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Cardo wins auction for bankrupt Vertebron

This article was originally published in Clinica

Executive Summary

Orthopaedic expert Cardo Medical has boosted its product offering after purchasing bankrupt spinal implant firm Vertebron for $1.3m in cash. Vertebron (Stratford, Connecticut) manufactures and sells spinal implants for the lumbar and cervical spine, and for motion preservation technology. Its portfolio includes the PSS pedicle screw system, the SSP semi-constrained cervical plate, anterior cervical and posterior lumbar interbody fusion allografts and the Peek vertebral body replacement devices. According to Los Angeles, California-based Cardo, Vertebron generated around $11m in revenue in 2008. However, in April this year, Vertebron filed for bankruptcy. The acquisition follows an auction approved by the US Bankruptcy Court for the District of Connecticut.

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