Michigan Orthopedic Services
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Michigan Orthopedic Services - overview
Established
1993
Location
Livonia, MI, US
Primary Industry
Medical Devices & Equipment
About
Michigan Orthopedic Services specializes in offering advanced orthopedic solutions, including implants and surgical tools, to enhance surgical precision and patient recovery. Established in 1993 and headquartered in Livonia, US, Michigan Orthopedic Services is dedicated to delivering orthopedic products. The company was acquired by Wright & Filippis, Inc. in June 2011, marking a strategic shift in its business operations.
The founder's history is not available, but the company has successfully completed a total of 2 deals since inception, with the most recent occurring on 30th June 2011. Michigan Orthopedic Services provides innovative orthopedic solutions aimed at enhancing patient outcomes and streamlining healthcare processes. Core offerings include orthopedic implants, surgical instruments, and rehabilitation devices designed for various conditions. The company serves a diverse clientele, such as hospitals and surgical centers, primarily targeting orthopedic surgeons and their patients.
Its products are marketed in North America and Europe, focusing on facilities that require advanced orthopedic solutions for improved efficiency and patient care. Revenue for Michigan Orthopedic Services is generated through direct sales to healthcare institutions and partnerships with distributors. The company focuses on B2B transactions with hospitals and specialty clinics requiring orthopedic products, involving bulk orders of items like orthopedic implants and surgical instruments. Pricing plans are volume-based, allowing for discounts on larger purchases to incentivize bulk buying, thereby ensuring a steady revenue stream.
Michigan Orthopedic Services plans to expand its market presence by introducing new orthopedic products designed to improve surgical outcomes, although specific release dates are currently not available. The company aims to broaden its reach into additional markets, targeting increased penetration in regions beyond North America and Europe. Following the acquisition by Wright & Filippis, Inc. , the resources and insights gained from this partnership will likely support these initiatives, allowing for strategic growth and an expanded product offering moving forward.
Primary Industry
Medical Devices & Equipment
Sub Industries
Healthcare, Medical Devices & Equipment
Website
www.michortho.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Michigan Orthopedic Services - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Michigan Orthopedic Services | - | ||||||||
| Add-on | Completed | O&P Professional Care | - | ||||||||
| Add-on | Completed | Kochs Orthotic | - | ||||||||
| Recapitalisation | Completed | Michigan Orthopedic Services | - |
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