Responsive Orthopedics

Responsive Orthopedics is the American company developing inexpensive prostheses for knee and coxofemoral joints. Responsive Orthopedics sells the products to hospitals within state programs in which suppliers of medical solutions earn rewards depending on efficiency of treatment of patients, but not from the number of the executed transactions.

2016: Medtronic buys Responsive Orthopedics

At the beginning of June, 2016 the Medtronic company, one of the world's largest producers of the medical equipment, announced Responsive Orthopedics purchase. The cost of the transaction was not disclosed.

Thanks to this acquisition Medtronic is going to enter the market of inexpensive endoprostheses of joints in 2017.

Medtronic purchased the developer of cheap endoprostheses Responsive Orthopedics

This area, certainly, is interesting to us — the chief executive officer and the chairman of the board of directors of Medtronic Omar Ishrak at a meeting with investors in New York said.

Medtronic owns a minority share in Responsive Orthopedics since 2014. The transaction on sale to this company was closed in May, 2016.

According to Omar Ishrac, merger of Responsive Orthopedics became a part of investments into $2 billion which Medtronic decided to direct to the so-called "the cost focused health care" at which the medical equipment is on sale together with a set of services that allows to cut down expenses and at the same time to save quality of the provided medical care at the high level.

As notes the The Star Tribune edition, installation of prostheses for knee and coxofemoral joints is the most widespread surgery within the program of the government free medical care aged in the USA. Only in 2014 through the whole country about 400 thousand such operations for the amount more than $7 billion were performed. Average expenses on treatment and recovery of one such patient make from $17 thousand to $33 thousand^[1]

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