Sale of medical device manufacturer for clubfoot treatment

Founded in 2004 in Wayland, Iowa, MD Orthopaedics is a profitable, privately held orthopedic device company that has developed and commercialized a custom fit bracing system that has supported the dissemination of the Ponseti Technique - the gold standard treatment for clubfoot. MDO was acquired by OrthoPediatrics (Nasdaq: KIDS) and will serve as a specialty bracing platform company within OrthoPediatrics Trauma & Deformity business. While this unique non-operative solution will maintain its focus on the treatment of clubfoot, OrthoPediatrics plans to leverage the MDO organization to develop several new innovative products that address the large unmet needs for specialty bracing within the pediatric orthopedic market. With an estimated 80% of pediatric orthopedic care involving non-surgical treatment, MDO expands OrthoPediatrics’ Total Addressable Market by an estimated $600 million. Since inception in 2004, MDO has helped an estimated 300,000 children across the globe.