Orthofix acquires distributor Options Medical

Orthofix (NSDQ:OFIX) said today that it acquired Florida-based medical device distributor Options Medical for an undisclosed amount.

As part of deal, Lewisville, Texas-based Orthofix said that all employees of Options Medical were transitioned with the buy, which became effective February 1.

“Options Medical started in North Central Florida as a small team of hard working individuals who wanted to provide the best in medical device solutions to physicians. Today I am proud to say we have grown into a team of 40 plus who cover the states of Florida and Connecticut. We are excited to become a part of Orthofix and look forward to continuing our record of success for many years to come,” Options Medical founder Beth Stevenson said in a prepared statement.

“Options Medical has been a successful distributor for our bone growth therapies devices for many years. We are pleased to have this established and proven partner join the Orthofix team as a part of our direct sales force,” Orthofix spine global prez Brad Niemann said in a press release..

Last month, Orthofix saw shares rise slightly after it posted preliminary fourth quarter and full fiscal year 2018 earnings in line with Wall Street consensus.

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