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OrthoPediatrics Corp. Announces Launch of Enabling Technologies Division
OrthoPediatricsOrthoPediatrics(US:KIDS) GlobeNewswire News Room·2024-09-12 11:05

Core Insights - OrthoPediatrics Corp. has launched its Enabling Technologies division to address unmet pediatric needs in orthopedics and expand into digital health and advanced technology [1][3] - The new division aims to differentiate the company's core business, generate sustainable revenue growth, and access new markets beyond orthopedics [1] Product Innovations - The company has made significant advancements with the 7D Flash™ Navigation System and a partnership with 3D Side, S.A. for patient-specific cutting guides, laying a strong foundation for the new division [2] - Upcoming technology platforms include: - Playbook: A surgical workflow and outcome optimization platform designed to enhance surgical planning and execution [2] - Robotic-Assistance for Cochlear Implant Technology: A partnership with iotaMotion, Inc. to develop a robotic-assisted insertion system for cochlear implant surgeries, providing greater control and precision [2] Leadership and Vision - CEO David Bailey expressed enthusiasm for the new division, highlighting its potential to positively impact children's lives and create long-term growth opportunities [3] - The company aims to position itself at the forefront of pediatric digital health and enabling technologies sectors [3] Company Background - Founded in 2006, OrthoPediatrics focuses exclusively on pediatric orthopedics, offering over 70 products across trauma, deformity, scoliosis, and sports medicine categories [4] - The company distributes its products in the United States and over 70 countries globally [4]