Integra Expands Ortho Presence, Buys Kinetikos
Integra Lifesciences Holdings Corp. (Plainsboro, NJ), a firm with a diverse array of interests best known for its artificial skin technology, has agreed to buy Kinetikos Medical Inc. (Carlsbad, CA), a specialist in surgical devices for small bones, for $40 million in cash, Reuters News reports.
June 30, 2006
Kinetikos was named one of MD&DI's 50 Companies to Watch in the June issue. I've always kept an eye on Integra since I started covering life sciences for a New Jersey newspaper 10 years ago. Back then I did a feature on its artificial skin technology and other projects it had in development. I was impressed by what the company was up to but shocked that it wasn't getting much recognition from Wall Street or the public. That started to change a year later when Wall Street veteran Stuart Essig was hired as CEO. Essig and his team have gotten Integra the high profile it deserves, and built it into a multi-market, multi-technology player. If they like what they see in Kinetikos, chances are Kinetikos is really doing something right.DeviceTalk will return on Wednesday, July 5.
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