, LLC d/b/a RedPoint Medical3D (“RPM-3D”), a medical technology company offering pre-operative planning and patient-specific guides designed to deliver accurate surgical correction of deformities customized to the patient’s unique foot anatomy, for a purchase price of $20 million in an upfront cash payment, with up to $10 million in potential milestone payments.

Company Information

Company

Treace

Location

Ponte Vedra, Florida, United States

About

Treace Medical Concepts, Inc. is a medical technology company with the goal of advancing the standard of care for the surgical management of bunion deformities and related midfoot correction. Bunions are complex 3-dimensional deformities that originate from an unstable joint in the middle of the foot and affect approximately 65 million Americans1, of which Treace estimates 1.1 million are annual surgical candidates. Treace Medical has pioneered and patented the Lapiplasty® 3D Bunion Correction™ system – a combination of instruments, implants, and surgical methods designed to surgically correct all 3 planes of the bunion deformity and secure the unstable joint, addressing the root cause2,3 of the bunion and helping patients get back to their active lifestyles. Treace Medical has expanded its offering with the Adductoplasty™ Midfoot Correction System, designed for reproducible surgical correction of the midfoot to provide further support to hallux valgus patients.

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Frequently asked

Who acquired Technology?

Technology was acquired by Treace, based in Ponte Vedra. The deal was reported on June 1, 2023. Treace Medical Concepts, Inc. is a medical technology company with the goal of advancing the standard of care for the surgical management of bunion deformities and related midfoot correction. Treace is publicly traded (TMCI) and operates in Manufacturing.

When did Treace acquire Technology?

Treace's acquisition of Technology was reported on June 1, 2023. Treace Medical Concepts, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Technology do?

This domain may be for sale! It is privately held, and is based in Saint Cloud.

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