Add-on Acquisition • Medical Products

Conmed Acquires Bionx Implants

On January 13, 2003, Conmed acquired medical products company Bionx Implants for 48M USD

Acquisition Context
  • This is Conmed’s 2nd transaction in the Medical Products sector.
  • This is Conmed’s 6th largest (disclosed) transaction.
  • This is Conmed’s 2nd transaction in the United States.
  • This is Conmed’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date January 13, 2003
Target Bionx Implants
Sector Medical Products
Buyer(s) Conmed
Deal Type Add-on Acquisition
Deal Value 48M USD

Target Company

Bionx Implants

Blue Bell, Pennsylvania, United States
Bionx Implants, Inc. develops, manufactures and sells bio-absorbable implants for sports medicine surgical procedures.
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Buyer Overview 1

Buyer

Conmed

Largo, Florida, United States

Category Company
Founded 1970
Sector Medical Products
Employees4,100
Revenue 1.3B USD (2024)
DESCRIPTION

Conmed is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring. The Company’s products are used by surgeons and physicians in a variety of specialties including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology. Conmed was founded in 1970 and is based in Largo, Florida.


Deal Context for Buyer #
Overall 2 of 9
Sector: Medical Products 2 of 9
Type: Add-on Acquisition 1 of 6
State: Pennsylvania 1 of 1
Country: United States 2 of 8
Year: 2003 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-26 Linvatec

Largo, Florida, United States

Linvatec is a provider of medical surgical device company specializing in the design, manufacture and worldwide distribution of arthroscopy products and powered instruments.

Buy $370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Bioretec

Tampere, Finland

Bioretec Ltd. is specialized in manufacturing, developing, and marketing advanced bioabsorbable implants and device solutions for various fields of surgery for global markets. Bioretec was founded in 1998 and is based in Tampere, Finland.

Buy -