Nexa Orthopedics, Inc. is focused on developing innovative products to meet the unmet clinical needs of the extremity surgeon.
New York, NY., USA and Vista, CA, July 12, 2005 /PRNewswire/-- Nexa Orthopedics, Inc., ("Nexa") a HealthpointCapital portfolio company, announced today the acquisition of the StayFuse™ product line from Pioneer Surgical Inc. The StayFuse is a novel product used to fuse the interphalangeal of the foot and hand. Fusion of the interphalangeal joints is a common procedure performed as a treatment for pain caused by arthritic changes to the joint or resulting from common hammertoe deformities. The patented StayFuse design features two interlocking components which are implanted in opposing phalanges of the hand or foot in order to permanently fuse the joint. The connected devices are fully contained inside the bone canals, avoiding metal exposure to the surrounding soft tissues or protrusion through the skin.
"The StayFuse product is an excellent fit with Nexa's current product line and distribution network." said Paul Nichols, President and CEO, Nexa Orthopedics, Inc. "We can now offer the extremity surgeon an alternative approach to fusion with reduced incidence of post-operative infection and patient complaints resulting from protruding wires."
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
HealthpointCapital Partners II, L.P. is a values-driven, research-based private equity firm exclusively focused on the orthopedic and dental device businesses. HealthpointCapital has $500 million of institutional capital under management.
Where to Find Additional Information
SOURCE: HealthpointCapital, LLC.
CONTACT:
Media, Paul Nichols of Nexa Orthopedics, Inc. (619)997-0103, pnichols@nexaortho.com
John H. Foster, (212)935-7780, jfoster@healthpointcapital.com
Tim Berkowitz, (212)935-7780, tberkowitz@healthpointcapital.com, both of HealthpointCapital
Web sites www.nexaortho.com and www.HealthpointCapital.com.
