Orthopaedic Synergy enters into letter of intent and period of exclusivity to acquire Praxim, SA

Mar 10 2010

Orthopaedic Synergy, Inc., is pleased to announce that it has entered into a letter of intent and period of exclusivity to acquire Praxim, SA of France.   

 "The acquisition of Praxim SA will represent a continuation of the philosophy of the Orthopaedic Synergy group that good companies can be brought together and managed so that the combination of their individual strengths produce shorter product development cycles and more rapid growth in sales than each company could deliver on its own," Nik Nikolaev, Chairman of Orthopaedic Synergy.   George Cipolletti, CEO and President of OMNIlife science states, "Combining OMNI's advanced orthopaedic implant and instrument products with Enztec, Ltd's instrument design capability, has already increased our ability to satisfy our customers' needs and increase our sales.  Adding Praxim's proprietary computer and robotic assisted surgery technology to the mix will serve to further accelerate this process both in the U.S. as well as in international markets."

"We believe that the OMNIlife science, Inc. product portfolio represents state of the art technology in Knee and Hip replacement and we are confident that our staff and technology and will be in good hands.  We look forward to watching OMNI, Enztec and Praxim work under the Orthopaedic Synergy banner to enhance our technology offerings as well as dramatically increase the profile and acceptance of our highly advanced proprietary computer and robotic assisted surgical techniques in orthopaedic joint replacement surgery," Christian Joly, CEO of Praxim, SA.