Altus Capital Partners (Altus), an investment firm focussed on the North American manufacturing sector, has acquired ChoiceSpine, a designer, manufacturer, and marketer of specialised spinal implants, instrumentation and biologics for the surgical treatment of complex spine disorders.
Financial terms of the transaction were not disclosed.
Based in Knoxville, TN and founded in 2006, ChoiceSpine, LP and Knox Spine, LLC collaborate with physicians to develop new products which incorporate current medical technology with customised patient solutions. ChoiceSpine products include minimally invasive, cervical, thoracolumbar, interbody, lateral, and biologics kits and implants that increase procedural efficiency and efficacy.
“We recognise the need in the medical technology space for proven spinal products that can enhance the quality of life for spinal patients,” says Altus Co-Founder and Senior Partner Gregory L Greenberg. “ChoiceSpine, a global medical device corporation specialising in innovative solutions for both spinal fusion hardware and biologics, demonstrates a track record of proven innovation, strong sales growth, increased distribution and the necessity of their products in the marketplace.”
Management will continue to invest in the expansion of the business. Altus Capital Partner Heidi Goldstein, adds: “We look forward to working with Founders Rick Henson and Marty Altshuler, who continue to invest alongside us in the Company, in further capitalising on the depth of their design and engineering capabilities, sales growth and momentum.”
“We have built a deep bench of talent that has led the company with an increased focus on product design and engineering which benefit so many patients experiencing spinal injuries,” says Henson.
“We look forward to working with Altus in further developing our offerings as well as expanding into new product verticals to continue to grow the company and provide patient solutions for the treatment of spinal disorders,” adds Altshuler.
