Osseus Fusion Systems, a Dallas-based medical device company focused on spine products, acquired SIJ Surgical.
Four things to know:
1. SIJ Surgical focuses on sacroiliac joint fusion solutions, and includes the Blue Topaz CompresSIve Sacroiliac Screw System, which is designed with aggressive distal cutting flutes and dual lead threads.
2. The implant system's structure aims to improve osseointegration and reduce the radiographic signature. It can also help control targeting and screw insertion.
3. Osseus Co-Founder and CFO Robert Pace said the acquisition fits into his company's strategy to add next generation products focused on improving patient outcomes. This is Osseus' first acquisition; previously, its strategy was focused on organic growth with in-house product development.
4. Terms of the acquisition were not disclosed.
Editor's note: This article was updated July 17 at 9:53 a.m.