Enovis (formerly DJO) Expands Orthopedic division

Enovis (formerly DJO) Expands Orthopedic division with $744 million Acquisition

Ortho World
Julie A. Vetalice on September 25, 2023

"Enovis announced a definitive agreement to acquire LimaCorporate. The acquisition has an enterprise value of approximately €800 million, comprising a €700 million cash payment at closing and €100 million in shares of Enovis common stock (~USD $744 million and $106 million, respectively). The transaction is expected to close in early 2024."

"It is the company’s ninth acquisition since 2020 and will be one of the more sizeable integrations. However, Enovis’ proven track record of successful acquisition and integration is deeply rooted in its culture. The company called M&A a “fundamental corporate capability” and pointed to the frequency of its deals as a key driver of success."

"Founded in 1945, Lima is a global orthopedic company with diversified revenues that has grown at a high single-digit CAGR over the last 10 years, increasing into the low teens in the last several years. Lima’s technological solutions, including digital innovation and patient-tailored hardware, are developed to improve patient outcomes following joint replacement surgery. The company focuses on shoulder, knee and hip prostheses with a portfolio that includes one of the first modular shoulder systems in the world, the SMR, the Delta hip cup and the Physica knee."

https://www.orthoworld.com/enovis-to-acquire-limacorporate/


This is Enovis' third acquisition since April 2023.

Enovis to Buy Novastep from Amplitude Surgical
by Julie A. Vetalice on April 03, 2023
https://www.orthoworld.com/enovis-to-buy-nova...-surgical/

Enovis to Acquire SEAL External Fixation
by Julie A. Vetalice on May 09, 2023
https://www.orthoworld.com/enovis-to-acquire-...-fixation/