Vilex and Orthex, LLC
OrthoPediatrics Acquisition of Vilex and Orthex
OrthoPediatrics Corp. (OrthoPediatrics) (NASDAQ), announced its acquisition of Vilex in Tennessee, Inc. and Orthex, LLC (collectively, Vilex). The acquisition includes Vilex’s Orthex Hexapod circular fixation technology and proprietary CORA-based x-ray planning software for a total purchase price of $60 million, consisting of $50 million in cash and $10 million in OrthoPediatrics' stock.
Vilex, founded in 1996, is a private company and Tennessee-based manufacturer of precision engineered extremity solutions, specializing in internal and external fixation devices for foot and ankle, pediatrics, deformity correction and reconstructive surgery. Vilex sells its products throughout the United States and in international markets such as Colombia, Mexico, Brazil, Canada and Israel.
Founded in 2006, OrthoPediatrics is an orthopedic company focused exclusively on providing a comprehensive product offering to the pediatric orthopedic market to improve the lives of children with orthopedic conditions. OrthoPediatrics’ global sales organization is focused exclusively on pediatric orthopedics and distributes its products in the United States and 41 international countries.
Warner represented Vilex in the transaction. The Warner team was led by Steve Waterbury and included Mike Jones and Corinne Sprague (M&A), Emily Cantor (corporate), Heidi Lyon (employee benefits), Chuck Burpee and Amber Underhill (intellectual property), Steve Kretschman (tax) and Allyson Terpsma (labor and employment).
Read the full press release here.
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