Spinal implant developer Safe Orthopaedics on May 6 entered into exclusive negotiations to acquire LCI Medical, which supplies device manufacturers in the spine and hip surgery market.
LCI Medical is a device company with production lines in France and Tunisia, and serves as a supplier to Safe Orthopaedics.
The company reported a turnover of $2.81 million dollars in 2019, with Safe Orthopaedics covering more than 30 percent of LCI Medical's turnover.
The acquisition will allow Safe Orthopaedics to incorporate the entire production value chain — conception, technology, production, distribution and hospital services — into its operations and open the door for new growth opportunities and partnerships in the orthopedic field.
Editor's note: This article converted LCI Medical's 2019 turnover from euro to U.S. dollars using market exchange rates on May 6.