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Covidien buys Scandius Biomedical

This article was originally published in The Gray Sheet

Executive Summary

Acquisition of sports-injury surgical device maker Scandius Biomedical Nov. 8 for undisclosed terms complements Covidien's current sports surgery offerings for soft tissue repair and access, the firm says. Littleton, Mass.-based Scandius makes the Stratis ST femoral fixation and TriTis tibial fixation systems, which include instrumentation and non-absorbable and bioabsorbable polymer implants, for arthroscopic reconstruction of the anterior cruciate ligament. Covidien, a diversified device, diagnostic and drug manufacturer, completed its spin-off from parent firm Tyco International in June (1"The Gray Sheet" July 9, 2007, p. 8)

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