Deep Dive into DJO #2 Quick History 1978 - D
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Posted On: 05/05/2020 4:35:51 PM
Deep Dive into DJO #2
Quick History
1978 - Don Joy is founded by Philadelphia Eagles Offensive Line Captain Mark Nordquist and a friend in a Carlsbad CA garage. Nordquist saw a business opportunity as NFL players had limited choices for Braces and Supports
1987 - Smith & Nephew saw a growing Orthopedic Device company, liked it, and bought Don Joy for $20 million
1995 - Don Joy buys out ProCare to expand its product offerings
1999 - Don Joy Management buys the company back from Smith & Nephew, taking it Private, changes name to DJ Orthopedic
2001 - DJ Orthopedic takes the company Public
2001 - 2006 - DJ Orthopedic buys 7 companies to expand their offerings, changes the name to DJO
2007 - Blackstone Group buys DJO and folds 3 other Medical companies into the DJO name
2009 - 2018 - DJO continues to make strategic purchases to expand its Product Line
2019 - February, Colfax Corp. buys DJO for $3.15 billion in cash to enter the Healthcare Sector
- Colfax saw $3.3 billion in Net Sales in 2019
- DJO saw over $1 billion in Net Sales
- DJO is the #1 Sports Medicine Brand in the World
- Brady Shirley is the CEO of DJO. He spent 17 years with Stryker Medical Devices rising to a Division President and Division VP
- Michael McBrayer is the Senior VP of Global Business & Professional Relations. He has been with DJO for 34 years, seeing all of the events listed above except the founding. He is the person that Keith Nalepka has some connection to as Keith started all of the DJO speculation by Twitter Liking a picture of McBrayer getting the DJO Lifetime Achievement Award. BIEL had stated in several Investor Updates that it was negotiating with a “Global Orthopedic Company” for an OEM deal. Kelly Whelan followed by also liking the DJO picture. Many more DJO Likes by Kelly have followed
- DJO had considerable assets to make acquisitions and launch new products before the buyout by Colfax. Now being a component of Colfax those available assets have expanded considerably
- If BIEL does have a OEM Partnership with DJO for a new line of Braces and Wraps it will provide an enormous boost to both revenue and street credibility that could facilitate future deals
Quick History
1978 - Don Joy is founded by Philadelphia Eagles Offensive Line Captain Mark Nordquist and a friend in a Carlsbad CA garage. Nordquist saw a business opportunity as NFL players had limited choices for Braces and Supports
1987 - Smith & Nephew saw a growing Orthopedic Device company, liked it, and bought Don Joy for $20 million
1995 - Don Joy buys out ProCare to expand its product offerings
1999 - Don Joy Management buys the company back from Smith & Nephew, taking it Private, changes name to DJ Orthopedic
2001 - DJ Orthopedic takes the company Public
2001 - 2006 - DJ Orthopedic buys 7 companies to expand their offerings, changes the name to DJO
2007 - Blackstone Group buys DJO and folds 3 other Medical companies into the DJO name
2009 - 2018 - DJO continues to make strategic purchases to expand its Product Line
2019 - February, Colfax Corp. buys DJO for $3.15 billion in cash to enter the Healthcare Sector
- Colfax saw $3.3 billion in Net Sales in 2019
- DJO saw over $1 billion in Net Sales
- DJO is the #1 Sports Medicine Brand in the World
- Brady Shirley is the CEO of DJO. He spent 17 years with Stryker Medical Devices rising to a Division President and Division VP
- Michael McBrayer is the Senior VP of Global Business & Professional Relations. He has been with DJO for 34 years, seeing all of the events listed above except the founding. He is the person that Keith Nalepka has some connection to as Keith started all of the DJO speculation by Twitter Liking a picture of McBrayer getting the DJO Lifetime Achievement Award. BIEL had stated in several Investor Updates that it was negotiating with a “Global Orthopedic Company” for an OEM deal. Kelly Whelan followed by also liking the DJO picture. Many more DJO Likes by Kelly have followed
- DJO had considerable assets to make acquisitions and launch new products before the buyout by Colfax. Now being a component of Colfax those available assets have expanded considerably
- If BIEL does have a OEM Partnership with DJO for a new line of Braces and Wraps it will provide an enormous boost to both revenue and street credibility that could facilitate future deals
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