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Enovis™ Completes Acquisition of Novastep

Key Takeaway: Enovis Corporation has completed the acquisition of Novastep, a subsidiary of Amplitude Surgical SA, which focuses on developing foot and ankle solutions. This acquisition is expected to strengthen Enovis' position in the bunion market through Novastep's innovative MIS bunion system, Pecaplasty. The move will also support Enovis' international growth strategy, providing access to Novastep’s CE marked implants. Enovis expresses enthusiasm about collaborating with Novastep’s team to advance healthcare solutions.

Market Sentiment Analysis

POSITIVE FACTORS

  • Enovis has successfully acquired Novastep, enhancing its foot and ankle solutions portfolio.
  • The acquisition positions Enovis to improve patient outcomes with innovative products.
  • Novastep's portfolio strengthens Enovis' growth strategy in the bunion segment.

Full Press Release Details

Wilmington, DE, June 28, 2023 (GLOBE NEWSWIRE) --  Enovis™ Corporation (NYSE: ENOV), an innovation-driven, medical technology growth company, today announced that it closed the acquisition of Novastep®, a subsidiary of Amplitude Surgical SA (Paris: AMPLI), and global developer of clinically proven foot and ankle solutions.
Novastep strengthens Enovis’ position in the growing bunion segment with its best-in-class MIS bunion system, Pecaplasty®, which accelerates U.S. growth. In addition, Novastep’s portfolio of CE marked forefoot and midfoot implants and robust OUS channel further the company’s international strategy.
“We are excited to welcome Novastep’s talented team to Enovis where we will work together to develop the next generation of foot and ankle solutions that improve patient outcomes,” said Matt Trerotola, Chief Executive Officer of Enovis.
To learn more, please visit: www.enovis.com/novastep.
Enovis Corporation (NYSE: ENOV) is an innovation-driven medical technology growth company dedicated to developing clinically differentiated solutions that generate measurably better patient outcomes and transform workflows. Powered by a culture of continuous improvement, global talent and innovation, the Company’s extensive range of products, services and integrated technologies fuels active lifestyles in orthopedics and beyond. The Company’s shares of common stock are listed in the United States on the New York Stock Exchange under the symbol ENOV. For more information about Enovis, please visit www.enovis.com.
Forward-Looking Statements
This press release includes forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Enovis’ plans, goals, objectives, outlook, expectations and intentions, and other statements that are not historical or current fact. Forward-looking statements are based on Enovis’ current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Enovis’ results to differ materially from current expectations include, but are not limited to, the risks global pandemic and other factors detailed in Enovis’ reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q under the caption “Risk Factors,” as well as the other risks discussed in Enovis’ filings with the SEC. In addition, these statements are based on assumptions that are subject to change. This press release speaks only as of the date hereof. Enovis disclaims any duty to update the information herein.
Vice President, Corporate Communications

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Healthcare Technology

Frequently Asked Questions

What company did Enovis acquire?

Enovis acquired Novastep®, a subsidiary of Amplitude Surgical SA.

What segment does Novastep enhance for Enovis?

Novastep strengthens Enovis' position in the bunion segment.

Which product is highlighted in the acquisition news?

The acquisition features Novastep's MIS bunion system, Pecaplasty®.

What is the purpose of Enovis Corporation?

Enovis is focused on developing clinically differentiated solutions for better patient outcomes.

Where can more information about Enovis be found?

More information is available at www.enovis.com.

Last updated: Jun 28, 2023