By: Mark Speegle
(Feb. 11, 2015) DePuy Synthes, a Johnson & Johnson company, announced its acquisition of Olive Medical Corporation in a press release. The financial terms of the deal were not disclosed. According to its website, Olive Medical is a medical device company specializing in high-definition imagining equipment for minimally invasive surgery.
The press release notes that Olive Medical’s imaging technology is expected to complement DePuy Synthes’s existing Mitek Sports Medicine portfolio, which includes multiple systems designed for surgical use with such visualization technology in the operating room. The press release also stated that the deal will allow DePuy Synthes to integrate Olive Medical’s imaging equipment into its own systems for a single source offering.
According to its website, DePuy Synthes is a worldwide provider of a variety of orthopedic and neurological medical products, and has its North America headquarters in West Chester, Pennsylvania.