Owners
Titan Spine is the American company which is engaged in development and production of titanic implants for a backbone. Titan Spine investigates different options of treatment of diseases of a backbone and sells a line of implants of Endoskeleton with the patented textured surface in the USA, Europe and Australia through the sales departments and network of independent distributors. The headquarters of Titan Spine company is in Mekuona, the State of Wisconsin.
History
2019: Medtronic purchased Titan Spine
In the middle of May, 2019 the Medtronic company announced Titan Spine acquisition. Boards of Directors of both companies unanimously approved the transaction, financial details and conditions of purchase are not disclosed.
Intervertebral implants for a spondilodez are a laying which can be inserted between vertebras during operation on a backbone immobilization to reduce pressure upon nerves and to hold vertebras on site while union of a backbone is carried out (spondilodez). It is considered that material and a form of implants play a special role in the course of growth of bones during a spondilodez therefore among surgeons demand for titanic intervertebral implants with the textured surface grows.
The senior vice president and the president of division of Spine which treats a complex of recovery therapy of Medtronic Jacob Paul noted that developers of the company created the wide range of implants, tools and the supporting technologies for backbone operations. Acquisition of Titan Spine company which is a pioneer in the field of backbone implants with the textured surface will allow Medtronic to improve a portfolio of the provided services and will strengthen its positions in the world market. Medtronic will purchase a complete product portfolio of Titan Spine which is provided by a complex line of titanic intervertebral implants.[1]