NEW YORK and VISTA, Calif., Feb. 23 /PRNewswire/ -- Nexa Orthopedics, Inc., (“Nexa”) a HealthpointCapital portfolio company, announced today the acquisition of Futura Biomedical, L.L.C. (“Futura”). Futura manufactures and distributes the only complete line of forefoot arthroplasty products and is a leading innovator of implants for the correction of flexible flatfoot deformities.
“We see the extremity sector of the orthopedic surgery market as an exciting investment opportunity,” said John Foster, HealthpointCapital Chairman and CEO. “Futura provides Nexa with the most experienced management team in the extremity sector with a track record working with thought-leading surgeons in the extremities subspecialties to drive the development of novel surgical products.”
“Futura’s high growth product lines, excellent network of independent sales agents and distributors and operating platform give Nexa a strong foundation on which to build,” said Paul Nichols, President and CEO, Nexa Orthopedics, Inc. “With the support of HealthpointCapital, Nexa is positioned to emerge as a technology leader in extremities orthopedics”.
About Nexa Orthopedics, Inc.
Nexa Orthopedics, Inc. was founded in 2004 by HealthpointCapital to create the pre-eminent company in extremities surgery through a program of business investments, technology in-licensing and internal development. Paul Nichols, Nexa President and CEO, has 15 years experience in extremities orthopedics as both an executive and entrepreneur, including founding Avanta Orthopaedics Corporation.
About HealthpointCapital
Founded in 2002 and headquartered in New York City, HealthpointCapital is a private equity fund focused exclusively on the $20 billion worldwide orthopedic device industry. The Fund is the premier source for orthopedic companies that require growth capital as well as strategic advice and guidance. HealthpointCapital’s execution team has over 50 years of combined experience investing and growing companies and is headed by John Foster who has managed seven previous funds. HealthpointCapital invests in only the most exceptional companies in the orthopedic industry. These are firms that exhibit proven technologies, outstanding management teams and strong growth potential.
Where to Find Additional Information
CONTACT: Media, John Foster, +1-212-935-7780, jfoster@healthpointcapital.com or Tim Berkowitz, (212) 935-7780, or tberkowitz@healthpointcapital.com, both of HealthpointCapital; or Paul Nichols of Nexa Orthopedics, Inc., (619)-997-0103, paulnichols@sbcglobal.net
Web sites http://www.futurabiomedical.com
http://www.HealthpointCapital.com
HealthpointCapital, LLC
CONTACT: Media, John Foster, +1-212-935-7780,jfoster@healthpointcapital.com or Tim Berkowitz, +1-212-935-7780, ortberkowitz@healthpointcapital.com, both of HealthpointCapital; or Paul Nicholsof Nexa Orthopedics, Inc., +1-619-997-0103, paulnichols@sbcglobal.net