On March 8, 2017 Ottobock HealthCare ("Ottobock") announced its acquisition of Bedford, Massachusetts, based BionX Medical Technologies, Inc.
Duff & Phelps acted as a financial advisor to BionX Medical Technologies, Inc. and provided merger and acquisition advisory services in connection with its sale to Ottobock HealthCare.
About BionX Medical Technologies, Inc.
BionX Medical Technologies, Inc. manufactures prosthetic devices. It primarily focuses on the provision of bionic solutions that restore normalized function and quality of life for people with amputations. The company offers BiOM Ankle, a lower-limb prosthesis with powered propulsion for enhanced mobility. It serves customers through prosthetists and physicians in the United States and internationally. The company was founded in 2007 and is based in Bedford, Massachusetts. Goodwin LLP served as legal counsel to BionX.
About Ottobock HealthCare
Ottobock develops medical technology products and fitting concepts for people with limited mobility in the fields of Prosthetics, Orthotics, Human Mobility (wheelchairs, rehabilitation devices) and MedicalCare. Subsidiaries in over 50 countries offer quality “Made in Germany” worldwide and employ around 6,800 people. Ottobock has been a family-managed company since its founding in 1919 and has also been supporting the Paralympic Games with its technical know-how since 1988. Duane Morris LLP served as U.S. legal counsel to Ottobock.